- Advertisement -

Related

Nordic hedge funds march on in March

- Advertisement -

Stockholm (HedgeNordic) – Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 0.37% in March (79% reported), bringing the year-to-date performance to 1.53%.

The month was characterized by a positive sentiment overall for Nordic hedge funds with all NHX sub-categories but one showing positive returns. Multi-strategy and fixed income strategies performed particularly well with gains of 0.99% and 0.83% respectively. NHX CTA was the only category in negative territory by month-end showing a net loss of -0.61%.

For the year, fixed income strategies are in a comfortable lead (+3.24%) while CTAs remain the worst performing strategy group and the only one to be negative for the first three months of 2017, posting losses of 2.03%.

Among individual winners, the short-term CTA fund from Estlander, Presto, managed to excel in a difficult month for the strategy group as the currency and equity sectors offered good opportunities for the program. Presto gained 7.58% on the month. Other funds standing out from the crowd in March included Asymetric Global Macro (+7.27%) and IPM Systematic Macro (+6.25%).

Among negative performers were Estlanders Alpha Trend II (-8.07%) and the Alfa Axiom Fund (-7.08%). The activist hedge fund Accendo also had a weak showing giving back some of the recent strong profits (-4.3%). For the year-to-date, Accendo however remains firmly in positive territory with gains of 4.02%.

On a country-by-country level, Norway (+1.16%) was the strongest performer during the month followed by Denmark (+0.84%) and Sweden (+0.25%). Finland (-0.39%) was the only country recording losses as negative numbers from Estlander, HCP and Gramont weighed on performance.

The full version of the monthly NHX report to be downloaded below:

 

Picture (c): Michael-Rosskothen – shutterstock.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

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

Latest Articles

How CABA Capital Is Navigating the New Operational Demands

The role of the chief operating officer at hedge fund boutiques has changed significantly over the past decade. For Mette Østerbye Vejen, Chief Executive...

Joakim Hannisdahl Takes His Quantitative Playbook From Shipping to Crypto

Joakim Hannisdahl is best known for his work in the highly cyclical shipping industry. After several years as a sell-side shipping analyst, he moved...

Tidan Capital Launches UCITS Version of NOVA

Swedish multi-strategy boutique Tidan Capital has launched a UCITS version of its NOVA volatility arbitrage strategy, broadening access to the strategy among institutional investors....

Folketrygdfondet on the Enduring Case for 60/40

The traditional 60/40 portfolio, combining the complementary roles of equities and bonds, remains a central reference point in institutional portfolio construction. Few investors have...

Adrigo Moves to Long-Only Approach in New Phase

Staffan Östlin stepped down from his role as portfolio manager of Adrigo Small & Midcap L/S during the summer, with responsibility for the fund...

Insurance Risk as a Source of Portfolio Diversification

HedgeNordic welcomed 15 institutional investors and investment professionals to ILS Day Stockholm, bringing together allocator and manager perspectives on the role of insurance-linked investments...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -