Wed, Apr 1, 2015
A A A
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 HedgeNordic.com, covering the Nordic hedge fund universe. As of December 27th it is made up of 122 individual Nordic hedge funds.

Hedge Nordic

Press Release

BM

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner