- Advertisement -
- Advertisement -

Related

Another Mixed Month for Nordic CTAs

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Nordic CTAs enjoyed a strong first half of June only to see trends reverse in the second half – and profits evaporate – as inflation worries gave way to recession fears. Even so, Nordic CTAs as a group edged up 0.2 percent in June to bring their performance for the first half of 2022 to 5.5 percent as markets recorded one of the worst first half-year performances in over fifty years.

Lynx Asset Management’s systematic trend-following vehicle has been one of last month’s and this year’s best performers within the Nordic hedge fund universe, with Lynx (Sweden) advancing 5.1 percent in June to end the first half of 2022 up 35.8 percent. “Lynx was solidly profitable in June as gains in fixed income, equities and foreign exchange outweighed a loss in commodities,” writes Lynx Asset Management in a letter to investors.

Lynx (Sweden), one of the oldest members of the Nordic Hedge Index, recorded its best first half-year since launching back in 2000. The fund is powered by the Lynx Programme, which uses both trend-following models and diversifying models to catch trends across markets and reduce drawdowns in non-trending environments. All of the fund’s models – short-term, medium-term and long-term trend models, as well as short-term, medium-term and long-term diversifying models – delivered positive returns both in June and year-to-date.

Volt Diversified Alpha Fund, which relies on a fundamental-focused systematic trading program to capture price moves motivated by changes in underlying economic factors, also enjoyed strong performance in June. The fund gained 4.7 percent in June to end the first half of 2022 up 7.4 percent, as the rapid shift in market outlook in mid-June was beneficial for its Volt program. “In mid-June, inflation suddenly became yesterday’s fear,” writes the Volt team. “Instead, markets decided that currently signaled interest rate policies will trigger a global recession.” Equity and commodity markets fell in response, while bond markets rallied.

SEB’s quant-driven trend-follower, SEB Asset Allocation, ended the first six months of 2022 up 17.8 percent after gaining 4.2 percent in June. Mandatum Asset Management’s managed futures fund, meanwhile, booked a monthly advance of 2.7 percent for June after advancing 8.9 percent in the first half of the month. Mandatum Managed Futures Fund, which uses machine learning algorithms that select the right combination of momentum-based models for a given environment, ended the first half of the year in positive territory at 0.6 percent. The recently-launched Wavebreaker Fund, which employs a quantitative trend-following strategy combined with a systematic asset allocation strategy complemented by discretionary macro overlays, was up 1.3 percent in June to bring its inception-to-date advance to 5.4 percent.

 

Photo by Susan Q Yin 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

Small But Mighty: Norwegians Lead Performance Tables

While Sweden and Denmark may dominate the Nordic hedge fund industry in terms of assets under management, 2025 has so far belonged to Norway....

Avanto Right Tail Crosses 100% Since Inception

Lars Mikelsen, portfolio manager of Avanto Right Tail, runs a strategy designed to capture extreme upside events through concentrated bets on themes such as...

Nordic Hedge Funds Extend Solid Run Through Summer

Nordic hedge funds continued their strong run since May, closing out the summer on a positive note with an average gain of 0.5 percent...

Pasi Havia Bids Farewell to HCP, Quant Strategy Carries On

After more than a decade at Helsinki Capital Partners (HCP), portfolio manager Pasi Havia has stepped down from his role, leaving behind the management...

Fresh Talent, New Funds: ALCUR Expands Reach in Retail Segment

After a wave of portfolio manager hires earlier this year, stock-picking fund boutique ALCUR Fonder is preparing to launch several new funds aimed at...

Quirky Questions for Kathryn Kaminski (AlphaSimplex)

Not every hedge fund conversation needs to revolve around performance charts or trade execution. In HedgeNordic’s Quirky Questions series, we look beyond the strategies to the...

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.