- Advertisement -
- Advertisement -

Related

Reaching Higher Peaks

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Systematic macro fund Peak Global Macro gained 10.8 percent month-to-date through March 16, recouping most of the losses incurred in the first two months of 2020. The S&P 500 plummeted 12 percent on Monday, its worst day since the “Black Monday” market crash in 1987. Peak Global Macro, meanwhile, advanced 4.9 percent on this week’s “Black Monday.”

Peak Global Macro is a systematic macro fund trading equities, rates, commodities and REITs. Whereas its investment approach is momentum-based and trend-following in nature, the fund does not employ a traditional trend-following CTA strategy. As previously explained by Per Djerf (pictured), CEO and portfolio manager at Stockholm-based Peak Alternative Investments, Peak Global Macro’s approach combines price-based information with fundamental data to capture broader market trends across several asset classes.

Stock markets across the global went deep red this month on coronavirus fears. “Whether you believe that the downturn is continuing or that the bottom has been reached, there are good reasons to review your portfolio,” says Djerf in an update to investors. Peak Global Macro is down only 3.1 percent year-to-date following a sharp reversal of fortunes in the first half of March. “Peak Global Macro is the fund that adapts to the prevailing market situation and has the opportunity to generate returns in ups or downs through long and short positions in several asset classes,” emphasizes Djerf.

With a month-to-date gain of about 11 percent, Peak Global Macro is one of the best-performing funds in the Nordic Hedge Index this month. The fund is now up 15.3 percent over the previous 12-month period, which reflects “both the best times and worst times for equity markets,” according to Djerf. “As the fund adjusts its positions depending on the prevailing market direction, it can constitute a good risk-reward addition to a portfolio” regardless of whether stock markets go up or down.

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

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...

Zetterquist Leads Antiloop’s Reset as Cygnus and Atlas Gain Momentum

After helping build and later steer the operations of fund boutique Norron, first as COO and then as CEO, Alexander Zetterquist is embarking on...

From Running Laps to Running Capital: Ex-Taiga Analyst at DNB

After nine years as an analyst at equity long/short hedge fund Taiga Fund, Øystein Kvaerner has joined DNB Asset Management to launch a new...

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.