Nordic Archipelago Investments AB

Chelonia Market Neutral

Strategy Description

Chelonia Market Neutral is a hedge fund that seeks to achieve a positive return independent from the direction of the equity market. The fund aims to maintain a market-neutral equity exposure but can have a net long or net short exposure that reaches a maximum 30 percent of the fund's value. The fund’s gross exposure must not exceed 300 percent of its value. The investment strategy employed by Chelonia Market Neutral is based on fundamental equity analysis where evolutionary trends play an important role. The fund's objective is to generate a positive return (alpha) that is higher than the risk-free rate, independent of the direction of the equity market (beta). The fund can also invest in bonds and other interest-related instruments. Chelonia Market Neutral has no investment restrictions regarding geographic regions, but the fund operates as a global fund with a focus on the Nordic region, Europe and the United States. 

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureAlternative Investment Fund
Fund DomicileSweden
Minimum Investment10,000 SEK
AUM -
Inception DateDec 2017
Management Fee1.00%
Performance Fee20.00%

Company Information

CompanyNordic Archipelago Investments AB
PrincipalMagnus Angenfelt, Head Portfolio Manager
AddressSkeppargatan 27
Stockholm, SE-103 61
Phone+46-8-25 40 60
E-mail[email protected]
Websitewww.archipelago-investments.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.85 6.03 4.70 -1.44 10.34
2023 -1.21 -4.97 0.48 -1.33 -1.66 0.07 0.90 -1.83 -2.00 1.47 2.63 2.30 -5.28
2022 -3.80 -1.02 2.49 3.78 -1.26 -1.63 -0.69 0.96 -3.06 -1.26 0.48 1.05 -4.16
2021 4.04 1.48 1.48 3.92 -0.63 1.01 0.95 0.15 -0.85 -1.85 2.28 -2.19 10.00
2020 2.67 -2.77 -10.47 6.02 1.11 0.95 4.92 0.28 0.43 -4.29 1.05 4.16 2.95
2019 -0.54 0.51 -2.24 3.19 -3.20 0.87 -0.03 -4.53 -0.79 1.45 -1.03 -0.60 -6.95
2018 -1.58 1.54 -0.52 -2.09 0.21 0.26 3.11 2.65 1.13 -0.07 0.58 -3.30 1.74
2017 -0.33 -0.33

Portfolio Managers

Magnus Angenfelt's experience includes Co-Founder, CEO, CIO and Portfolio Manager of the TMT focused Equity Long/Short Market Neutral Hedge Fund Manticore (2000-11) and Financial Analyst within the Global Equity Long/Short Hedge Fund Zenit (1998-00), both funds part of Brummer and Partners. In 2013 Magnus published a book; “The World’s 99 Greatest Investors – The Secret of Success”, providing a brief resumé of the investors' investment philosophy and style, and sharing their advice and insights. From 2015 until May 2017, Magnus was Head Portfolio Manager of Zmart Alfa an Equity Market Neutral UCITS Fund. From Dec 2017, Magnus is Partner and Head Portfolio Manager of the Hedge Fund Chelonia Market Neutral.

Advisory Board - a team of four (4) Senior Advisors provide portfolio management with strategic advice and “wise counsel” on issues raised by the portfolio management.

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. 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 fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds 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.

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 MONTH ROLLING ROR Return

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -19.58% 16 13 12/2018 04/2021
2 -17.04% 25 0 09/2021 -
3 -2.98% 5 3 12/2017 07/2018
4 -0.63% 1 1 05/2021 06/2021
5 -0.07% 1 1 10/2018 11/2018

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return3.04%2.48%0.97%-0.05%-0.03%
% Positive66.67%83.33%66.67%50.00%50.00%
Avg. Pos. Period5.36%3.30%2.37%1.83%1.81%
Avg. Neg. Period-1.44%-1.44%-1.73%-1.86%-1.82%
Sharpe Ratio3.303.571.39-0.030.00
Sortino Ratio12.7114.663.34-0.10-0.07
Monthly Volatility3.25%2.43%2.49%2.35%2.27%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.03%-10.47%0.12%0.26%-1.44%54.55%
3 Months 11.95%-10.63%0.39%-0.58%9.41%44.00%
6 Months 19.27%-10.80%0.42%-1.55%15.85%43.06%
1 Year 23.42%-14.90%-0.11%-1.66%12.30%43.94%
2 Years 23.65%-16.33%0.33%-0.49%-1.08%50.00%
3 Years 14.56%-6.73%3.91%4.33%-1.03%80.95%
5 Years 9.59%-12.72%-2.66%-3.23%4.68%33.33%

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

AUM (EUR)

Chart not applicable - The program has no AUM data

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. 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 fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds 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.

