NHX Performance Review - October 2017 Funds count: 154 Month in Review Nordic hedge funds, as expressed by the Nordic Hedge Index - NHX, gained an estimated 1.0% in October (85% reported), extending their year-to-date aggregate gains to 3.3%. All five NHX sub-categories contributed to the positive performance with CTAs leading the pack gaining close to 4 percent on the month. Although still in negative territory for the year, October marked the best CTA-month since the period around the Brexit vote of last year. On country level, all countries exhibited positive returns on the month with Finland (+1.9%) and Denmark (+1.1%) being the strongest performers followed by Sweden (+0.9%) and Norway (+0.5%). Multi-Strategy and Fund of Funds gained around 1 percent and 0.7 percent respectively on the month. Equity strategies advanced 0.3 percent while Fixed Income was marginally positive. CTA funds dominated among winning funds with RPM Galaxy (+13.5%), Estlander Alpha Trend II (+9.1%) and RPM Evolving CTA Fund (+6.8%) topping the charts. Among losing funds were DNB ECO Aboslute Return (-4.6%), HCP Black Fund (-3.2%) and Nordea 1 Stable Equity Long/Short Fund (-2.3%).
Sub-Strategy and Country-by-Country Performance 8%
8%
6%
6%
4%
4%
2%
2%
0%
0%
-2%
-2% NHX Composite
NHX CTA
NHX Equities
NHX Fixed Income
MTD
NHX Multi-Strategy
NHX Fund O f Funds
NHX Denmark
NHX Finland
YTD
NHX Norway
MTD
All five NHX sub-categories contributed to the positive performance with CTAs leading the pack gaining close to 4 percent on the month. Although still in negative territory for the year, October marked the best CTA-month since the period around the Brexit vote of last year.
NHX Sweden
YTD
On country level, all countries exhibited positive returns on the month with Finland (+1.9%) and Denmark (+1.1%) being the strongest performers followed by Sweden (+0.9%) and Norway (+0.5%).
NHX Composite Historical Monthly Returns (85% updated NAVs) JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
2017
0.07
1.21
0.27
0.54
-0.19
-0.51
0.11
0.12
0.62
0.99
NOV
DEC
Year
2016
-1.1
0.37
0.4
0.41
0.61
0.1
1.4
0.07
0.19
-0.03
0.16
1.07
3.71
2015
2.27
1.39
0.91
-0.1
0.42
-1.41
1.21
-1.49
-0.48
0.88
1.68
-0.47
4.82
2014
0.3
1.68
-0.08
0.09
1.23
0.27
-0.05
0.74
0.07
-0.04
1.14
0.02
5.49
2013
1.82
0.59
0.52
0.55
0.77
-1.27
0.68
-0.42
1
1.41
0.97
0.98
7.83
2012
1.75
1.45
0.25
-0.04
-0.35
-0.48
1.86
0.35
0.24
-0.57
0.43
0.9
5.9
2011
-0.18
0.46
0.26
1.32
-0.92
-1.49
0.02
-1.82
-1.06
0.72
-0.43
0.56
-2.57
2010
0.3
0.07
1.81
0.76
-1.57
-0.68
0.71
0.36
1.62
1.07
0.3
3.3
8.25
2009
0.44
-0.32
1.12
2.46
2.97
0.04
1.96
1.51
1.73
0.17
0.73
0.6
14.2
2008
-1.13
1.84
-0.73
0.52
1.22
-1.24
-1.43
0.05
-4.28
-3.6
-0.58
-0.47
-9.53
2007
1.11
0.17
0.93
1.44
1.07
0.3
-0.38
-1.45
0.89
1.06
-1.49
0.3
3.96
2006
1.7
0.75
2.22
1.02
-1.26
-0.07
-0.22
0.97
0.67
1.01
1.42
1.99
10.62
2005
0.76
1.45
0.37
-0.57
1.25
1.68
1.52
0.51
1.72
-1.39
1.75
2.01
11.56
3.27
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.