NilssonHedge provides a Fixed Income hedge fund index, based on the average return of the underlying funds. We do not provide backtracked returns nor do we allow for “instant track records”. The Index contains relatively few funds in the early period





The purpose of the index is to track funds that are reporting data publically and may thus exclude certain managers that have chosen not to do so.
The index is based on managers that are part of the database as of the end of the prior year. We do not impose minimum requirements on track records or aum for this subset.
Managers that drop out of the index are replaced with the average return of the index.
Index Constituents
2023
2022
2021
2020
2019
Absolute Investment Adv | Convertible Arbitrage |
Aegon | Absolute Return Bond |
Agenta Investment Management | Agenta Alternative Fixed Income |
Algebris | Macro Credit fund |
Allianz Global Investors | Credit Opportunities |
Allianz Global Investors | Fixed Income Macro |
American Beacon | SSI Alternative Inc |
Amundi | Absolute Return Credit |
Aperture | Credit Opportunities |
Ardea | Global Alpha |
Atlant Fonder | Atlant Hograntefond |
Aviva | Investors Global Convertibles |
Axiom | European Financial Debt Fund Limited |
Axiom | Long Short Credit |
AXS | All Terrain Opportunities |
BioPharma | BioPharma Credit |
Blackrock | Global Absolute Return |
Blackrock | Strategic Funds Fixed |
Blackrock | Systematic Multi-Strat |
Bluebay | Emerging Market Unconstrained Bond |
Bluebay | Global Sovereign Opportunities |
Bluebay | Investment Grade Absolute |
Bluebay | Investment Grade Absolute ESG |
Borea Asset Management AS | Borea European Credit |
Borea Asset Management AS | Borea Kreditt |
Borea Asset Management AS | Borea Obligasjon |
Boussard Gavaudan | Convertible |
Bramshill | Income Performance |
Butler | Credit Opportunities |
CABA Capital | CABA Hedge |
Cairn | Mediobanca Strata |
Candriam Investors Group | Bonds Credit Opportunities |
Candriam Investors Group | Long Short Credit |
Capital Four Management | Capital Four Credit Opportunities Fund |
Carlsson Noren Asset Management | Carlsson Noren Macro Fund |
Carlsson Noren Asset Management | Carlsson Noren Yield Opportunity |
Catella Fondforvaltning | Catella Credit Opportunity |
Catella Fondforvaltning | Catella Nordic Corporate Bond Flex |
CCM Alternativeome Institutional | Alternative Income Institutional |
Chenavari | Credit Strategy (Lyxor) |
Cheyne | Global Credit |
CIFC | Long Short Credit |
CKC | Credit Opportunity |
CQS | New City High Yield Fund |
Danske Bank Asset Management | Danske Invest Fixed Income Global Value |
Danske Bank Asset Management | Danske Invest Fixed Income Relative Value |
Danske Bank Asset Management | Danske Invest Hedge Fixed Income Strategies |
DCI | Market Neutral Credit |
DLD | Convertable Arbitrage |
Excalibur Asset Management | Excalibur |
Federated Hermes | Multi Strategy |
Federated Hermes | Unconstrained Credit |
Fidelity | Absolute Return Global Fixed Income |
Fisch Asset Management | Absolute Return Global |
Fisch Asset Management | Convertible Global Defensive |
Fisch Asset Management | Convertible Global Dynamic |
Fisch Asset Management | Convertible Global IG |
Fisch Asset Management | Convertible Global Sustainable |
Formuepleje Fund Management | Formuepleje Fokus |
Franklin K2 | Cat Bond |
GAM International Management | Star Cat Bond |
GAM International Management | Star Emerging Market |
GAM International Management | Star Global Rates |
GCP | Asset Backed Income |
