Stockholm (HedgeNordic) – Lynx Asset Management has been named “Fund Company of the Year” by Swedish business magazine Privata Affärer. The distinction comes after Lynx Asset Management’s trend-following program achieved its second-best year on record in 2022, a difficult year for most asset classes and money managers.
“The company’s mathematical models diversify savings portfolios and contribute to returns even in tough times,” Privata Affärer says on the decision to distinguish Lynx Asset Management as the “Fund Company of the Year.” With a return of about 36 percent in 2022, the Swedish-domiciled Lynx Fund – the oldest-running hedge fund in Sweden – was the third-best performing fund in the Nordic hedge fund industry last year.
Lynx Fund enjoyed its second-best annual performance since its launch in 2000, only trailing the 42 percent advance booked in 2008. The Lynx Program powering the fund relies on trend-following models to catch trends across different timeframes in various asset classes and diversifying models to reduce drawdowns in non-trending environments. While constantly developing its trend-following Program, Lynx Asset Management stays true to its main objective of delivering strong returns with a negative correlation to equities in risk-off environments.
“We are a systematic manager. This means that ongoing buying and selling decisions are made by mathematical models instead of by humans,” Martin Källström, partner and senior managing director at Lynx, tells Privata Affärer. “Our managers and analysts focus on refining the strategy by developing new models or expanding the number of markets.” Källström told HedgeNordic in late 2022 that “the Lynx Program is constantly developing – and hopefully improving; as the market dynamics and the opportunity set change, we adapt to the new environment.”
The quant manager’s trend-following program also provided a strong return contribution to Brummer Multi-Strategy’s 7.0 percent advance in 2022. Lynx Asset Management is partly owned by Brummer & Partners, which has its multi-manager, multi-strategy vehicle invested in the trend-following strategy operated by Lynx. “Congratulations Lynx Asset Management for the “Fund Company of the Year” distinction. Thank you for your valuable contribution to Brummer Multi-Strategy’s good, risk-adjusted return in 2022,” the team behind Brummer Multi-Strategy comments on Lynx Asset Management’s distinction.