Facebook Twitter Instagram
    • About
    • Subscribe
    • Contact
    • Report Library
    • Manager Login
    Facebook Twitter LinkedIn RSS
    HedgeNordic
    • Home
    • Allocator Angle
    • Report Library
    • Nordic Hedge Award
      • Nominations 2021 Nordic Hedge Award
      • Rookie of the Year
      • Jury Board
      • Historic Winners
      • Statistics
    • Nordic Hedge Index
    • Webinars & Podcasts
    HedgeNordic

    CTAs on Track for Best Month Since 2010

    Eugeniu GuzunBy Eugeniu Guzun07/04/2022No Comments
    Facebook Twitter LinkedIn Email

    Stockholm (HedgeNordic) – Up an estimated 5.9 percent on average in March (82 percent reported), Nordic CTAs are on the way to achieving their best month since late 2010 to recoup the losses incurred in the first two months of this year. All managed futures-trading hedge funds within the Nordic Hedge Index with reported March figures delivered positive returns last month, with RPM Evolving CTA Fund and Lynx (Sweden) leading the gains.

    With a monthly advance of 11.6 percent, RPM Evolving CTA Fund achieved its second-best month since launching in mid-2013. The fund, which invests in a select group of young CTA managers in their “Evolving Phase,” gained 18.4 percent in the first three months of 2022. “Performance was positive basically across all sectors, but mainly in bonds and energies due to a worsening bond selloff amid expectations of faster policy tightening, and surging energy prices amid the escalating war in Ukraine, respectively,” says a letter to investors by CTA specialist RPM Risk & Portfolio Management. “With few exceptions, performance was positive across managers and sub-strategies.”

    “Performance was positive basically across all sectors, but mainly in bonds and energies due to a worsening bond selloff amid expectations of faster policy tightening, and surging energy prices amid the escalating war in Ukraine, respectively.”

    Lynx Asset Management’s systematic trend-following vehicle, Lynx (Sweden), ended the month of March with a gain of 10.6 percent to achieve its best month since 2008. The fund has gained 17.9 percent so far in 2022 through the end of March. Lynx (Sweden), the oldest running hedge fund in Sweden, relies on both trend-following models and diversifying models to catch trends in various markets and reduce drawdowns in non-trending environments. “Lynx generated a strong gain in March as rising global inflationary pressures were exacerbated by the ongoing military conflict in Ukraine resulting in extreme price movements across asset classes,” writes Lynx Asset Management in a letter to investors.

    “Lynx generated a strong gain in March as rising global inflationary pressures were exacerbated by the ongoing military conflict in Ukraine resulting in extreme price movements across asset classes.”

    “Long positions in energies were particularly profitable as prices spiked on speculation that sanctions on Russia would extend to oil and gas exports and potentially have a dramatic impact on European inventories,” writes the Lynx team. “In other commodities, an unprecedented move in nickel traded on the London Metal Exchange (LME) resulted in a solid gain as Russian supply concerns catalyzed a short squeeze which drove prices up by over 100% in a day before the exchange suspended trading,” the letter continues. “In fixed income, short positions across the US and European yield curves were also highly profitable as rate expectations rose on climbing inflation readings.”

    Trend-following commodity fund Calculo Evolution Fund, meanwhile, gained 5.3 percent in March to reach its best month since launching in August 2018. The fund steered by Philip Engel Carlsson advanced 9.7 percent in the first three months of this year. SEB Asset Selection, a purely quant-driven trend-follower that invests across four different asset classes, advanced 6.6 percent last month to bring its year-to-date performance into positive territory at 6.2 percent. Volt Diversified Alpha Fund booked a monthly gain of 5.7 percent in March, while Estlander & Partners’ Alpha Trend Program and Freedom Program gained 5.6 percent and 3.5 percent, respectively.