Strategy Description

Chelonia Market Neutral is a hedge fund that seeks to achieve a positive return independent from the direction of the equity market. The fund aims to maintain a market-neutral equity exposure but can have a net long or net short exposure that reaches a maximum 30 percent of the fund's value. The fund’s gross exposure must not exceed 300 percent of its value. The investment strategy employed by Chelonia Market Neutral is based on fundamental equity analysis where evolutionary trends play an important role. The fund's objective is to generate a positive return (alpha) that is higher than the risk-free rate, independent of the direction of the equity market (beta). The fund can also invest in bonds and other interest-related instruments. Chelonia Market Neutral has no investment restrictions regarding geographic regions, but the fund operates as a global fund with a focus on the Nordic region, Europe and the United States. 

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureAlternative Investment Fund
Fund DomicileSweden
Minimum Investment10,000 SEK
AUM -
Inception DateDec 2017
Management Fee1.00%
Performance Fee20.00%

Company Information

CompanyNordic Archipelago Investments AB
PrincipalMagnus Angenfelt, Head Portfolio Manager
AddressSkeppargatan 27
Stockholm, SE-103 61
Phone+46-8-25 40 60
E-mail[email protected]
Websitewww.archipelago-investments.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.85 6.03 4.70 -1.44 10.34
2023 -1.21 -4.97 0.48 -1.33 -1.66 0.07 0.90 -1.83 -2.00 1.47 2.63 2.30 -5.28
2022 -3.80 -1.02 2.49 3.78 -1.26 -1.63 -0.69 0.96 -3.06 -1.26 0.48 1.05 -4.16
2021 4.04 1.48 1.48 3.92 -0.63 1.01 0.95 0.15 -0.85 -1.85 2.28 -2.19 10.00
2020 2.67 -2.77 -10.47 6.02 1.11 0.95 4.92 0.28 0.43 -4.29 1.05 4.16 2.95
2019 -0.54 0.51 -2.24 3.19 -3.20 0.87 -0.03 -4.53 -0.79 1.45 -1.03 -0.60 -6.95
2018 -1.58 1.54 -0.52 -2.09 0.21 0.26 3.11 2.65 1.13 -0.07 0.58 -3.30 1.74
2017 -0.33 -0.33

Portfolio Managers

Magnus Angenfelt's experience includes Co-Founder, CEO, CIO and Portfolio Manager of the TMT focused Equity Long/Short Market Neutral Hedge Fund Manticore (2000-11) and Financial Analyst within the Global Equity Long/Short Hedge Fund Zenit (1998-00), both funds part of Brummer and Partners. In 2013 Magnus published a book; “The World’s 99 Greatest Investors – The Secret of Success”, providing a brief resumé of the investors' investment philosophy and style, and sharing their advice and insights. From 2015 until May 2017, Magnus was Head Portfolio Manager of Zmart Alfa an Equity Market Neutral UCITS Fund. From Dec 2017, Magnus is Partner and Head Portfolio Manager of the Hedge Fund Chelonia Market Neutral.

Advisory Board - a team of four (4) Senior Advisors provide portfolio management with strategic advice and “wise counsel” on issues raised by the portfolio management.

Return Statistics

Last Month Return -1.44%
3 Month Return 9.41%
Year to Date Return 10.34%
12 Month Return 12.30%
36 Month Return -1.03%
Total Return Annualized 1.07%
Winning Months (%) 54.55%
Average Winning Month 1.92%
Average Losing Month -2.03%
Total Return Cumulative 7.05%

Risk Statistics (12M)

1 Year
Sharpe Ratio1.39
Sortino Ratio3.34
Sterling0.85
Calmar2.75
Skewness0.71
Kurtosis0.34
Maximum Drawdown-4.47%
Correlation vs S&P 5000.64
Annualized Volatility8.63%
Annualized Down. Deviation0.72%

Risk/Return Comparison

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 MONTH ROLLING ROR Return

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -19.58% 16 13 12/2018 04/2021
2 -17.04% 25 0 09/2021 -
3 -2.98% 5 3 12/2017 07/2018
4 -0.63% 1 1 05/2021 06/2021
5 -0.07% 1 1 10/2018 11/2018

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return3.04%2.48%0.97%-0.05%-0.03%
% Positive66.67%83.33%66.67%50.00%50.00%
Avg. Pos. Period5.36%3.30%2.37%1.83%1.81%
Avg. Neg. Period-1.44%-1.44%-1.73%-1.86%-1.82%
Sharpe Ratio3.303.571.39-0.030.00
Sortino Ratio12.7114.663.34-0.10-0.07
Monthly Volatility3.25%2.43%2.49%2.35%2.27%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.03%-10.47%0.12%0.26%-1.44%54.55%
3 Months 11.95%-10.63%0.39%-0.58%9.41%44.00%
6 Months 19.27%-10.80%0.42%-1.55%15.85%43.06%
1 Year 23.42%-14.90%-0.11%-1.66%12.30%43.94%
2 Years 23.65%-16.33%0.33%-0.49%-1.08%50.00%
3 Years 14.56%-6.73%3.91%4.33%-1.03%80.95%
5 Years 9.59%-12.72%-2.66%-3.23%4.68%33.33%

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

AUM (EUR)

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. 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 fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds 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.