CABA Offers Another Roll Down the Curve
CABA Capital has launched Flex 4, the fourth three‑year closed‑ended AAA‑yield premium fund targeting Scandinavian mortgage covered bonds. The new vintage mirrors the original strategy—long five‑year non‑callable covered bonds, hedged with government securities and swaps—but adds multiple currency share classes (USD, EUR, GBP, DKK, SEK, CHF). Leveraging up to 15 times the spread, the fund aims for roughly 6 % annualized returns through roll‑down and pull‑to‑par dynamics. Despite tighter spreads versus the 2022 launch, CABA believes the approach remains attractive.
The Benefits of Multi-Manager Portfolios in CTA Investing
Abbey Capital leverages a $7.8 billion managed‑account platform to build multi‑manager CTA portfolios, emphasizing diversification beyond pure trend‑following. The firm argues that true risk reduction emerges after allocating to eight‑to‑ten independent managers, mixing short‑term, macro and value‑oriented strategies. Managed accounts provide...
Origo Fonder Brings in Peter Eliasson as CEO
Swedish boutique Origo Fonder announced that Peter Eliasson will replace founder Stefan Roos as chief executive officer. Roos will step back to concentrate on investment management and the firm’s portfolio strategy. Eliasson arrives with close to three decades of experience...
Three Years of Chasing the Right Tail
Avanto Right Tail, a Norway‑based hedge fund launched in May 2023, has more than doubled investors’ capital, delivering over 100% cumulative and 27% annualized returns. The strategy seeks “right‑tail” outcomes by betting early on structural changes such as institutional crypto...
Hedge Funds Surge in April to Post Strongest Gains Since 2020
Global hedge funds posted a 4.8% gain in April 2026, the strongest monthly rise since November 2020 and the second‑largest since May 2009. The rebound was led by Equity Hedge, which jumped 7.3%, and a standout 14.8% surge in technology‑focused...
Brittle Peace, Fragile Trends: CTAs Battle April Volatility
In April the NHX CTA Index delivered a modest positive return despite divergent outcomes among its managers and sub‑strategies. Early‑month time‑series momentum plunged amid cease‑fire‑triggered trend reversals, but steadied in the second half as a strong equity rally offset flat...
The Illusion of Longevity: Why Averages Mislead in Hedge Fund Survival
The Nordic hedge‑fund industry appears stable when citing a 7.3‑year average lifespan, but that figure is skewed by a few long‑lived managers. The median survival is only 5.3 years, indicating most funds exit much sooner. Early‑year closures dominate, yet a...
Elo’s Slow-Moving Hedge Fund Portfolio Built Around Access
Elo, Finland’s largest pension insurer, maintains a roughly 10% hedge‑fund allocation, emphasizing both diversification and strong returns. The portfolio is shaped at the CIO level to meet a specific risk‑return profile rather than serving as a low‑yield bond substitute. Ongoing...
The New Coda: From Intuition to a Unified Investment Process
Coda Partners, co‑founded by veteran Peter Andersland and Knut Børsheim, has built a unified investment platform that blends deep fundamental research with a rules‑based, quantamental process. The firm acquired Andersland’s former Pensum fund and now offers the strategy via separately...
When Diversification Fails: Qblue’s Case for Alternative Risk Premia
Qblue’s Alternative Risk Premia (ARP) fund, launched in 2019, seeks returns that are uncorrelated with traditional equity‑bond portfolios, especially during market stress. Built on ten in‑house systematic strategies across equities, fixed income, commodities and currencies, the fund emphasizes dynamic allocation...
Tidan NOVA Profiting From Volatility Skew as Market Participants Seek Protection
Tidan Capital’s NOVA strategy targets the persistent volatility skew that arises because investors must buy downside protection, causing puts to trade at higher implied volatility than calls. By employing a market‑neutral, relative‑value approach, NOVA harvests the premium from overpriced puts...
Extracting Alpha From the Factor Zoo Through Systematic Investing
ORCA Hedge, a Gothenburg‑based boutique, has launched a systematic long/short equity strategy that targets hundreds of risk factors and dynamically filters them to capture the most effective premia. The fund, officially opened in early 2025 after four years of development,...
Apoteket CIO Leans on Hedge Funds for High Sharpe
Gustav Karner, CIO of Apoteket’s pension fund, has built a $1.3 bn portfolio that allocates roughly one‑third to hedge funds, delivering over 10% annual returns and a Sharpe ratio among Sweden’s highest. The hedge‑fund share was raised to 35% in 2025,...
Ress Launches Euro Feeder as Life Settlements Enter a Higher-Return Regime
Ress Capital, fresh from its merger with Finserve Nordic, has introduced a euro‑denominated feeder vehicle for its life‑settlements fund, seeded with roughly €25 million (about $27 million). Higher U.S. interest rates have lifted internal rates of return on purchased policies from the...
Building Liquidity Around an Illiquid Core at Aars
Since 2016 CFO Morten Christensen has built Aars’ investment arm from scratch, transitioning from full outsourcing to an in‑house team. The family office now invests roughly 75% of its net assets in directly owned, illiquid companies, while the remaining 25%—about...