Incentive AS

Incentive Active Value

Strategy Description

Incentive Active Value Fund is a long/short equity fund primarily investing in mid-cap opportunities in Europe. The fund’s mission involves identifying and investing in a portfolio of fundamentally sound businesses that can be purchased at large discounts to intrinsic value. These investments are held for long-term capital appreciation, sometimes being partly offset by short positions in companies with opposite characteristics. Incentive Active Value Fund also manages long only strategies.

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureUndefined
Fund DomicileNorway
Minimum Investment00 NOK
AUM -
Highwater MarkYes
Inception DateJul 2014
Management Fee0%
Performance Fee0%

Company Information

CompanyIncentive AS
PrincipalSvein Høgset
AddressFilipstad Brygge 2
Oslo, 0125
Phone+47 23 01 29 00
Emailreporting@incentive-as.com
Website

Monthly Performance

  JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Year
2017 2.41 1.60 -0.88 1.19 0.16 -0.49 1.39 0.39 -0.08 0.56 -0.46 3.03 9.10
2016 -0.53 -0.18 1.19 -0.88 2.69 -2.07 3.00 0.77 0.72 -0.25 -0.10 3.34 7.82
2015 2.62 9.07 3.76 4.92 1.18 -1.22 -0.10 -4.38 -3.19 4.11 4.64 -0.58 21.98
2014 0.00 0.51 3.06 -4.92 1.80 -3.81 -3.56
There is a substantial risk of loss in trading commodity futures, equities, options and off-exchange foreign currency products. Past performance is not indicative of future results.

Manager Bio

 

Return Statistics

Last Month 3.03
3 Month ROR 3.13
Year To Date 9.10
12 Month ROR 9.10
36 Month ROR 43.48
Compound ROR 9.72
Winning Months (%) 59.52
Average Winning Month 2.32
Average Losing Month -1.34
Total Return 38.38

Risk Statistics

Sharpe Ratio 1.07
Sortino Ratio 1.99
Sterling Ratio 0.92
Calmar Ratio 1.48
Skewness 0.39
Kurtosis 1.67
Maximum Drawdown -8.65
Correlation vs S&P 500 0.42
Average Losing Month -1.34
Standard Deviation (monthly) 2.62
Downside Deviation 1.35

Risk/Return Chart

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 Month Rolling ROR

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
1 -8.65 4 8 06/2015 05/2016
2 -6.90 3 2 10/2014 02/2015
3 -2.07 1 1 06/2016 07/2016
4 -0.88 1 1 03/2017 04/2017
5 -0.49 1 1 06/2017 07/2017

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 9.07-4.920.810.533.0357.14
3 Months 18.74-7.522.431.473.1377.50
6 Months 21.78-3.775.074.024.8983.78
1 Year 21.98-0.3110.089.829.1096.77
2 Years 31.5111.5019.6219.3217.63100.00
3 Years 43.4829.5334.7533.7643.48100.00
5 Years ------

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Drawdown

Volatility (12 Months Rolling)

Time Window Analysis

1 Month3 Months6 Months1 Year2 Years3 Years
Average ROR3.031.030.800.730.681.01
% Positive100.0066.6766.6766.6758.3358.33
Avg. Pos. Period3.031.801.341.341.602.51
Avg. Neg. Period - -0.46-0.27-0.48-0.59-1.03
Sharpe0.002.012.222.101.671.44
Sortino0.0013.4714.517.874.463.40
Std. Deviation0.001.791.261.211.422.49
Down. Deviation0.000.270.190.320.531.03

ALL DATA INCLUDING PERFORMANCE NUMBERS HAVE BEEN SUPPLIED BY THE RESPECITVE MANAGERS AND FUND. HEDGENORDIC IN NO WAY GUARANTEES THE ACCURACY OF THESE NUMBERS AND HAS SUPPLIED THEM TO YOU FOR INFORMATION PURPOSES ONLY. THIS DOES NOT CONSTITUTE A SOLICITATION TO BUY OR AN OFFER TO SELL. NO INVESTMENT SHOULD BE MADE WITHOUT FULLY REVIEWING THE ASSOCIATED RISK FACTORS, FEES AND CONFLICTS OF INTEREST AS OUTLINED IN EACH FUNDS S RISK DISCLOSURE DOCUMENT. THERE MAY BE FUNDS WHO HAVE CHOSEN NOT TO BE LISTED IN THE HEDGENORDIC DATABASE AND NHX THAT MAY HAVE BETTER OR WORSE PERFORMANCE THAN THOSE IN OUR DATABASE.

THE RISK OF LOSS IN INVESTING IN HEDGEFUNDS CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADE ONLY WITH RISK CAPITAL. SALES RESTRICTIONS MAY APPLY IN YOUR JURISDICTION.