- Advertisement -
- Advertisement -

Related

Estlander & Partners Expands Fund Family

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Finnish systematic asset manager Estlander & Partners has expanded its fund range with the launch of Estlander & Partners Glacies AIF, a futures-based cross-asset multi-factor vehicle. Launched in February last year, the fund returned 9.8 percent through the end of January 2020.

Estlander & Partners Glacies builds a well-balanced portfolio of five strategy categories to capture the trend, carry, value, volatility and liquidity risk premia across various asset classes using futures. Martin Estlander (pictured), who founded Estlander & Partners in 1991, tells HedgeNordic that “each category has a distinct performance driver, which translates into low correlation between the categories over time.” More importantly, “a number of individual strategies are used to harvest the respective risk premia in each category,” explains Estlander.

Estlander & Partners manages two other programs that are part of the Nordic Hedge Index: the Estlander & Partners Freedom program and Estlander & Partners Alpha Trend program. The Alpha Trend program was launched in 1991 and is the longest-living member of the Nordic Hedge Index. According to Estlander, “the Alpha Trend program is a pure trend-following strategy, whereas the Freedom program is more of an all-weather strategy with a higher risk-return profile than the more recent Glacies.”

Estlander & Partners Glacies gained 8.9 percent in 2019, with each of the five strategy categories delivering positive performance. “The correlation among the categories has hovered between 0.2 and -0.2,” says the founder, adding that “the positive return and low correlation for each of the components provide for a contained volatility of 5.7 percent and a solid information ratio for the fund.”

Describing the fund’s approach to managing risk, Estlander says that “each strategy category utilizes dynamics that reduce exposure as a function of limited opportunities and negative performance.” This “provides for an at-the-money call-like risk exposure,” which safeguards against “black swan-type of scenarios.”

 

Welcome to the Nordic Hedge Index!

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

The “Magic of Three”: Protean Select Turns Milestone into Major Allocation

Reaching the three-year mark is a key milestone and often a turning point for any emerging hedge fund. For Protean Select, the opportunistic equity...

Twelve Years On, Nordkinn Expands with Two PMs and Advisor

Twelve years after its inception, Nordkinn Asset Management is entering a new growth phase, expanding its investment team with the appointments of Arian Kalantari...

Merger Cleared: Carlsson Norén to Transition Funds to UCITS

After nearly two decades as an independent fund manager, Carlsson Norén Asset Management is joining Meriti Capital, following regulatory approval from Finansinspektionen. Its two...

Symmetry Grows Almost Tenfold in 5 Years, Surpasses DKK 1 Billion

A disciplined investment strategy, strong performance, an expanded team, and a more institutionalized setup have helped long/short equity fund Symmetry Invest surpass DKK 1...

Norron Select’s Rocky Start and Swift Recovery

Off to a strong start in January, long/short equity fund Norron Select faced a challenging February, March, and early April, with its year-to-date performance...

Varma’s Hedge Funds Show Steady Performance

The first half of 2025 was far from smooth sailing for investors, hedge fund managers included. Varma, Finland’s largest hedge fund investor, nevertheless reported...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.