Nordic Hedge funds strong in 2012, fall behind international peers

Stockholm ( – Nordic hedge funds ended the year on a high, according to the Nordic Hedge Index (NHX) which gained 0,68% in December and ended the year at an Index Value of 133,16 an advance of 4,16%  based on data provided by 73% of the 122 funds within NHX.

Nordic hedge funds however stayed behind their international peers which gained 1.63 per cent in December and were up 8.27 per cent for 2012 according to the Barclay Hedge Fund Index.

Four out of the five sub-indices in NHX showed gains in December, with Managed Futures / CTA being the only sub index closing in negative territory, down 0,18%

NHX Equities was most profitable, up just over one per cent in December, based on numbers reported from 85% of managers within the index. Fixed Income hedge funds were up by 0,88% (89% reported) and Multi Strategy funds by half a percentage point (82% reported). With only 17% of fund of hedge funds completed calculations the FoHF sub index just made it to positive territory.

Norways Sector Zen fund outpaced all its peers in December and returned 11,4% for the month and 19,16% for the full year, roughly twice its yearly average. Denmarks Cresco  gained a strong  5,72% in December. Third best performer in December was Stockholm based Adapto Nordic, up 4,48% (14,38%  YTD).


For the full year Fixed Income strategies were best performing, NHX Fixed income returning 12,72%, Multi strategy funds 7%, Nordic equity hedge funds gained 4,2% and NHX FoHF was up by 0,73%.   Managed Futures were a double exception in 2012: The divorced