In August 2025, the CTA sub-index of the Nordic Hedge Index edged lower after two positive months, reflecting mixed performance among managers. Strong gains from Volt’s Diversified Alpha Fund, Lynx Systematic Macro Fund, and RPM’s Evolving CTA Fund were offset by losses from the Bitcoin-focused Anna Fund and Estlander & Partners’ Alpha Trend Program.
Last month, Time-Series Momentum (TSMOM), as measured by RPM’s Market Divergence Index (MDI), increased gradually from low levels due to con...
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