- Advertisement -
- Advertisement -

Related

The 2x Version of Calculo Evolution

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Commodity-focused quantitative manager Calculo Capital has launched a higher risk, higher return version of its Calculo Evolution Fund. The original trend-following strategy profited from this year’s volatile commodity markets amid a slew of factors such as rising inflation, recession concerns, war and war-related disruptions to markets for critical raw materials, among others. The fund gained 13.6 percent so far in 2022.

“Calculo soft-launched a 2x volatility version of Calculo Evolution Fund in August 2022, which is opening up for external investors in January 2023,” founder and fund manager Philip Engel Carlsson tells HedgeNordic. “We have received investor interest in getting exposure to our steady performance but with greater volatility and a higher target return,” he explains. The new fund, which is built on the same principles as Calculo Evolution Fund, has a volatility target that corresponds to twice the volatility target of the original fund.

“Calculo soft-launched a 2x volatility version of Calculo Evolution Fund in August 2022, which is opening up for external investors in January 2023.”

Calculo Evolution Fund 2x has returned 7.5 percent over the four months since its soft launch in August, compared to a return of 3.8 percent for Calculo Evolution Fund over the same period. “For the new fund, we have a long-term target return of 12-15 percent annualized, with a volatility that is less than the long-term volatility of the broad equity indices,” says Carlsson. “Despite the higher volatility target, the fund will continue to be uncorrelated just like Calculo Evolution Fund. The new fund offering is simply a 2x mirror of the original fund.”

Launched in August 2018, Calculo Evolution Fund is a trend-following commodity fund that acts on trading signals automatically generated daily by a rules-based algorithm. Overseen by Carlsson out of the Charlottenlund region of Denmark, Calculo Evolution Fund exclusively focuses on the most liquid commodities, ranging from energy, metals, and agricultural commodities to softs such as coffee, cocoa, sugar, and others. The fund has generated an annualized return of 4.8 percent since inception with a 0.04 correlation with the MSCI World and a 0.32 correlation with the SG CTA Index, which is designed to capture the performance of the largest players in the trend-following managed futures space.

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

Tidan to Launch Confluence, Its Integrated Multi-Strategy Fund

Stockholm-based Tidan Capital is preparing to launch Confluence, a new multi-strategy vehicle that brings the boutique’s internally managed strategies under one umbrella. The fund,...

State Pension Fund of Finland Sees Strong Hedge Fund Gains

The first half of 2025 brought a complex market backdrop shaped by shifting macroeconomic trends, tariffs, geopolitical uncertainty, and volatile investor sentiment. Although returns...

Espiria Rolls Out Long-Only Fund Led by Staffan Östlin

After more than a decade of picking stocks on both the long and short side, veteran fund manager Staffan Östlin is now running a...

The “Magic of Three”: Protean Select Turns Milestone into Major Allocation

Reaching the three-year mark is a key milestone and often a turning point for any emerging hedge fund. For Protean Select, the opportunistic equity...

Twelve Years On, Nordkinn Expands with Two PMs and Advisor

Twelve years after its inception, Nordkinn Asset Management is entering a new growth phase, expanding its investment team with the appointments of Arian Kalantari...

Merger Cleared: Carlsson Norén to Transition Funds to UCITS

After nearly two decades as an independent fund manager, Carlsson Norén Asset Management is joining Meriti Capital, following regulatory approval from Finansinspektionen. Its two...

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.