- Advertisement -
- Advertisement -

Signs of Strong February for Nordic CTAs

- Advertisement -

Stockholm (HedgeNordic) – The year 2023 proved to be more challenging for most trend-following managers compared to the exceptional performance seen in 2022. However, February of this year is once again showing promise for the managed futures space, including the small group trend-followers from the Nordics. Lynx Asset Management’s trend-following vehicle, Lynx, is leading the pack with an advance of 7.3 percent through this mid-week, followed by RPM Evolving CTA Fund and SEB Asset Allocation with advances exceeding 5.0 percent.

The Swedish-domiciled Lynx has gained 8.8 percent so far in 2024 through February 27, mirroring last year’s decline of 8.9 percent This decline followed the trend-following vehicle’s second-best annual performance in 2022, with a notable advance of 35.9 percent. Lynx Asset Management’s Systematic Macro vehicle, which emerged as the best-performing Nordic hedge fund in January with a 6.9 percent gain, continued its solid performance into the first half of February, achieving a gain of 4.0 percent.

RPM Evolving CTA Fund, which invests in a select group of young and evolving CTA managers, has advanced by 5.7 percent month-to-date through February 26, bringing its year-to-date performance to 5.5 percent. SEB’s quant-driven trend-follower, SEB Asset Selection, gained 5.5 percent during the same period in February. However, the fund managed by SEB’s Quantitative Strategies and Liquid Alternatives team had a better start to 2024 and has advanced 9.2 percent year-to-date.

Mandatum Asset Management’s managed futures vehicle has also seen positive performance in February, with a 3.5 percent gain through February 26. Mandatum Managed Futures Fund, which uses machine learning algorithms to select the right combination of momentum-based models for a given environment, was among the few trend-following funds in the Nordics to finish 2023 in positive territory after two solid months towards the end of the year.

This encouraging outlook for Nordic trend-following CTAs primarily reflects the performance of daily-traded trend-followers. Performance reports from funds with monthly liquidity are expected to provide further insights into this month’s environment for trend-followers. Notably, the SG CTA Index, which tracks a pool of CTAs from the largest managers, indicates an estimated industry gain of 5.6 percent through the mid-week period.

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

Rhenman Embracing Change Amid an Ever-Changing Healthcare Sector

Stockholm (HedgeNordic) – The largest equity hedge fund in the Nordics with assets under management just shy of $1 billion, the Rhenman healthcare fund,...

Inside Ilmarinen’s Approach to Hedge Fund Allocation

Stockholm (HedgeNordic) – Ilmarinen, in a tight race with Varma as Finland’s largest earnings-related pension insurance company, has emerged as a noteworthy investor in...

Nordic Hedge Fund Industry Report 2024

Stockholm (HedgeNordic) – HedgeNordic’s Nordic Hedge Fund Industry Report kicks off with an analysis of the industry’s performance across different asset size ranges. This...

Smooth Sailing in Rough Seas

Stockholm (HedgeNordic) – Gersemi Shipping Fund has emerged as a notable recent addition to the Nordic hedge fund industry. However, the founder and manager...

Absolute Returns in Impact-Screened High-Yield Market

Stockholm (HedgeNordic) – While many high-yield bond investors prioritize avoiding defaults, there is one team in the Nordics that does not shy away from...

Hedge Funds as an Alternative, Uncorrelated Return Stream

Stockholm (HedgeNordic) – Norwegian Formue is the largest privately-owned wealth management firm in the Nordic region, overseeing over NOK 140 billion in assets under...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets


Request for Proposal

- Advertisement -