Global Credit Advisers | Long/Short Credit (U Access) |
H2O | Adagio |
Hermes | Absolute Return |
Highbridge | Credit Fund |
HP Fondsmaglerselskab | HP Hedge Danish Bonds |
Insight | Absolute Return Bond |
Insight | Global Absolute Return |
Ironshield | Credit Fund |
JanusHenderson | Horizon Total Return Bond |
JPMorgan | Income Opportunity |
Jupiter | Strategic Absolute Return Bond |
KBC | Bonds Convertibles |
KLP Kapitalforvaltning AS | KLP Alfa Global Rente |
Lake Geneva Investment Partners | Fixed Income Allocator |
Lazard | Coherence Credit Alternative |
Lazard | Emerging Markets Debt Blend |
Lazard | Emerging Markets Total |
Lazard | Rathmore Alternative |
Legal & General | Dynamic Bond |
Legg Mason | Brandywine Global Credit Opportunities |
Legg Mason | Brandywine Global Fixed Income Absolute Return |
Legg Mason | Brandywine Global Income Optimiser |
Legg Mason | Western Asset Macro Opp |
LFIS | Vision Credit |
LGT Capital Partners | Cat Bond |
Liontrust | Absolute Return |
LUKB | Global Convertible Bond Fund |
Lumyna | Bluecove Alternative Credit |
M & G Investment Management | Absolute Return |
MacQuarie | Global Income Opportunities |
Man GLG | Convertible Arbitrage |
Man GLG | GLG Credit Multi |
Manulife | Asian Bond Absolute |
MFM | European Credit Opportunities |
Midocean | Absolute Return Credit (Alma) |
Moma Advisors | Asgard Fixed Income Fund |
Morgan Stanley | Sustainable Fixed Income |
Muzinich | European Credit Alpha |
Muzinich | Long Short Credit |
Nordea Asset Management | European Rates Opportunity |
Nordea Asset Management | Nordic Rates Opportunity |
Nordic Cross Asset Management | Nordic Cross Credit Edge |
Nordkinn Asset Management | Nordkinn Fixed Income Macro Fund |
Numen | Credit (HI) |
Nykredit Asset Management | Nykredit EVIRA Hedge Fund |
Nykredit Asset Management | Nykredit KOBRA Hedge Fund |
Nykredit Asset Management | Nykredit MIRA Hedge Fund |
OakTree | Credit |
Pareturn | Gladwyne Absolute Credit |
Pictet Asset Management | Sirius |
PIMCO | GIS Mortgage Opportunities |
PIMCO | Select Unconstrained Bond |
Polar | Capital Global Absolute |
Pollen Street | Honeycomb Investment Trust |
Redhedge | Relative Value |
Robeco | QI Long/Short Dynamic Duration |
Royal London | Absolute Return |
Schroders | ISF Euro Credit |
Schroders | ISF Sustainable European |
SEB Group | Eureka Fixed Income Relative Value |
Secquaero Advisors | Cat Bond (Schroders) |
Secured | Secured Income Fund Plc |
Securis | Catastrophe Bond |
Selwood | Market Neutral Credit (Alma) |
Skandinaviska Kreditfonden | Scandinavian Credit Fund I |
SME | Credit Realisation |
SRV Capital | Investin SRV Fixed Income |
Standard Life | Absolute Global Bond |
Syquant | Helium Invest |
Threadneedle | Credit Opportunities |
Threadneedle | Global Investment |
Twelve | Cat Bond Fund |
Tyrus Capital | Global Convertible |
Vontobel Asset Management | Absolute Return Bond |
VPC | Specialty Lending Investments |
Xaia | Credit Basis |
Xaia | Credit Basis II |
Xaia | Credit Debt Capital |
Absolute Investment Adv | Convertible Arbitrage |
Aegon | Absolute Return Bond |
Agenta Investment Management | Agenta Alternative Fixed Income |
Algebris | Macro Credit fund |
Allianz Global Investors | Fixed Income Macro |
American Beacon | SSI Alternative Inc |
Aperture | Credit Opportunities |
Aviva | Investors Global Convertibles |
Axiom | Long Short Credit |
Blackrock | Global Absolute Return |
Blackrock | Strategic Funds Fixed |
Bluebay | Emerging Market Unconstrained Bond |
Bluebay | Global Sovereign Opportunities |