     

    Photo by Glen Carrie on Unsplash

    Share. Facebook Twitter LinkedIn Email
    Previous ArticleAtlas Hit by Russian Exposure
    Next Article Adaptive, Ready for a Bigger Audience
    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.

    Related Posts

    Month in Review – April 2022

    CTAs Maintain Momentum

    AIM Capital Hires Portfolio Manager

    Add A Comment

    Leave A Reply Cancel Reply

    Time limit is exhausted. Please reload CAPTCHA.

    Most read today:
    • Blockification
    • Systematic Strategies Thrive in the New Inflationary Climate
    • Velliv Makes Further Inroads into Fintech
    • Revisiting Trend-Following CTAs
    • Per Johansson Starts as Celina CIO
    • The Winners at the 2021 Nordic Hedge Award
    • In-Depth: Inflation Protection

    New Theme: Real Income Destruction

    17/05/2022

    Blockification

    16/05/2022

    The Inflation Puzzle

    12/05/2022

    Systematic Strategies Thrive in the New Inflationary Climate

    12/05/2022
    Promotion:
    Video: Manager Interviews
    https://www.youtube.com/watch?v=tni7dQvQrmo

    Subscribe to our newsletter

    HedgeNordic: Your Single Access Point to the Nordic Hedge Fund Industry!

    Check your inbox now to confirm your subscription.

    Most read articles this week:
    • Systematic Strategies Thrive in the New Inflationary Climate
    • Follow Your Favourite Hedge Fund
    • Month in Review – April 2022
    • Evli’s Forest Fund Ready to Deploy Capital
    • Blockification
    • AFII Appoints Head of Portfolio Strategy
    • Recent
    • NHX
    • In Depth

    New Theme: Real Income Destruction

    17/05/2022

    Velliv Makes Further Inroads into Fintech

    17/05/2022

    Blockification

    16/05/2022

    Month in Review – April 2022

    12/05/2022

    Month in Review – April 2022

    12/05/2022

    Follow Your Favourite Hedge Fund

    11/05/2022

    Month in Review – March 2022

    13/04/2022

    Month in Review – February 2022

    10/03/2022

    New Theme: Real Income Destruction

    17/05/2022

    Blockification

    16/05/2022

    The Inflation Puzzle

    12/05/2022

    Systematic Strategies Thrive in the New Inflationary Climate

    12/05/2022
    Newsletter Subscription:
    Most Recent Posts:

    New Theme: Real Income Destruction

    17/05/2022

    Velliv Makes Further Inroads into Fintech

    17/05/2022

    Blockification

    16/05/2022

    Month in Review – April 2022

    12/05/2022

    The Inflation Puzzle

    12/05/2022
    Publisher

    Nordic Business Media AB
    Corporate No.: 556838-6170
    BOX 7285
    SE-103 89 Stockholm, Sweden

    VAT No.: SE-556838617001
    Tel.:+46 (0) 8 5333 8688
    Mob.: +46 (0) 7 06566688
    Email: info@hedgenordic.com

    STAY INFORMED

    HedgeNordic: Your Single Access Point to the Nordic Hedge Fund Industry!

    Subscribe to our newsletter:

    Check your inbox now to confirm your subscription.

    RSS Hedge Fund Job Digest
    • Fund Controller 17/05/2022
    • Operations/Process Reengineering 17/05/2022
    • Global Macro Structuring Analyst/Associate 17/05/2022
    • Director - Fund Accounting 17/05/2022
    • Vice President – Credit Risk Analyst Banks 17/05/2022
    • Fund Accountant - Analyst 17/05/2022
    • Director – Credit Officer 17/05/2022
    • Investment Fund Accounting Supervisor 17/05/2022

    Copyright © 2022 Nordic Business Media AB

    © 2022 Nordic Business Media AB
    • About
    • Cookie Policy
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.

    We are using cookies to give you the best experience on our website.

    HedgeNordic
    Powered by  GDPR Cookie Compliance
    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.

    Strictly Necessary Cookies

    Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

    If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.