Mjeltevik Invest AS

Mjeltevik Invest IS

Strategy Description

Mjeltevik Invest IS employs a systematic long-term trend following approach to trade Norwegian, Swedish and Danish equities. While most systematic trend following programs use solely technical analysis, Mjeltevik Invest combines both technical analysis and fundamental analysis. The fund’s strategy is suitable for institutional and high-net-worth individuals seeking high returns with medium-to-low risk.

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureFund
Fund DomicileNorway
Minimum Investment500,000 NOK
AUM -
Highwater MarkYes
Inception DateJan 2010
Management Fee2%
Performance Fee20%

Company Information

CompanyMjeltevik Invest AS
PrincipalHåvar Mjeltevik
AddressStrandenglia 7
Tolvsrød , 3153
Phone99 44 87 00
Emailpost@mjeltevik.no
Websitehttp://www.mjeltevik.no/

Monthly Performance

  JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Year
2017 1.34 1.71 0.36 4.23 1.77 -2.87 -0.90 -0.49 4.40 0.35 -2.56 2.71 10.20
2016 -3.32 -2.77 0.22 0.23 8.93 -0.41 4.04 -0.62 0.78 1.06 -0.20 2.84 10.71
2015 4.50 2.02 2.27 2.17 2.15 1.23 3.15 -4.65 0.26 -1.45 0.72 -0.76 11.89
2014 0.00 0.00 1.60 -0.55 2.42 -0.20 0.50 2.39 -0.27 4.28 0.77 0.59 12.03
2013 12.00 8.70 -1.55 2.46 3.64 -5.02 7.35 2.34 1.17 11.00 3.45 2.53 58.19
2012 4.49 9.01 -1.87 6.50 -7.70 10.23 9.60 2.63 2.03 -0.63 0.00 0.86 39.31
2011 -3.47 1.50 -1.44 0.25 -2.77 -5.04 -1.11 -5.81 -9.15 11.00 -2.17 1.21 -16.87
2010 -1.80 -2.15 11.20 3.50 -4.00 -3.70 12.08 -1.30 6.00 4.67 -4.40 15.16 38.15
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

  Håvar Mjeltevik (born 1981) is a trader and fund manager from Porsgrunn in Norway. He earned a Bachelor's degree in Computer Engineering and another Bachelor's degree in Business and Administration with financial analysis from Vestfold University College in 2010. He has been the leader of the Norwegian young stockholders called "Unge Aksjonærer" and also been a motivator for trading and investing for Universities and University Colleges in Norway together with multiple top results from the stock competition "Studenter på børs". Håvar specializing in computerized trading systems and honor the teachings from the masters Ed Seykota and Richard Donchian.

Return Statistics

Last Month 2.71
3 Month ROR 0.43
Year To Date 10.20
12 Month ROR 10.20
36 Month ROR 36.51
Compound ROR 18.43
Winning Months (%) 64.58
Average Winning Month 3.75
Average Losing Month -2.35
Total Return 287.07

Risk Statistics

Sharpe Ratio 1.18
Sortino Ratio 2.47
Sterling Ratio 0.71
Calmar Ratio 0.95
Skewness 0.71
Kurtosis 0.88
Maximum Drawdown -24.36
Correlation vs S&P 500 0.63
Average Losing Month -2.35
Standard Deviation (monthly) 4.46
Downside Deviation 1.99

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 -24.36 9 9 01/2011 06/2012
2 -11.48 7 5 08/2015 07/2016
3 -7.55 2 1 05/2010 07/2010
4 -5.02 1 1 06/2013 07/2013
5 -4.40 1 1 11/2010 12/2010

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 15.16-9.151.520.822.7161.46
3 Months 23.99-15.384.694.230.4377.66
6 Months 35.12-21.679.5410.663.4083.52
1 Year 61.37-16.8720.3220.0710.2085.88
2 Years 120.3710.1246.2433.1522.00100.00
3 Years 156.7133.7084.4183.2036.51100.00
5 Years 224.08120.33171.72176.89141.94100.00

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 ROR2.710.140.560.810.830.87
% Positive100.0066.6750.0066.6762.5066.67
Avg. Pos. Period2.711.532.492.112.332.23
Avg. Neg. Period - -2.56-1.32-1.71-1.57-1.75
Sharpe0.000.220.801.241.091.19
Sortino0.000.341.722.452.382.34
Std. Deviation0.002.642.542.342.762.62
Down. Deviation0.001.481.131.151.211.28

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.