Bluebay | Investment Grade Absolute |
Borea Asset Management AS | Borea European Credit |
Borea Asset Management AS | Borea Obligasjon |
Bramshill | Income Performance |
Butler | Credit Opportunities |
CABA Capital | CABA Hedge |
Cairn | Mediobanca Strata |
Candriam Investors Group | Long Short Credit |
Capital Four Management | Capital Four Credit Opportunities Fund |
Carlsson Noren Asset Management | Carlsson Noren Macro Fund |
Carlsson Noren Asset Management | Carlsson Noren Yield Opportunity |
Catella Fondforvaltning | Catella Credit Opportunity |
Catella Fondforvaltning | Catella Nordic Corporate Bond Flex |
Chenavari | Credit Strategy (Lyxor) |
Cheyne | Convertibles Absolute Return |
Cheyne | Global Credit |
CIFC | Long Short Credit |
Danske Bank Asset Management | Danske Invest Fixed Income Global Value |
Danske Bank Asset Management | Danske Invest Fixed Income Relative Value |
Danske Bank Asset Management | Danske Invest Hedge Fixed Income Strategies |
DCI | Market Neutral Credit |
Edmond de Rothschild | Global Convertibles |
Ellington | Ellington Structured Credit (Franklin K2) |
Excalibur Asset Management | Excalibur |
Fisch Asset Management | Absolute Return Global |
Fisch Asset Management | Convertible Global Defensive |
Fisch Asset Management | Convertible Global Dynamic |
Fisch Asset Management | Convertible Global Sustainable |
Formuepleje Fund Management | Formuepleje Fokus |
GAM International Management | Star Cat Bond |
GAM International Management | Star Emerging Market |
GAM International Management | Star Global Rates |
Global Credit Advisers | Long/Short Credit (U Access) |
H2O | Adagio |
Hermes | Absolute Return |
HP Fondsmaglerselskab | HP Hedge Danish Bonds |
Insight | Absolute Return Bond |
Insight | Global Absolute Return |
Ironshield | Credit Fund |
JPMorgan | Income Opportunity |
KBC | Bonds Convertibles |
KLP Kapitalforvaltning AS | KLP Alfa Global Rente |
Lake Geneva Investment Partners | Fixed Income Allocator |
Lazard | Emerging Markets Debt Blend |
Lazard | Emerging Markets Local Debt |
Lazard | Emerging Markets Total |
Lazard | Rathmore Alternative |
Legal & General | Dynamic Bond |
Legg Mason | Brandywine Global Credit Opportunities |
Legg Mason | Brandywine Global Enhanced Absolute Return |
Legg Mason | Brandywine Global Fixed Income Absolute Return |
Legg Mason | Western Asset Macro Opp |
LFIS | Vision Credit |
Liontrust | Absolute Return |
LUKB | Global Convertible Bond Fund |
M & G Investment Management | Absolute Return |
MacQuarie | Global Income Opportunities |
Man GLG | GLG Credit Multi |
Manulife | Asian Bond Absolute |
Midocean | Absolue Return Credit (Alma) |
Moma Advisors | Asgard Fixed Income Fund |
Muzinich | European Credit Alpha |
Muzinich | Long Short Credit |
Nordic Cross Asset Management | Nordic Cross Credit Edge |
Nordic Cross Asset Management | Nordic Cross Total Return Bond Fund |
Nordkinn Asset Management | Nordkinn Fixed Income Macro Fund |
Numen | Credit (HI) |
Nykredit Asset Management | Nykredit EVIRA Hedge Fund |
Nykredit Asset Management | Nykredit KOBRA Hedge Fund |
Nykredit Asset Management | Nykredit MIRA Hedge Fund |
Pareturn | Gladwyne Absolute Credit |
PIMCO | GIS Mortgage Opportunities |
PIMCO | Select Unconstrained Bond |
Polar | Capital Global Absolute |
Robeco | QI Long/Short Dynamic Duration |
Roxbury | Credit Events |
Royal London | Absolute Return |
SEB Group | Eureka Fixed Income Relative Value |
Secquaero Advisors | Cat Bond (Schroders) |
Securis | Catastrophe Bond |
