Stockholm (HedgeNordic) – Antiloop Hedge wrapped up its journey as a multi-strategy vehicle at the end of August, with the Antiloop team gearing up to launch two separate strategies as standalone funds by year-end. Anna Svahn will spearhead her tactical asset allocation strategy, Cygnus, as a standalone Luxembourg-domiciled fund, while Martin Sandquist will oversee his multi-asset global macro strategy within a separate fund.
“This is what we wanted from the beginning – to run individual strategies as independent funds,” Anna Svahn (pictured alongside Martin Sandquist and Peter Dahlberg, a co-founder not operationally active in the company) tells HedgeNordic. “We couldn’t do that because of the high costs of running a Swedish-domiciled fund, so we combined different strategies into a multi-strategy fund,” she elaborates. Although adopting a multi-strategy approach can enhance risk-adjusted returns by employing different and often uncorrelated strategies, such an approach can also overshadow the performance of individual strategies if others underperform.
“This is what we wanted from the beginning – to run individual strategies as independent funds.”
With Karl-Mikael Syding, formerly responsible for a fundamental long/short equity strategy, no longer part of Antiloop, Anna Svahn and Martin Sandquist, backed by CTO Tobias Hagström, are set to launch two Luxembourg-domiciled funds later this autumn. “We have been working on this transition throughout the summer and expect to launch in a couple of months,” says Svahn. According to Hagström, “moving to a Luxembourg structure will also improve the cost structure of the asset management firm.”
“We have been working on this transition throughout the summer and expect to launch in a couple of months.”
Svahn will manage her tactical asset allocation strategy, Cygnus, which will reflect a 50 percent systematic long-only exposure to agricultural commodities, stocks and gold, coupled with a 50 percent discretionary allocation to long and short positions across the same asset classes. Relying on a combination of statistical and fundamental analysis, Cygnus will provide exposure to a long-biased diversified portfolio of equities, commodities and precious metals.
Martin Sandquist, one of the co-founders of Lynx Asset Management and now a co-founder of Antiloop, will oversee his multi-asset global macro strategy. This strategy also applies a discretionary-systematic hybrid approach and aims to capture a broad spectrum of patterns, either through discretionary or systematic means, across fixed income, foreign exchange, stock indices, and commodities.
Despite closing down Antiloop Hedge, the core idea behind Antiloop and their soon-to-be-launched funds remains rooted in their belief in a commodity supercycle and a commitment to diversification beyond stocks and bonds. “We continue to believe that the current inflationary regime will persist in the future and investor portfolios will need more inflationary-protective asset classes such as commodities,” concludes Sandquist. “Our belief in the continuation of the inflationary regime and the commodity supercycle remains intact.”