- Advertisement -

Related

Hedge Fund Journal: Calculo Best in Commodity Trend Following

- Advertisement -

Stockholm (HedgeNordic) – Calculo Evolution Fund, a pure commodity trend-follower based in Denmark, has been recognized as the “Best Performing Commodity Trend Follower” over both two and five-year periods by the Hedge Fund Journal. While many vehicles using trend-following algorithms experienced a setback in 2023 after impressive performance in 2022, Calculo Evolution Fund managed to only dip 2.2 percent in 2023 after achieving its best yearly return of 15.1 percent in 2022.

“This award is a testament to our hard work and dedication to excellence in the commodities market,” remarks Philip Engel Carlsson, the founder of Calculo Capital and the architect behind the strategy powering Calculo Evolution Fund. “Achieving this distinction over both short and long term is particularly significant. It reflects our sustained commitment to not just performance, but superior risk-adjusted returns,” he continues. “Our strategic focus ensures that we not only capitalize on trends but do so in a manner that prioritizes stability and resilience.”

“Achieving this distinction over both short and long term is particularly significant. It reflects our sustained commitment to not just performance, but superior risk-adjusted returns.”

Philip Engel Carlsson, founder of Calculo Capital

Calculo Capital’s trend-following strategy is designed to capture price trends in underlying commodities by trading futures. The strategy focuses on trading the most liquid commodities, spanning energy, metals, agricultural commodities, and softs such as coffee, cocoa, and sugar, among others. Based at the Charlottenlund Palace just outside Copenhagen, Calculo Capital employs a systematic strategy aimed at capturing smaller, short-term trends within larger trends across commodities markets.

This strategy design focused on smaller, shorter-term trends has allowed Calculo Evolution Fund to minimize drawdowns. Since its inception in August 2018, the commodity-focused trend-following vehicle has experienced a maximum drawdown of 6.7 percent. Over more than five years since its launch, Calculo Evolution Fund has delivered an annualized return of 3.4 percent.

Calculo Capital recently introduced a higher risk, higher return version of Calculo Evolution Fund, which became available to external investors in January of 2023. Calculo Evolution Fund 2x recorded its best month in April this year with a return of 5.3 percent, driven by a 3.0 percent contribution from coffee markets. Despite operating with double the volatility of the original strategy, Calculo Evolution Fund 2x incurred only a 3.2 percent loss in the challenging market conditions for trend-followers in 2023.

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

Operational Challenges in Asset Management: Insights From Roundtable Discussion

Running a hedge fund has never been just about managing investments. For emerging and established managers alike, building an efficient, resilient and scalable operating...

Nordic CTAs Give Back Gains After Strong Late-Summer Run

After two particularly strong months in August and September, the NHX CTA Index took a breather in October, posting a loss as setbacks in...

Fenja Capital Hires Investment Manager to Pursue European Opportunities

Danish boutique Fenja Capital, which specializes in providing tailored financing solutions to listed micro-, small- and mid-cap companies in a market-neutral setting, has strengthened...

Private Companies Outlook: Growth Beyond Buyout and Venture

By Brian Kelly at Baillie Gifford: Most private equity outlooks focus on expected returns, distributions, continuation funds, private credit and, more recently, the ‘SaaSpocalypse’1....

Gersemi Shipping Rallies on Shift Towards Short-Term Trading

After a challenging first eight months of the year, Joakim Hannisdahl’s shipping-focused long/short equity fund, Gersemi Shipping Fund, has staged a strong recovery since...

Choosing the Deals, Reducing the Fees: Evli’s Approach to Co-Investing

A more challenging private equity fundraising environment is creating opportunities for co-investors, as managers increasingly turn to investors to help finance individual deals. For...

Allocator Interviews

Voices

Request for Proposal

- Advertisement -