NHX Performance Review - October 2016 Funds count: 158 Month in Review Nordic hedge funds, as expressed by the Nordic Hedge Index NHX, were largely unchanged during the month of October, posting a net loss of 0.02%. Year-to-date, the NHX Composite index has gained 2.19%. In terms of strategy attribution, the month saw a continued downbeat mood within the CTA universe with the NHX CTA dropping another 2.54%, wiping out gains for the year. This was the third consecutive down-month for the strategy group. Elsewhere, Fixed Income strategies added to gains, climbing 0.64% to bring year-to-date returns to 6.53%. Multi-strategy funds also managed to eke out a positive month, gaining 0.34%. Equities and Fund of Funds were sligthly positive on the month gaining 0.19% and 0.14% respectively,
Sub-Strategy and Country-by-Country Performance 8%
6%
6% 4% 4% 2%
2%
0% 0% -2% -4%
-2% NHX CTA
NHX Equities
NHX Fixed Income
MTD
NHX Multi-Strategy
NHX Fund O f Funds
NHX Composite
NHX Denmark
NHX Finland
YTD
NHX Iceland
MTD
The NHX Composite lost an estimated 0.02% in October with fixed income (+0.64%) strategies leading the way. Multi-strategy, Equities and Fund of Funds were mildly positive while CTA strategies lost another 2.54%.
NHX Norway
NHX Sweden
YTD
On a country-by-country level, Norway was the strongest performer on the month followed by Denmark. Finnish hedge funds added to last month´s losses and are now firmly in negative territory for the full year. Sweden remained little changed on the month.
NHX Composite Historical Monthly Returns (92% updated NAVs) JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
2016
-1.07
0.35
0.23
0.38
0.57
0.14
1.4
-0.01
0.24
-0.02
NOV
DEC
Year
2015
2.3
1.37
0.9
-0.13
0.4
-1.48
1.21
-1.47
-0.48
0.81
1.67
-0.51
4.61
2014
0.3
1.69
-0.09
0.07
1.24
0.27
-0.06
0.75
0.06
-0.03
1.15
0.03
5.48
2013
1.83
0.59
0.52
0.55
0.77
-1.29
0.68
-0.43
1
1.4
0.97
0.99
7.83
2012
1.76
1.46
0.25
-0.05
-0.36
-0.5
1.87
0.33
0.23
-0.58
0.43
0.9
5.85
2011
-0.2
0.47
0.26
1.32
-0.93
-1.5
0.02
-1.82
-1.05
0.71
-0.43
0.56
-2.59
2010
0.3
0.08
1.82
0.78
-1.56
-0.69
0.71
0.37
1.63
1.07
0.32
3.32
8.35
2009
0.44
-0.32
1.12
2.46
2.97
0.04
1.96
1.51
1.73
0.16
0.74
0.61
14.21
2008
-1.09
1.79
-0.8
0.51
1.19
-1.52
-1.36
0.09
-4.3
-3.6
-0.58
-0.47
-9.83
2007
1.13
0.18
0.95
1.44
1.07
0.28
-0.42
-1.44
0.87
1.09
-1.51
0.34
4
2006
1.73
0.73
2.18
0.98
-1.25
-0.05
-0.22
0.94
0.7
1.04
1.45
2.01
10.67
2005
0.76
1.45
0.37
-0.57
1.25
1.67
1.52
0.5
1.73
-1.44
1.68
2
11.41
2.19
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.