Thomson Financial- Swedish hedge funds were hit hard by November’s market turbulence, with 47 of 75 falling in the month, of which 13 dropped by 5 pct or more, reported the online edition of DagensIndustri, citing its survey of hedge funds.
Only a third of Swedish hedge funds managed to make any gains in November, of which Risk-Reward, run by Systematiska, was the most successful with a gain of 23 pct. The second most successful fund was Systematiska’s Bonus fund which gained 8.98 pct.
Another Systematiska fund, AMDT Hedge, fell by 3.21 pct in November.
Systematiska CEO Christer Andersson said his winning funds had managed to play the swings on the market.
