- Advertisement -
- Advertisement -

Related

One Up, One Down

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – The Nordic CTA space edged up 0.7 percent in July (85 percent reported) in increasingly nervous markets, with about half of the group enjoying gains. The group’s performance was mainly attributable to solid returns from Mandatum’s artificial intelligence-assisted systematic Mandatum Managed Futures Fund and RPM Galaxy.

Mandatum’s managed futures fund, which considers the changing nature of volatility and uses machine learning algorithms that select the right combination of trading models for a given environment, gained 4.6 percent in July to take its year-to-date advance to 15.3 percent. Mandatum Managed Futures Fund currently ranks as this year’s second-best performing member of the NHX CTA sub-index, trailing only Estlander & Partners Freedom by a slight margin.

RPM Galaxy, one of the two vehicles under the umbrella of Stockholm-based CTA specialist RPM Risk & Portfolio Management, was up 3.9 percent last month to extend its 2021 advance to 14.9 percent. Lynx Asset Management’s flagship systematic trend-following vehicle, Lynx (Sweden), ended the month of July with a gain of 1.4 percent. According to a monthly letter to investors, “Lynx was profitable in July as gains in fixed income and equities outweighed losses in commodities and foreign exchange.” The fund was up 4.7 percent in the first seven months of 2021.

Two of the three vehicles under the umbrella of Estlander & Partners followed suit, with the Estlander & Partners Alpha Trend program gaining 1.1 percent and Estlander & Partners Freedom program gaining 0.9 percent in July. The Alpha Trend program, the longest-living member of the Nordic Hedge Index, ended the first seven months of this year up 12.9 percent, while the Freedom program was up 15.7 percent. Lynx Asset Management’s machine learning-assisted Lynx Constellation also booked gains last month, with its 0.7 percent advance last month trimming the year-to-date losses to 8.9 percent.

Photo by Possessed Photography 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

Elementa Tops Swedish Hedge Fund Universe in H1

After celebrating its ten-year anniversary in March, long/short equity fund Elementa closed the first half of 2025 as the best-performing Swedish hedge fund, delivering...

Asgard Winds Down Macro Strategy, Refocuses on Fixed Income

Less than a year after the launch of Asgard-Steno Global Macro Fund – a collaborative effort between macro strategist Andreas Steno Larsen and fixed-income...

Eric Strand’s Green-Gold 60/40 Alternative Roars Back to Life

After a two-and-a-half-year drought, including a rough start to 2025, AuAg Precious Green has taken off in recent months. The fund, Eric Strand’s innovative...

BNY Debuts Tail-Risk Overlay Fund

BNY Investments Newton, the specialist multi-asset and equity management arm of BNY Mellon, has launched the BNY Adaptive Risk Overlay Fund – a tail-hedging...

Taiga Fund Delivers Best First Half Since 2019

Usually operating under the radar, Norwegian long/short equity vehicle Taiga Fund delivered one of its strongest first-half performances to date – its best since...

Quirky Questions for Harold De Boer (Transtrend)

Not every conversation in the hedge fund world needs to revolve around alpha, trend signals, or trading models. In HedgeNordic’s Quirky Questions series, we ask industry...

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.