- Advertisement -
- Advertisement -

Copy What Works

- Advertisement -

Stockholm (HedgeNordic) – After the successful launch of its multiple-award-winning Formue Nord Markedsneutral, Danish asset manager Formue Nord launched a sister fund employing a similar strategy in the second half of 2018. Formue Nord Fokus, which employs a similar strategy of focusing on special situations and financing small- and midcap companies, has now joined the Nordic Hedge Index.

According to Chris Albertsen, part of the five-member team at Formue Nord, the strategies of “both Formue Nord Markedsneutral and Formue Nord Fokus revolve around special situations and financing small- and midcap companies.” Both vehicles maintain beta-neutral portfolios at all times through the use of equity index futures or other derivatives. The main difference between the two funds, however, involves the time horizon for the financing solutions offered by these funds to companies in need of capital.

Formue Nord Fokus generally offers financing solutions with a maturity of at least one year, whereas Formue Nord Markedsneutral engages in transactions with shorter maturities. To account for the illiquidity of its investments, Formue Nord Fokus requires from its investors a 24-month notice of intention to redeem capital, with biannual redemption of 25 percent of the invested capital. The fund generated a cumulative return of 15.5 percent since launching in September 2018 after gaining 7.8 percent in the first four months of 2020. Formue Nord Fokus oversees about €7 million in assets under management as of the end of April.

Its sister fund, Formue Nord Markedsneutral, is the second-best performing member of the Nordic Hedge Index in the past 36 months and has stood on the podium in the “Best Nordic Multi-Strategy Hedge Fund” category at the Nordic Hedge Award for a second consecutive year. Formue Nord Markedsneutral generated an annualized return of over ten percent since launching in late 2015. Both funds are managed by a five-member team out of the Danish city of Aalborg. The team includes CEO Thøger Dam Johansen, CIO Rasmus Viggers, analyst Mikkel Hagel, analyst Mads Krarup Johansson, and junior analyst Chris Albertsen.

 

Welcome to the Nordic Hedge Index!

close

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

Most Popular This Week

Request for Proposal

- Advertisement -

Latest Articles

Expected 75 Point Hike in Riksbank Rate

Stockholm (HedgeNordic) – Sweden’s Riksbank raised the key interest rate by an expected 75 basis points to 2.5 percent, the highest level since 2008....

The Age of Macro is Back

Stockholm (HedgeNordic) – In recent years, fixed-income macro managers such as Carlsson Norén have struggled to deliver attractive absolute returns in a low-volatility environment...

Man AHL Launches its First Systematic Article 9 Fund

Stockholm (HedgeNordic) – Man Group’s quantitative investment arm and engine, Man AHL, has launched the asset manager’s first systematic Article 9 fund. Relying on...

Corporate Bonds are Very Attractive Finds Atlant Fonder

Stockholm (HedgeNordic) – This year’s broad sell-off in the bond market due to aggressive monetary tightening in the fight against inflation may have investors...

Afalon’s Holistic Approach Amid Fund Closure

Stockholm (HedgeNordic) –  Finnish asset manager Afalon Investment Management has called time on its hedge fund that sought to identify investments aligned with sustainability...

HedgeNordic’s CTA Roundtable Back in the Flesh

Stockholm (HedgeNordic) – On November 17, 2022, HedgeNordic hosted its traditional, annual CTA roundtable in Stockholm. After two years in a virtual format, it...