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Nordic hedge funds end year on a positive note

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Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 1.1% in December, bringing year-to-date performance to +3.5%.

In terms of strategy attribution, gains were made across all sub-strategies with CTA and Equity strategies leading the way posting gains of 1.8 and 1.4 percent respectively.

For the year, Fixed Income strategies outpace other strategy groups by a wide margin with net gains of 8.4% followed by Equity and Multi-Strategy gaining 4.2% and 2.7% respectively. The only strategy group posting losses for the year is Fund of Funds showing a negative 1.2% return.

Among individual funds, the equity hedge funds from Atlant Fonder; Atlant Edge and Atlant Sharp Europe had a stellar month with gains of 9.2 and 8% respectively (see separate article). For the year to date, activist hedge fund Accendo (see separate article) comes out as the clear winner in absolute terms posting gains of 30% which follows on a very strong 2015 when the fund advanced 49%.

See full report below:

Picture (c): everything-possible-shutterstock.com

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Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

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