Moma Advisors A/S

Asgard Credit Fund

Strategy Description

Asgard Credit Fund represents a replica of the classic income arbitrage strategy fund run by Moma Advisors, called Asgard Fixed Income fund. The Asgard Credit fund started applying the tried and tested proprietary analytical and risk management techniques of Moma to a new investment universe of liquid credit. Although the two funds share a similar investment philosophy and process, the funds are separate vehicles run by different portfolio managers that have a small likelihood of international position overlap. The Asgard Fixed Income strategy predominantly trades Scandinavian markets in Sweden, Norway, Denmark and Finland, whereas the other credit strategy has little or no exposure to Nordic Markets. Asgard Credit targets returns of plus 8% per year through a full cycle. This is comparable to equity returns, but the fund aims for much lower downside risk over multi-year periods.

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureAlternative Investment Fund (AIF)
Fund DomicileIreland
Minimum Investment250,000 EUR
AUM122M EUR
Highwater MarkYes
Inception DateOct 2016
Management Fee1.25%
Performance Fee15%

Company Information

CompanyMoma Advisors A/S
PrincipalMorten Mathiesen
AddressFlæsketorvet 68 1
Copenhagen V, DK-1711
PhoneN/A
Emailacf@momas.dk
Website

Monthly Performance

  JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Year
2017 0.90 0.98 1.04 1.25 0.27 -0.11 1.47 -1.07 -0.93 1.73 -0.16 1.75 7.30
2016 -0.46 1.93 0.31 1.78
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 1.75
3 Month ROR 3.34
Year To Date 7.30
12 Month ROR 7.30
36 Month ROR -
Compound ROR 7.30
Winning Months (%) 66.67
Average Winning Month 1.16
Average Losing Month -0.55
Total Return 9.21

Risk Statistics

Sharpe Ratio 2.09
Sortino Ratio 5.26
Sterling Ratio 0.66
Calmar Ratio 3.67
Skewness -0.31
Kurtosis -1.13
Maximum Drawdown -1.99
Correlation vs S&P 500 0.40
Average Losing Month -0.55
Standard Deviation (monthly) 0.98
Downside Deviation 0.39

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 -1.99 2 3 08/2017 12/2017
2 -0.46 1 1 10/2016 11/2016
3 -0.11 1 1 06/2017 07/2017
4 - - - - -
5 - - - - -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 1.93-1.070.590.901.7566.67
3 Months 3.34-0.551.721.783.3484.62
6 Months 6.580.853.433.632.78100.00
1 Year 8.005.676.696.547.30100.00
2 Years ------
3 Years ------
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 ROR1.751.100.460.59 - -
% Positive100.0066.6750.0066.67 - -
Avg. Pos. Period1.751.741.651.17 - -
Avg. Neg. Period - -0.16-0.72-0.57 - -
Sharpe0.003.491.202.10 - -
Sortino0.0041.352.724.94 - -
Std. Deviation0.001.101.340.98 - -
Down. Deviation0.000.090.580.41 - -

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.