- Advertisement -

Related

One Up, One Down

Powering Hedge Funds

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

Core, Satellite, and Structural Premiums: PensionDanmark’s Approach to Emerging Market Debt

Many institutional investors have gradually internalized mandates once awarded to external managers, seeking tighter cost control, greater transparency, and improved alignment. Emerging market debt...

PIMCO: Similar Yields, Better Risk Profile in European High Yield

The U.S. high yield market has long been regarded as the global benchmark: deeper, more liquid, and broader in sector composition. For many allocators,...

Avoiding the Echo Chamber: Kraft’s Playbook in Tighter High-Yield Market

Delivering strong returns during a market rebound is one thing. Preserving performance momentum once spreads tighten and dispersion fades is another. That was the...

Tidan Deepens Volatility Arbitrage Expertise

Tidan Capital has strengthened its volatility and options arbitrage platform with the appointment of Laurent Keller as Senior Portfolio Manager. The Stockholm-based hedge fund...

Two Brothers, One Model, Ten Years: The Evolution of Othania

Exactly ten years ago, two brothers on the outskirts of Copenhagen set out to build their own asset management firm. Their idea was straightforward...

Rare Valuation Gap Between Small and Large Caps

Over the past five years, Swedish small caps have oscillated between a 10 percent premium and a 10 percent discount relative to large caps,...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -