COPENHAGEN, Denmark (HedgeWorld.com)–The Nordic Hedge Fund Index has added six funds of funds managed by Nykredit, a Danish financial services provider, according to an article published on the Nordic News web site.
The new index components, all launched in April 2005, are: Nykredit Alpha Diversified, Nykredit Alpha Equity Long/Short, Nykredit Alpha Equity Relative Value, Nykredit Alpha Fixed Income Directional, Nykredit Alpha Fixed Income Relative Value and Nykredit Alpha Trading.
Since inception, the best performing among these are the long/short equity fund, which has returned 17.14%, and the Trading fund with a return of 16.58%. Nordic News reports that all six funds have “experienced good performance runs”. However, no data were supplied on the funds’ volatility, or on the assets under management in each.