- Advertisement -
- Advertisement -

Related

Nordic Fixed-Income Hedge Funds Trying to Steady Ship in March

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Nordic fixed-income hedge funds, as measured by the NHX Fixed Income Index, gained 0.1 percent in March, taking the performance for the first quarter of 2018 back into positive territory at 0.1 percent. Nordic fixed-income strategies as a group lost 0.5 percent in February, putting an end to a 23-month streak of positive performance.

Speedometer: The March performance of the NHX Fixed Income Index relative to its best and worst monthly performance since 2005 (Source: HedgeNordic).

In contrast to their Nordic peers, global fixed-income hedge funds recorded losses for a second consecutive month in March. The Eurekahedge Fixed Income Hedge Fund Index, an equally-weighted index of 320 fixed-income hedge funds, was down 0.1 percent in March, bringing the performance for 2018 down to 0.6 percent.

Around 44 percent of the 25-member NHX Fixed Income Index enjoyed positive performance in March. Nykredit MIRA Hedge Fund, awarded the top prize in the fixed-income category at this year’s HFMWeek European Hedge Fund Performance Awards, was the biggest gainer among Nordic fixed-income hedge funds in March. The fund gained 4.9 percent for the month, recouping the losses incurred in the first two months of the year (up 0.7 percent in Q1).

Source: HedgeNordic.

Danish fixed-income arbitrage fund CABA Hedge was up 3.5 percent in March, taking its performance for the first quarter back into positive territory (up 0.3 percent in Q1). Formuepleje Fokus, which mainly invests in Danish mortgage bonds, gained 1.9 percent in March (down 0.1 percent in Q1).

Three young fixed-income hedge fund dominated March’s list of underperformers. Nykredit EVIRA Hedge Fund was down 2.7 percent in March, extending its losses for the first quarter to 4.0 percent. Asgard Fixed Income Risk Premia and Asgard Credit Fund, winner of this year’s Rookie award, were both down 1.4 percent in March (down 2.8 percent and 3.3 percent in Q1).

Source: HedgeNordic.

Picture ©: Romolo-Tavani—shutterstock.com

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

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.