Mon, Oct 5, 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. Performance - Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September, Risky strategy sinks small hedge fund[more]

    Hedge fund moguls Einhorn, Loeb, Rosenstein lose money in September From Billionaire stock pickers David Einhorn, Daniel Loeb and Barry Rosenstein on Wednesday told their wealthy investors they lost money in September as market turmoil inflicted more pain on some of America'

  2. Opalesque Exclusive: IRAs represent billions of untapped capital for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Retirement accounts might not be the first source that comes to mind for those looking to raise funds, but they may represent billions of untapped capital. Unlike traditional retirement accounts,

  3. Opalesque TV: One way to access market hedge funds in the EU under the AIFMD radar[more]

    Benedicte Gravrand, Opalesque Geneva: While the Cayman Islands, the US and Hong Kong await the pan-European marketing passport to be extended to alternative investment fund

  4. Vilas’ equity long bias hedge fund generates market-beating results[more]

    Komfie Manalo, Opalesque Asia: The Vilas Fund, an equity long bias fund managed by Chicago, Illinois-based Vilas Capital Management, posted five-year annualized returns, net of fees, of 23.47% vs. 15.87% for the S&P 500 Index, including divid

  5. Performance - Manager admits spin used to hide poor performance, Fortress macro hedge fund slumps 17.2% amid manager shakeup, In the hedge fund world, bigger is still better[more]

    Manager admits spin used to hide poor performance From … Colin McLean, managing director of SVM Asset Management, told FTAdviser that fund managers underperform all the time, so stories are often needed to mask or explain this. “People need to build a good framework