Crescit Hedge rose +1.24 percent in August and stands at 6.74 percent for the year. 

So far this year, the fund is ahead of the Nordic hedge fund index.

The market rose broadly and calmly in August. This is the environment where an option-based structure works with the least friction, as the protection costs less to carry when the swings are small.

The fund's risk has been evenly distributed between Sweden, Europe and the US. The difference in outcomes between the markets came about when exposure could be increased: in Sweden and parts of Europe, the indices fell back towards their starting point after an initial rise, and there it was possible to add risk on the way down.

Equity exposure accounted for approximately three-quarters of the month's positive contribution and the fixed income component for the remainder.