NHX Performance Review - July 2016 Funds count: 155 Month in Review Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, gained an estimated 1.5% in July. Year-to-date, the NHX Composite index has gained 1.9%. The Nordic hedge fund universe benefited from the risk seeking environment that characterized market action during the month with all sub-strategies contributing positively to performance. Equity hedge strategies outperformed gaining 2% on the month while CTAs continued its winning streak adding 1.3%. Multi-strategy funds gained 1.3% followed by fund of funds and fixed income hedge funds gaining 1% and 0.7% respectively.
Sub-Strategy and Country-by-Country Performance 10%
5%
8%
4%
6% 3% 4% 2% 2% 1%
0% -2%
0% NHX CTA
NHX Equities
NHX Fixed Income
MTD
NHX Multi-Strategy
NHX Fund O f Funds
NHX Composite
NHX Denmark
NHX Finland
YTD
NHX Norway
MTD
The NHX Composite gained an estimated 1.5% in July. Equity strategies led the way (+2%) followed by CTAs (+1.3%), Multi-Strategy (+1.3%), Fund of Funds (+1%) and Fixed Income (+0.7%).
NHX Sweden
YTD
On a country-by-country level, Norway was the strongest performer on the month followed by Denmark, Finland and Sweden. Denmark is by far the best performing country year-to-date.
NHX Composite Historical Monthly Returns (91% updated NAVs) JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
Year
2016
-1.07
0.32
0.23
0.31
0.56
0.11
1.45
2015
2.32
1.37
0.94
-0.18
0.43
-1.49
1.21
-1.51
-0.51
0.84
1.68
-0.48
4.63
2014
0.29
1.72
-0.1
0.05
1.25
0.27
-0.06
0.76
0.06
-0.05
1.17
0.04
5.5
2013
1.84
0.57
0.49
0.56
0.78
-1.31
0.69
-0.44
1
1.41
1
1.01
7.82
2012
1.73
1.44
0.24
-0.06
-0.35
-0.55
1.9
0.32
0.21
-0.61
0.42
0.89
5.68
2011
-0.2
0.48
0.25
1.33
-0.95
-1.52
0.03
-1.82
-1.01
0.7
-0.46
0.56
-2.6
2010
0.31
0.09
1.8
0.77
-1.56
-0.71
0.71
0.4
1.6
1.06
0.31
3.34
8.34
2009
0.47
-0.37
1.14
2.41
2.95
0.03
1.94
1.49
1.72
0.14
0.75
0.61
14.04
2008
-1.1
1.82
-0.79
0.5
1.2
-1.54
-1.37
0.09
-4.35
-3.61
-0.54
-0.46
-9.85
2007
1.13
0.18
0.96
1.46
1.08
0.28
-0.42
-1.45
0.87
1.09
-1.54
0.32
3.99
2006
1.72
0.73
2.17
0.98
-1.25
-0.05
-0.22
0.95
0.68
1.02
1.45
2.02
10.63
2005
0.76
1.45
0.37
-0.57
1.25
1.66
1.51
0.5
1.72
-1.43
1.67
1.99
11.37
1.91
Nordic Business Media AB | Corporate No.: 556838-6170, Stockholm SE-103 89 | Phone: +46 (0) 8 5333 8688 | Email: kamran@hedgenordic.com There is a substantial risk of loss in trading commodity futures, options and off-exchange foreign currency products. Past performance is not indicative of future results.