- Advertisement -
- Advertisement -

Related

Month in Review – February 2020

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds declined by 2.0 percent on average in February (89 percent reported), as the industry could not entirely escape the coronavirus-fueled market turmoil. The Nordic Hedge Index is down 1.7 percent over the first two months of 2020.

Month in Review – February 2020

All five strategy categories in the Nordic Hedge Index posted losses for February, with multi-strategy and equity hedge funds experiencing the worst performance. Equity hedge funds were down 2.5 percent on average in February, as equity markets ended the month with the worst week for investors since 2008. Multi-strategy funds, meanwhile, declined 2.8 percent on average. Funds of hedge funds and CTAs were down 0.8 percent and 0.9 percent, respectively. Fixed-income hedge funds fell by 0.7 percent on average last month.

The dispersion between last month’s best- and worst-performing members of the Nordic Hedge Index increased relative to the previous month, as top performers could not offset the large losses incurred by bottom performers. In February, the top 20 percent of Nordic hedge funds gained 1.4 percent on average, whereas the bottom 20 percent lost 6.8 percent. In January, the top 20 was up 3.5 percent, and the bottom 20 percent lost 2.5 percent. About one-fifth of the members of the Nordic Hedge Index with reported February figures posted gains last month.

Proxy Renewable Long/Short Energy, an energy transition-focused long/short equity fund, was last month’s best-performing member of the Nordic Hedge Index with a return of 7.5 percent. The fund managed by Stockholm-based asset manager Proxy P Management gained 10 percent in the first two months of 2020. Niche long/short equity fund Elementa gained 6.0 percent last month and was up 9.8 percent year-to-date through the end of February.

Atlant Protect, a vehicle designed specifically to protect against market crashes, gained 4.3 percent in February. The fund is up an additional 4.3 percent month-to-date through March 10, which brings the year-to-date performance to 8.1 percent. Volt Diversified Alpha Fund, a Stockholm-based vehicle that relies on machine learning and fundamental data to capture price moves across various markets, delivered a gain of 4.0 percent in February and was up 9.9 percent in the first two months of 2020. Estlander & Partners Alpha Trend gained 2.7 percent in February.

The Month in Review for February can be downloaded below:

Photo by Glen Carrie on Unsplash

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

Hedge Funds Pay Off for the State Pension Fund of Finland

Finland’s largest institutional investors remain committed allocators to hedge funds, yet the State Pension Fund of Finland’s (VER) hedge fund allocation stood out as...

Carl Berg to Lead Niam’s Capital Formation Efforts in Sweden

Private markets firm Niam Group has strengthened its Capital Formation and Investor Relations team with the appointment of Carl Berg as Capital Formation Director...

Statistical Outlier Year for HCP Black

When HedgeNordic spoke with Tommi Kemppainen in early 2019, the CEO of Helsinki Capital Partners outlined a defensive positioning for the multi-strategy fund HCP...

Nordea Adds Systematic Fixed Income Expertise

Nordea Asset Management (NAM) has strengthened its data-driven investment capabilities with the addition of two London-based professionals, Lucette Yvernault and Marton Huebler, marking the...

From Short-Term Opportunity to Long-Term Outperformance

Borea Utbytte, a banking sector-focused equity fund under Norwegian boutique Borea Asset Management, celebrated its five-year anniversary at the turn of September to October....

Record Month for Tidan in Priced-to-Perfection Credit Market

Tidan Fund, a Stockholm-based hedge fund specialising in opportunities across corporate capital structures, marked its four-year anniversary in September with its strongest month on...

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.