Selwood | Market Neutral Credit (Alma) |
Skandinaviska Kreditfonden | Scandinavian Credit Fund I |
SRV Capital | Investin SRV Fixed Income |
Standard Life | Absolute Global Bond |
Threadneedle | Credit Opportunities |
Threadneedle | Global Investment |
Twelve | Cat Bond Fund |
Twelve | Falcon ILS Strategy |
Tyrus Capital | Global Convertible |
Vontobel Asset Management | Absolute Return Bond |
Xaia | Credit Basis |
Xaia | Credit Basis II |
Xaia | Credit Debt Capital |
Jupiter | Strategic Absolute Return Bond |
Nordea Asset Management | European Rates Opportunity |
Nordea Asset Management | Nordic Rates Opportunity |
Syquant | Helium Invest |
Boussard Gavaudan | Convertible |
Emso | Emerging |
Lumyna | Bluecove Alternative Credit |
Morgan Stanley | Sustainable Fixed Income |
Pictet Asset Management | Sirius |
Schroders | ISF Euro Credit |
Schroders | ISF Sustainable European |
Fidelity | Absolute Return Global Fixed Income |
AXS | All Terrain Opportunties |
Axiom | European Financial Debt Fund Limited |
BioPharma | BioPharma Credit |
Blackrock | Systematic Multi-Strat |
CCM Alternativeome Institutional | Alternative Income Institutional |
CQS | New City High Yield Fund |
Highbridge | Credit Fund |
GCP | Asset Backed Income |
Pollen Street | Honeycomb Investment Trust |
Secured | Secured Income Fund Plc |
SME | Credit Realisation |
VPC | Specialty Lending Investments |
ISP Group | CLO Opportunities |
Atlant Fonder | Atlant Hograntefond |
Federated Hermes | Multi Strategy |
Federated Hermes | Unconstrained Credit |
Wellington | Multi-Sector Credit Fund Responsible |
JanusHenderson | Horizon Total Return Bond |
Amundi | Absolute Return Credit |
Bluebay | Investment Grade Absolute ESG |
Borea Asset Management AS | Borea Kreditt |
Man GLG | Convertible Arbitrage |
Allianz Global Investors | Credit Opportunities |
Candriam Investors Group | Bonds Credit Opportunities |
DLD | Convertable Arbitrage |
Franklin K2 | Cat Bond |
Lazard | Coherence Credit Alternative |
Redhedge | Relative Value |
OakTree | Credit |
Absolute Insight | Credit |
Absolute Insight | Emerging Markets |
Absolute Investment Adv | Convertible Arbitrage |
Aegon | Absolute Return Bond |
Agenta Investment Management | Agenta Alternative Fixed Income |
Algebris | Macro Credit fund |
Allianz Global Investors | Fixed Income Macro |
American Beacon | SSI Alternative Inc |
Aperture | Credit Opportunities |
Aviva | Investors Global Convertibles |
Axiom | Long Short Credit |
Blackrock | Global Absolute Return |
Blackrock | Strategic Funds Fixed |
Bluebay | Emerging Market Unconstrained Bond |
Bluebay | Global Sovereign Opportunities |
Bluebay | Investment Grade Absolute |
Borea Asset Management AS | Borea European Credit |
Borea Asset Management AS | Borea Obligasjon |
Bramshill | Income Performance |
Butler | Credit Opportunities |
CABA Capital | CABA Hedge |
Cairn | Mediobanca Strata |
Candriam Investors Group | Long Short Credit |
Capital Four Management | Capital Four Credit Opportunities Fund |
Carlsson Noren Asset Management | Carlsson Noren Macro Fund |
Carlsson Noren Asset Management | Carlsson Noren Yield Opportunity |
Catella Fondforvaltning | Catella Credit Opportunity |
Catella Fondforvaltning | Catella Nordic Corporate Bond Flex |
Chenavari | Credit Strategy (Lyxor) |
Cheyne | Convertibles Absolute Return |
Cheyne | Enhanced Global Credit |
Cheyne | Global Credit |
CIFC | Long Short Credit |
Credit Suisse Asset Management | Convert International Bond |
Danske Bank Asset Management | Danske Invest Fixed Income Global Value |
