Borea Asset Management AS

Borea Global Equities

Strategy Description

Borea Global Equities is an absolute return fund doing fundamental analysis using a bottom-up approach. The fund seeks to invest in companies trading at a discount to their conservative estimates of company values. Borea Global Equities predominantly uses long and short positions, as well as acquires financial derivatives to increase returns and manager risk. The fund purchases options during periods of low volatility so as to acquire cheap insurance on their portfolio.

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureFund
Fund DomicileNorway
Minimum Investment1,000,000 NOK
AUM -
Highwater MarkNo
Inception DateOct 2011
Management Fee1.5%
Performance Fee10%

Company Information

CompanyBorea Asset Management AS
PrincipalWilly Helleland
AddressKalfarveien 76
Bergen, 5828
Phone+47 53 00 29 00
Emailinfo@@borea.as
Websitehttp://www.borea.no/

Monthly Performance

  JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Year
2017 1.83 3.09 0.49 3.15 -0.09 0.01 2.03 0.47 1.56 2.15 0.52 2.60 19.25
2016 -9.79 -2.82 2.45 -1.15 5.78 -3.06 4.03 0.81 -0.83 1.88 3.10 -1.16 -1.70
2015 2.98 2.79 5.84 -4.63 4.90 -1.75 5.92 -6.82 -0.66 7.41 2.58 -0.02 18.94
2014 1.14 0.87 -2.39 -2.18 0.80 2.73 2.81 0.00 -0.11 3.30 5.57 3.90 17.38
2013 8.02 4.26 1.70 2.18 4.62 -0.98 1.59 -1.69 6.09 3.53 5.90 1.90 43.52
2012 4.38 2.73 1.86 1.00 -2.75 0.57 3.11 1.05 0.64 -2.46 2.08 0.17 12.84
2011 10.00 -0.57 0.30 9.70
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 2.60
3 Month ROR 5.35
Year To Date 19.25
12 Month ROR 19.25
36 Month ROR 39.42
Compound ROR 18.62
Winning Months (%) 73.33
Average Winning Month 2.86
Average Losing Month -2.19
Total Return 190.73

Risk Statistics

Sharpe Ratio 1.61
Sortino Ratio 2.92
Sterling Ratio 0.70
Calmar Ratio 0.95
Skewness -0.43
Kurtosis 1.84
Maximum Drawdown -12.35
Correlation vs S&P 500 0.64
Average Losing Month -2.19
Standard Deviation (monthly) 3.20
Downside Deviation 1.70

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 -12.35 3 11 12/2015 01/2017
2 -7.43 2 2 08/2015 11/2015
3 -4.63 1 1 04/2015 05/2015
4 -4.52 2 3 03/2014 07/2014
5 -2.75 1 2 05/2012 07/2012

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.00-9.791.481.702.6072.00
3 Months 16.32-12.354.284.175.3579.45
6 Months 26.94-8.968.568.049.6890.00
1 Year 43.52-4.6517.7818.4219.2585.94
2 Years 68.4610.0938.2941.9317.22100.00
3 Years 100.7437.2365.3555.0139.42100.00
5 Years 134.86114.64123.67122.29134.86100.00

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 ROR2.601.751.551.480.660.93
% Positive100.00100.00100.0091.6770.8366.67
Avg. Pos. Period2.601.761.561.632.112.85
Avg. Neg. Period - - - -0.09-2.70-2.73
Sharpe0.005.566.084.390.800.97
Sortino0.000.000.00197.061.041.41
Std. Deviation0.001.090.891.173.063.53
Down. Deviation0.000.000.000.032.202.29

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.