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From the Opalesque Team: The SIX HARCOURT HFXS Equally Weighted index returned 1.64% in July-09, 9.7% YTD, and 70.9% since its 01-Jan-01 inception.The SIX HARCOURT HFXS Asset Weighted returned 1.69%, 10.1% YTD and 70.8% since inception.
That is compared to the OMRX Total Market Index (complete index of the Swedish National Debt Office's and the mortgage institutions' borrowings in Sweden) which returned 0.74%, 1.3% and 51.6% in the same periods and the SIX Return Index (Market Capitalization weighted index constructed to track the total performance of companies quoted on the Stockholm Stock Exchange) which returned 10.36%, 37.3%, and 25.8%.
The SIX HARCOURT HFXS Asset Weighted index was positive each year since inception, except for 2008 when it was down only 3.7%.
According to the latest Harcourt / SIX Telekurs report, as of July, the total number of onshore Swedish hedge funds amount to 62, out of which 45 are included in the SIX Harcourt HFXS Index. The 17 funds not currently included in the index do not meet the inclusion criteria (i.e. asset size above SEK50m (US$6.9m) and track record exceeding 6 months).
After the last month's marginal decline, the Swedish hedge fund market is now rising again, as 35 out of 45 hedge funds reported positive returns in July. The best performing fund generated 12.10% while the worst performing fund was down by -7.28%. The equity market is continuing to move strongly upwards, with the SIX Return Index endi...................... To view our full article Click here
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