Density Hedge Fund To Close

Oct 9 2013 | 10:27am ET

The difficult environment for quantitative hedge funds has claimed another casualty.

Sweden's Density will close, Reuters reports. The US$54 million will close by the end of the month, co-manager Jonas Vikstrom said.

"Performance has not been what we hoped for," Vikstrom, managing director of Vikstrom & Andersson Asset Management, told Reuters. "It's been quite bad, actually."

"We aim for a niche in the CTA space, but it's not working out well at all," he added. "We don't have the resources to continue fighting."

Density has lost 26.6% since the end of 2008, the year it debuted. The strategy is down 14.9% this year.

Quantitative funds have been battered this year as central banks and other policymakers have continued their easing strategies, wreaking havoc with hedge funds' computer models.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of