With the objective to deliver stable and positive returns regardless of the stock market.
Fund manager comment
US and European economic data was strong in December, in line with the earlier trend. Chinese indicators were a little more mixed. Proposed US tax changes were passed after and long and drawn-out process. Oil and metal prices ended the year strongly while the dollar weakened somewhat. The fund's net and gross exposures were relatively unchanged in December compared with the month before. We aim to increase the fund's gross exposure in 2018.
Catella Hedgefond ended the year with a strong +0.99% in December, compared with -0.4 % for the Nordic markets (MSCI Nordic). This was due to good stock selection on the long side and good yields on hedges. Of the Nordic stock exchanges, Sweden saw a decline of -1.3 % while the others gained ground. Commodity-related companies did well during December. H&M’s sales figures were disappointing. NCC and Munters issued profit warnings. The main contribution to the fund’s returns in December came from equity holdings, but short selling, index derivatives and fixed income also played their parts. The largest individual positive contributors were BW Offshore, Aker Asa and OMX index futures. The biggest negative contributors were Nokia, Perstorp bonds and SKF. Catella Hedgefond’s return was 4.64% for the year.
The main contribution to the fund’s returns in December came from equity holdings, but short selling, index derivatives and fixed income also played their parts.
The risk and reward indicator illustrates the link between risk and potential returns from an investment in the fund. The indicator is based on how the fund’s value has changed over the past five years. Category 1 does not mean that the fund is risk free. The fund may over time move towards the left or right of the scale. This is because the indicator is based on historical data which is not a guarantee of future risk and reward. For information about the risk classification of each fund, please refer to the fund’s key investor information document.
Catella Hedgefond fund's objective is to deliver consistent, positive returns regardless of stock market trends.
To make money in both market upturns and downturns, the fund managers invest in Nordic fixed-income securities and equities, and gain protection from downturns through derivatives. This means that timing is not an issue when investing in Catella Hedgefond, and low risk is a cornerstone of the fund. The fund is run by a total of six managers. The team's experience and knowledge generate the management performance.
The fund is traded daily, making your money normally available immediately. Over time, the fund has had a high risk-adjusted return. This is a fund for investors seeking a solid base for their savings.
Prizes and nominations
- Best Hedgefund 2015- Fondmarknaden.se
- This years Hedgefund 2014 - Privata Affärer
- Best Hedgefund 2014- Fondmarknaden.se
- Nominated Euro Hedge Awards 2014
- Nominated Nordic Hedge Award 2014
- Nominated Investors Choice European Multi Strategy Fund of 2014