Danske Bank Asset Management | Danske Invest Fixed Income Relative Value |
Danske Bank Asset Management | Danske Invest Hedge Fixed Income Strategies |
Danske Bank Asset Management | Danske Invest Hedge Mortgage Arbitrage |
DCI | Market Neutral Credit |
Edmond de Rothschild | Global Convertibles |
Edmond de Rothschild | Global Sustainable Convertible |
Ellington | Ellington Structured Credit (Franklin K2) |
Emso | Emerging Markets Absolute |
Excalibur Asset Management | Excalibur |
Fisch Asset Management | Absolute Return Global |
Fisch Asset Management | Convertible Global Defensive |
Fisch Asset Management | Convertible Global Dynamic |
Fisch Asset Management | Convertible Global Sustainable |
Formuepleje Fund Management | Formuepleje Fokus |
Frost Asset Management | Frost |
GAM International Management | Star Cat Bond |
GAM International Management | Star Emerging Market |
GAM International Management | Star Global Rates |
GAM International Management | Star Lux Convertible |
GAM International Management | Systematic Dynamic Credit |
Global Credit Advisers | Long/Short Credit (U Access) |
Hermes | Absolute Return |
HP Fondsmaglerselskab | HP Hedge Danish Bonds |
Insight | Absolute Return Bond |
Insight | Global Absolute Return |
Ironshield | Credit Fund |
JanusHenderson | Horizon Total |
JPMorgan | Income Opportunity |
KBC | Bonds Convertibles |
KLP Kapitalforvaltning AS | KLP Alfa Global Rente |
KLS Diversified | KLS Fixed Income (Lumyna) |
Lake Geneva Investment Partners | Fixed Income Allocator |
Lazard | Emerging Markets Debt Blend |
Lazard | Emerging Markets Local Debt |
Lazard | Emerging Markets Total |
Lazard | Rathmore Alternative |
Legal & General | Dynamic Bond |
Legg Mason | Brandywine Global Credit Opportunities |
Legg Mason | Brandywine Global Enhanced Absolute Return |
Legg Mason | Brandywine Global Fixed Income Absolute Return |
Legg Mason | Western Asset Macro Opp |
LFIS | Vision Credit |
Liontrust | Absolute Return |
Lombard Odier Investment Managers | Cat Bonds |
LUKB | Global Convertible Bond Fund |
M & G Investment Management | Absolute Return |
MacQuarie | Global Income Opportunities |
Man GLG | GLG Credit Multi |
Man GLG | GLG Global Convertibles |
Manulife | Asian Bond Absolute |
Merian | Strategic Absolute Return |
Midocean | Absolue Return Credit (Alma) |
Moma Advisors | Asgard Credit Fund |
Moma Advisors | Asgard Fixed Income Fund |
Muzinich | European Credit Alpha |
Muzinich | Long Short Credit |
Nordic Cross Asset Management | Nordic Cross Credit Edge |
Nordic Cross Asset Management | Nordic Cross Total Return Bond Fund |
Nordkinn Asset Management | Nordkinn Fixed Income Macro Fund |
Numen | Credit (HI) |
Nykredit Asset Management | Nykredit EVIRA Hedge Fund |
Nykredit Asset Management | Nykredit KOBRA Hedge Fund |
Nykredit Asset Management | Nykredit MIRA Hedge Fund |
Oyster | Global Convertible |
Pareturn | Gladwyne Absolute Credit |
PFA Asset Management | Midgard Fixed Income Fund |
PIMCO | GIS Mortgage Opportunities |
PIMCO | Select Unconstrained Bond |
Polar | Capital Global Absolute |
Robeco | QI Long/Short Dynamic Duration |
Roxbury | Credit Events |
Royal London | Absolute Return |
SEB Group | Eureka Fixed Income Relative Value |
Secquaero Advisors | Cat Bond (Schroders) |
Securis | Catastrophe Bond |
Selwood | Market Neutral Credit (Alma) |
Skandinaviska Kreditfonden | Scandinavian Credit Fund I |
SRV Capital | Investin SRV Fixed Income |
Standard Life | Absolute Global Bond |
