nhx-mar2016

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NHX Performance Review - March 2016

NHX Performance Review - March 2016

Month  in  Review

Top  Performing  Managers  (%)  -­  March  2016

Nordic  hedge  funds  gained  an  estimated  0.1%  in  March  2016  bringing  year-­to-­date  performance  to  -­0.6%.

7KH PRQWK ZDV FKDUDFWHUL]HG E\ DQ LPSURYHG PDUNHW VHQWLPHQW VHQGLQJ ULVN DVVHWV DQG WKH SULFH RI RLO KLJKHU 7KLV EHQH¿ WHG HTXLW\ DQG ¿ [HG LQFRPH VWUDWHJLHV ZKLOH KXUWLQJ PDQDJHG IXWXUHV VWUDWHJLHV 1+; &7$ ZDV WKH ZRUVW SHUIRUPLQJ VXE FDWHJRU\ JLYLQJ EDFN SDUW RI WKH JDLQV VHHQ LQ -DQXDU\ DQG )HEUXDU\ WKH VWUDWHJ\ JURXS LV KRZHYHU VWLO WKH ELJ ZLQQHU RI WKH \HDU VR IDU &7$ ORVVHV ZHUH EDODQFHG E\ JDLQV DPRQJ ¿ [HG LQFRPH PDQDJHUV DQG D UHFRYHU\ LQ HTXLW\ OLQNHG VWUDWHJLHV

Sub-­Strategy  &  Country-­by-­Country  Performance The  NHX  Composite  gained  0.1%  in   March.  *DLQV LQ ¿ [HG LQFRPH DQG HTXLW\ VWUDWHJLHV ZHUH EDODQFHG E\ ORVVHV LQ &7$ )XQG RI IXQGV KDG D QHJDWLYH month  (-­0.7%)  while  multi-­strategy  fund  UHFRUGHG JDLQV

2013 Â 2013

2 MTD

YTD

12M Â ROR

Total  Return

St. Â Dev.

Sharpe

Sector  Zen  Fund

6.03

-­9.44

-­9.97

131.67

4.25

0.64

Storm  Bond  Fund

6.00

0.55

-­5.25

26.82

3.32

0.33

'DQVNH ,QYHVW +HGJH )L[HG ,QFRPH

5.12

1.11

5.27

259.02

2.63

1.30

1RUGHD $OSKD )XQG

4.98

8.15

6.62

39.63

3.74

0.34

HCP  Focus  Fund

4.96

-­4.84

2.88

75.40

4.69

1.12

2 YTD

 MTD

12M Â ROR

Total  Return

St. Â Dev.

Sharpe

(VWODQGHU 3DUWQHUV $OSKD 7UHQG ,, &ODVV 3

18.25

-­11.88

-­5.92

13.16

11.40

0.24

530 (YROYLQJ &7$ )XQG

10.14

-­2.20

-­3.69

24.70

4.43

0.58

IPM  Systematic  Macro  Fund

10.14

-­1.65

11.28

147.95

3.08

0.93

$V\PPHWULF ± *OREDO 0DFUR )XQG

9.09

2.71

9.05

33.25

4.64

0.62

1RUGHD $OSKD )XQG

8.15

4.98

6.62

39.63

3.74

0.34

.&*1

Top  Performing  Managers  (%)  -­  Year  To  Date  2016 -&*1

2013 Â 2013 ,&*1

+&*1

*&*1

'+&*1

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On  a  country-­by-­country  level,  Denmark  and  Norway  gained  while  Finland  and  Sweden  posted  losses.  On  the  year,  all  country  sub-­inidices  are  in  the  red.

! ! ! ! ! ! ! !

