Nordea Investment Management & Funds

Nordea Alpha 15 Fund

Strategy Description

Nordea Alpha 15 Fund uses numerous types of low-correlation investment strategies to provide dynamic exposure to multiple asset classes, within a universe consisting of a subset of equities, fixed income securities and currencies. The fund will implement the strategies through pair trades, which combine a long position that is offset by a short position. The investment strategy employed by Nordea Alpha 15 can broadly be defined as a multi-strategy approach. The fund’s exposure to different strategies and sub-strategies is based on the results of a continuous bottom-up valuation, with a focus on short-term market behavior. The fund’s overall target volatility is set to 15%.

General Information

NHX CategoryMulti Strategy
NHX CountryDenmark
Legal StructureUndefined
Fund DomicileLuxembourg
Minimum Investment1,000,000 EUR
AUM749M EUR
Highwater MarkYes
Inception DateNov 2006
Management Fee1.5%
Performance Fee20%

Company Information

CompanyNordea Investment Management & Funds
PrincipalMr. Klaus Godiksen
AddressStrandgade 3
Copenhagen, 1401
Phone+45 3333 6935
Emailluke.wetzel@nordea.com
Website

Monthly Performance

  JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Year
2017 0.42 6.48 2.99 -0.73 0.17 -1.37 1.16 -0.09 -0.95 2.52 1.88 -1.07 11.72
2016 0.94 2.08 5.39 0.95 -0.23 6.94 2.31 0.40 2.07 -1.65 -6.72 0.58 13.16
2015 4.53 2.04 2.21 -2.28 0.82 -2.88 3.77 -0.90 0.39 1.01 -0.72 0.34 8.36
2014 -3.01 -4.43 6.22 2.16 5.49 2.87 0.14 0.30 -0.95 -4.92 0.66 -0.49 3.42
2013 4.71 -1.10 -1.83 0.93 -0.72 -4.35 -0.25 -3.53 0.70 5.08 1.93 -3.15 -2.05
2012 3.64 4.08 -3.84 -3.95 -0.06 2.94 2.19 -3.21 6.27 3.00 0.72 1.94 13.94
2011 0.31 -2.19 3.52 0.79 2.39 -1.64 -3.51 -5.40 -7.88 10.13 -4.56 2.57 -6.54
2010 -5.13 -4.63 2.64 -4.45 -9.01 -0.04 5.05 -3.92 6.00 3.66 -6.34 5.99 -11.15
2009 -3.06 -1.32 5.39 2.40 10.46 -2.65 3.79 -2.51 4.63 -1.38 1.60 -1.33 16.20
2008 -6.35 4.63 -3.47 4.80 1.70 -1.31 -6.04 -2.69 -5.50 -1.38 4.19 2.81 -9.19
2007 -0.40 -2.09 5.22 2.31 2.08 0.46 1.81 -2.65 -0.74 2.76 -1.73 0.64 7.63
2006 3.21 6.92 10.35
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 -1.07
3 Month ROR 3.33
Year To Date 11.72
12 Month ROR 11.72
36 Month ROR 36.99
Compound ROR 4.56
Winning Months (%) 55.97
Average Winning Month 2.98
Average Losing Month -2.79
Total Return 64.56

Risk Statistics

Sharpe Ratio 0.42
Sortino Ratio 0.56
Sterling Ratio 0.75
Calmar Ratio 1.34
Skewness 0.01
Kurtosis -0.01
Maximum Drawdown -24.00
Correlation vs S&P 500 0.47
Average Losing Month -2.79
Standard Deviation (monthly) 3.61
Downside Deviation 2.31

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 -24.00 22 35 12/2009 08/2014
2 -16.75 15 7 08/2007 05/2009
3 -8.26 2 4 10/2016 03/2017
4 -5.82 2 4 09/2014 02/2015
5 -4.32 3 7 04/2015 01/2016

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.46-9.010.440.44-1.0755.97
3 Months 19.21-15.911.231.593.3361.36
6 Months 18.86-20.342.292.143.4462.02
1 Year 24.16-17.734.033.4211.7265.85
2 Years 30.91-23.857.405.9926.4278.38
3 Years 46.29-15.7510.438.9136.9970.71
5 Years 65.35-12.3716.6211.6338.7776.00

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 ROR-1.071.100.570.930.980.88
% Positive0.0066.6750.0058.3366.6766.67
Avg. Pos. Period - 2.201.852.232.332.18
Avg. Neg. Period-1.07-1.07-0.70-0.84-1.60-1.63
Sharpe0.002.011.321.461.251.21
Sortino-3.466.163.355.272.302.23
Std. Deviation0.001.911.502.262.822.61
Down. Deviation1.070.620.590.611.481.37

AUM

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.