Strukturinvest Fondkommission (FK) | Hamiltonian Global Credit Opportunity Fund |
Threadneedle | Credit Opportunities |
Threadneedle | Global Investment |
Twelve | Cat Bond Fund |
Twelve | Falcon ILS Strategy |
Tyrus Capital | Global Convertible |
Vontobel Asset Management | Absolute Return Bond |
Xaia | Credit Basis |
Xaia | Credit Basis II |
Xaia | Credit Debt Capital |
Absolute Investment Adv | Convertible Arbitrage |
Agenta Investment Management | Agenta Alternative Fixed Income |
American Beacon | SSI Alternative Inc |
Borea Asset Management AS | Borea European Credit |
CABA Capital | CABA Hedge |
Capital Four Management | Capital Four Credit Opportunities Fund |
Carlsson Noren Asset Management | Carlsson Noren Macro Fund |
Carlsson Noren Asset Management | Carlsson Noren Yield Opportunity |
Catella Fondforvaltning | Catella Credit Opportunity |
Catella Fondforvaltning | Catella Nordic Corporate Bond Flex |
Danske Bank Asset Management | Danske Invest Fixed Income Global Value |
Danske Bank Asset Management | Danske Invest Fixed Income Relative Value |
Danske Bank Asset Management | Danske Invest Hedge Fixed Income Strategies |
Danske Bank Asset Management | Danske Invest Hedge Mortgage Arbitrage |
Excalibur Asset Management | Excalibur |
Formuepleje Fund Management | Formuepleje Fokus |
HP Fondsmaglerselskab | HP Hedge Danish Bonds |
KLP Kapitalforvaltning AS | KLP Alfa Global Rente |
Moma Advisors | Asgard Credit Fund |
Moma Advisors | Asgard Fixed Income Fund |
Nordic Cross Asset Management | Nordic Cross Credit Edge |
Nordic Cross Asset Management | Nordic Cross Total Return Bond Fund |
Nordkinn Asset Management | Nordkinn Fixed Income Macro Fund |
Nykredit Asset Management | Nykredit EVIRA Hedge Fund |
Nykredit Asset Management | Nykredit KOBRA Hedge Fund |
Nykredit Asset Management | Nykredit MIRA Hedge Fund |
PFA Asset Management | Midgard Fixed Income Fund |
SEB Group | Alternative Fixed Income |
SEB Group | Eureka Fixed Income Relative Value |
Skandinaviska Kreditfonden | Scandinavian Credit Fund I |
SRV Capital | Investin SRV Fixed Income |
Strukturinvest Fondkommission (FK) | Hamiltonian Global Credit Opportunity Fund |
Agenta Investment Management | Agenta Alternative Fixed Income |
Borea Asset Management AS | Borea European Credit |
CABA Capital | CABA Hedge |
Capital Four Management | Capital Four Credit Opportunities Fund |
Carlsson Noren Asset Management | Carlsson Noren Macro Fund |
Catella Fondforvaltning | Catella Credit Opportunity |
Catella Fondforvaltning | Catella Nordic Corporate Bond Flex |
Danske Bank Asset Management | Danske Invest Hedge Fixed Income Strategies |
Danske Bank Asset Management | Danske Invest Hedge Mortgage Arbitrage |
Excalibur Asset Management | Excalibur |
Excalibur Asset Management | Trude |
Formuepleje Fund Management | Formuepleje Fokus |
HP Fondsmaglerselskab | HP Hedge |
KLP Kapitalforvaltning AS | KLP Alfa Global Rente |
Moma Advisors | Asgard Credit Fund |
Moma Advisors | Asgard Fixed Income Fund |
Nektar Asset Management | Nektar |
Nordic Cross Asset Management | Nordic Cross Credit Edge |
Nordic Cross Asset Management | Nordic Cross Total Return Bond Fund |
Nykredit Asset Management | Nykredit EVIRA Hedge Fund |
Nykredit Asset Management | Nykredit KOBRA Hedge Fund |
Nykredit Asset Management | Nykredit MIRA Hedge Fund |
SEB Group | Alternative Fixed Income |
SEB Group | Eureka Fixed Income Relative Value |
Skandinaviska Kreditfonden | Scandinavian Credit Fund I |
Strukturinvest Fondkommission (FK) | Hamiltonian Global Credit Opportunity Fund |