ZZZ KHGJHDZDUG FRP

NHX  Composite  Historical  Monthly  Returns $SU

May

Nordic Hedge Award 2015

1RUGLF +HGJH $ZDUG $SULO WK 6WRFNKROP

Jan 2

Feb

Mar

Jun

Jul

$XJ

Sep

Oct

Nov

Dec

YTD

2016

-­1.0%

0.3%

0.1%

2015

2.3%

1.4%

0.8%

-­0.2%

0.4%

-­1.6%

1.2%

-­1.7%

-­0.5%

0.8%

1.8%

-­0.5%

4.6%

2014

0.1%

1.5%

-­0.2%

0.0%

1.2%

0.2%

-­0.2%

0.6%

0.2%

-­0.2%

1.2%

0.0%

4.1%

2013

1.9%

0.4%

0.1%

0.6%

0.7%

-­1.1%

0.6%

-­0.4%

1.1%

1.2%

1.1%

0.9%

 7.6%

2012

1.7%

1.3%

0.0%

-­0.2%

-­0.5%

-­1.4%

2.0%

0.4%

0.1%

-­0.4%

0.3%

1.0%

 4.4%

2011

-­0.4%

0.3%

0.4%

1.3%

-­0.9%

-­1.3%

-­0.1%

-­1.8%

-­1.2%

0.3%

-­0.3%

0.3%

 -­3.5%

2010

0.4%

-­0.1%

1.5%

0.8%

-­1.8%

-­0.7%

0.6%

0.1%

1.4%

0.8%

0.0%

3.1%

 6.2%

2009

0.8%

0.1%

1.5%

3.2%

2.3%

0.3%

1.4%

1.3%

1.5%

0.2%

0.5%

1.0%

 15.0%

2008

-­1.2%

1.3%

-­0.9%

0.1%

1.2%

-­1.8%

-­1.2%

-­0.2%

-­4.5%

-­3.5%

-­0.6%

-­0.3%

 -­11.1%

2007

0.7%

0.0%

0.9%

1.4%

1.1%

0.2%

-­0.4%

-­1.8%

1.0%

1.3%

-­1.6%

0.2%

 2.8%

2006

1.5%

0.6%

1.7%

1.1%

-­1.5%

-­0.3%

-­0.1%

0.6%

0.2%

0.7%

1.4%

1.8%

 7.9%

-­0.6%

VXSSRUWHG E\

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NHX Performance Review - March 2016

NHX Performance Review - March 2016

1+; (TXLW\ 7RS 3HUIRUPLQJ 0DQDJHUV 0DUFK

Disclaimer

2013 Â 2013

2 MTD

YTD

12M Â ROR

Total  Return

St. Â Dev.

Sharpe

Sector  Zen  Fund

6.03

-­9.44

-­9.97

131.67

4.25

0.64

HCP  Focus  Fund

4.96

-­4.84

2.88

75.40

4.69

1.12

0DGUDJXH (TXLW\ /RQJ 6KRUW

4.51

-­0.74

1.16

33.79

2.59

0.82

$FFHQGR

4.42

7.26

25.51

125.81

4.08

0.78

2ULJR 4XHVW &ODVV $

3.46

1.45

29.19

69.26

3.26

1.53

1+; )L[HG ,QFRPH 7RS 3HUIRUPLQJ 0DQDJHUV 0DUFK 2013 Â 2013

2 MTD

YTD

12M Â ROR

Total  Return

St. Â Dev.

Sharpe

Storm  Bond  Fund

6.00

0.55

-­5.25

26.82

3.32

0.33

'DQVNH ,QYHVW +HGJH )L[HG ,QFRPH

5.12

1.11

5.27

259.02

2.63

1.30

'DQVNH ,QYHVW +HGJH 0RUWJDJH $UELWUDJH

4.54

1.91

3.95

51.57

1.95

0.54

$VJDUG )L[HG ,QFRPH )XQG

4.41

2.82

3.47

424.43

1.95

1.97

'DQVNH ,QYHVW )L[HG ,QFRPH 5HODWLYH 9DOXH

3.49

-­0.43

5.05

40.55

1.75

1.60

NHX  Multi  Strategy  -­  Top  Performing  Managers  (%)  -­  March  2016 2013  2013

2 MTD

YTD

12M Â ROR

Total  Return

St. Â Dev.

Sharpe

1RUGHD $OSKD )XQG

4.98

8.15

6.62

39.63

3.74

0.34

Formuepleje  Penta

3.52

-­2.29

-­6.78

29.16

8.58

0.27

1RUGHD 0XOWL $VVHW )XQG

3.27

5.44

5.75

17.93

2.16

0.49

Formuepleje  Safe

3.15

-­1.83

-­7.67

149.49

6.22

0.50

$V\PPHWULF Âą *OREDO 0DFUR )XQG

2.71

9.09

9.05

33.25

4.64

0.62

1+; 0DQDJHG )XWXUHV &7$ 7RS 3HUIRUPLQJ 0DQDJHUV 0DUFK 2013 Â 2013

2 MTD

YTD

12M Â ROR

Total  Return

St. Â Dev.

Sharpe

MG Â Commodity

0.94

1.83

11.13

41.63

0.87

3.25

/\Q[

-­0.10

5.65

-­11.74

525.39

4.19

0.87

Estlander  &  Partners,  Presto

-­0.49

2.63

-­10.08

-­13.15

2.85

-­0.52

$/)$ &RPPRGLW\ )XQG

-­1.44

6.82

-­4.00

43.43

4.10

0.51

IPM  Systematic  Currency  Fund

-­1.50

6.91

9.52

61.19

2.65

0.52

St. Â Dev.

Sharpe

NHX  Fund  of  Funds  -­  Top  Performing  Managers  (%)  -­  March  2016 2013  2013

2 MTD

YTD

12M Â ROR

Total  Return

$WODQW 0XOWL 6WUDWHJ\ ,QWHUQDO

0.59

-­3.03

-­

-­3.03

1.78

-­1.97

Formuepleje  Merkur

0.41

-­2.84

-­8.75

6.07

2.31

0.31

230 9HJD 1RUGLF +HGJH

0.17

0.32

0.90

50.49

0.97

0.96

0HUUDQW $OSKD 6HOHFW 86'

0.00

-­0.03

2.93

39.09

0.46

3.10

Sector  Polaris  Fund

-­0.03

-­3.67

-­0.68

55.02

1.59

0.81

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