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Atlant’s Stability “Runs Like a Clock”

Report: Systematic Strategies

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Stockholm (HedgeNordic) – In the ever-changing hedge fund landscape with a constant flow of launches and closures, some long-running hedge funds keep getting more mature and continue to mark significant milestones. Atlant Stability, the second-largest fund within the Atlant Fonder fund family, is just one week away from celebrating its 15-year anniversary. The fund enjoyed 14 consecutive years of positive performance.

Atlant Stability operates as an actively managed fixed-income fund, with a primary focus on higher-quality corporate bonds. The fund also utilizes derivatives to manage duration risk and hedge against fluctuations in underlying interest rates, as well as employs stock market derivatives to mitigate exposure to market downturns and crashes. 

“The fund runs like a clock so far in 2023, so hopefully we will see more of the same going forward.”

Founded and managed by head portfolio manager Anders Kullberg, joined by portfolio managers Taner Pikdöken (pictured left) in 2016 and Nikos Georgelis (pictured right) in 2018, Atlant Stability has generated an annualized return of 2.7 percent since launching its launch in 2008. The hedge fund enjoyed 14 consecutive years of positive performance until the streak was interrupted in 2022, when it experienced a modest decline of 2.8 percent.

“Time flies, and we hope the coming 15 years will be just as successful as the last 15.”

With a 4.4 percent gain in 2023, Atlant Stability has already recouped its minor setback in 2022. “The fund runs like a clock so far in 2023, so hopefully we will see more of the same going forward,” says Anders Kullberg. “Time flies, and we hope the coming 15 years will be just as successful as the last 15,” he emphasizes. The fund’s inception-to-date journey has been “very successful,” according to Kullberg, with Atlant Stability being the only hedge fund in Sweden to achieve 14 consecutive years of positive returns.

“The fund’s objective is to give a steady return with low volatility and predictability, an objective that has so far been accomplished,” argues Kullberg. Atlant Stability aims to produce stable returns of about three percent above the risk-free rate, maintain low correlations with broader markets, and generate positive returns in at least 80 of all calendar months. Despite an unusually challenging year for Atlant Stability in 2022, during which the fund incurred losses in eight out of the 12 months (totaling a decline of 2.8 for the year), the fund has generated an annualized return of 2.74 percent since inception, with 81 percent of months showing positive returns.

Atlant Stability currently manages SEK 1.6 billion in assets, representing 21 percent of Atlant Fonder’s total assets under management. Stability is the second-largest fund within the fund boutique’s product range after Atlant Opportunity, which oversees SEK 5.4 billion in assets. Atlant Opportunity represents a higher-risk, higher-return version of Atlant Stability, targeting an annual return that exceeds the yield on the 90-day Swedish treasury bills by at least five percent with low volatility. Despite a 4.9 percent decline in 2022, the fund has delivered an annualized return of 4.2 percent since launching on January 1, 2016.

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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

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