- Advertisement -

Related

Month In Review – June 2018

Powering Hedge Funds

Stockholm (HedgeNordic) – Nordic hedge funds had a mixed performance in June, with relatively strong performance on the part of CTAs and mild losses incurred by equity and multi-strategy hedge funds. The Nordic Hedge Index (NHX), currently comprising 165 members, fell 0.2 percent last month (88 percent reported), ending the first half of 2018 up at 0.1 percent (view the NHX monthly review).

Only one of the five NHX sub-categories ended the month of June in the green, with Nordic CTAs delivering solid gains as a group. Equity-focused hedge funds fell 0.4 percent last month, shaving off year-to-date gains to 0.6 percent. Nordic CTAs gained 1.1 percent, recovering some lost ground after the steep loss incurred in February (down 2.1 percent in the first half of 2018). Fixed-income hedge funds were down 0.1 percent, taking the performance for the first two quarters of this year to 0.3 percent. Multi-strategy and funds of hedge funds were down 0.5 percent and 0.3 percent, correspondingly. Multi-strategy funds gained 0.4 percent in the first half of the year, whereas funds of hedge funds fell 1.3 percent over the same period.

Alfa Axiom Fund, a systematic trend-following CTA fund, was the best-performing member of the NHX in June with a gain of 10.2 percent. Value-oriented fund Pandium Global gained 4.5 percent, while long/short equity hedge fund Adrigo Small & Midcap L/S returned 3.9 percent. Trend-following funds SEB Asset Selection Opportunistic and Lynx (Sweden) were up 3.7 percent and 3.2 percent, respectively.

Activist fund Accendo Capital was down 8.5 percent in June and market-neutral equity fund DNB ECO Absolute Return fell 5.3 percent. Nykredit EVIRA, a hedge fund primarily investing in European corporate bonds, tumbled 4.1 percent last month.

 

Picture: (c) shutterstock.com—Francesco Carta fotografo

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

PIMCO: Similar Yields, Better Risk Profile in European High Yield

The U.S. high yield market has long been regarded as the global benchmark: deeper, more liquid, and broader in sector composition. For many allocators,...

Avoiding the Echo Chamber: Kraft’s Playbook in Tighter High-Yield Market

Delivering strong returns during a market rebound is one thing. Preserving performance momentum once spreads tighten and dispersion fades is another. That was the...

Tidan Deepens Volatility Arbitrage Expertise

Tidan Capital has strengthened its volatility and options arbitrage platform with the appointment of Laurent Keller as Senior Portfolio Manager. The Stockholm-based hedge fund...

Two Brothers, One Model, Ten Years: The Evolution of Othania

Exactly ten years ago, two brothers on the outskirts of Copenhagen set out to build their own asset management firm. Their idea was straightforward...

Rare Valuation Gap Between Small and Large Caps

Over the past five years, Swedish small caps have oscillated between a 10 percent premium and a 10 percent discount relative to large caps,...

Protean Eyes Sweet Spot Between Active and Passive in Global Equities

In the second half of 2026, Swedish stock-picking boutique Protean Funds plans to launch a Global Aktiesparfond, a low-cost, actively managed global equity fund...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -