Sat, Oct 10, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Swedish equity and Danish fixed income funds best Nordic performers in Novemeber

Friday, December 28, 2012
Opalesque Industry Update: With 2 in 3 Nordic Hedge Funds having reported their November performance by December 27th, the Nordic Hedge Fund Index (NHX) is up 0,26% for the month and 3,46% for the full year 2012. Best performing sub index for the month was NHX fixed income gaining 1,19% supported by 89% of funds that reported November results. Fixed Income hedge strategies are also the highest gainers for the year so far, the sub index up by nearly 12%.

Weakest performing sub index were Managed Futures and CTA, losing 1,54% for the month. 71% of managers having reported so far. CTA are also the only sub index in negative territory for the year, down by over half a per cent.

Three Swedish funds lead the performance table in November. Nordic Fund Managements Nordic Absolute Return Fund returned 5,73% (7,46% YTD)Prior Nilsson P&N Idea 4,19% (23,22% YTD) and Atlant Fonders Edge is up by3,6% (17,87% YTD).

All three funds are listed within the NHX equity strategy index, which gained 0,6% in November and is up 3,05% for the year.

Best performing fixed income funds are firmly in Danish hands: Danske Invest Hedge Fixed Income (+2,22% in November, + 31,76% YTD) was the largest advancer in the category ahead of Jyske Invest Hedge (1,88% MTD, 1,18% YTD) and HP Hedge (1,83%MTD, 16,7% YTD). No Nordic fixed income hedge fund listed in NHX database lost money in November.

Within Multi Strategy hedge funds Tanglin fund recorded the highest gains, up 1,46% month to date (9,48% YTD) ahead of WH Invest (1,43% MTD, 11,45% YTD) and Traction Yield (1,03% MTD, 3,78% YTD).

Within CTAs SEB Asset Selection recorded gains of 1,02% to make it the best performing Nordic Managed Futures fund for the month. The fund, managed by Hans-Olov Borneman however is still down 6,16% for 2012. Despite returning negative for November, two funds by ALFAKRAFT and Coeli Spektrum, all Swedish funds are at the top of the table for the full year 2012.

Less than half of Fund of Funds reported November returns so far. The best monthly performers are two Merrant funds ahead of Brummer & Partners Multi Strategy Fund; these three funds also make up the best yearly advancers within Fund of hedge funds.

Out of all 122 funds listed in NHX, the top 5 performers for 2012 based on absolute performance are Midgard Fixed Income Fund (31,96%), Danske Invest Hedge FI (31,76%), P&N Idea (23,22%), Danske Invest European Equities Absolute Return Fund (18,09%) and Atlant Fonder Edge (17,87%). Weakest performers out of the funds reported are Cresco (-22,23%), DNB TMT Absolute Return (-12,24%) and Stella Polaris (-11,69%).

The Nordic Hedge Fund Index (NHX) is an equal weighted hedge fund index composed and published by, covering the Nordic hedge fund universe. As of December 27th it is made up of 122 individual Nordic hedge funds.

Hedge Nordic

Press Release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with