SEB Asset Management S.A.

SEB Alternative Fixed Income

Strategy Description

SEB Alternative Fixed Income’s objective is to deliver an attractive risk-adjusted return, through medium to long-term capital growth and a moderate level of risk. The Fund has an absolute return target aiming to generate a positive return regardless of the direction of the general bond and stock markets. The fund mainly invests in the European investment grade credit market including corporate debt, bank and insurance debt, using cash instruments as well as derivatives such as credit default swaps (CDS) on single names and indices. Five main investment strategies are employed: Hedged Value, Relative Value, Macro Trading, Micro Trading and Cash Management. This multi-strategy approach to credit investing is aimed at providing a rich set of investment opportunities during all stages of the credit cycle. To attain the objective derivatives and leverage could be used as well as hedging through non-credit markets.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountrySweden
Legal StructureSICAV
Fund DomicileLuxembourg
Minimum Investment1,000,000 SEK
AUM -
Inception DateJan 2012
Management Fee0.65%
Performance Fee15.00%

Company Information

CompanySEB Asset Management S.A.
PrincipalJonas Molin
AddressStjärntorget 4
Solna, SE-169 79
Phone+46-771-365 365
E-mail -
Websitewww.seb.se/fonder
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2020 0.49 -0.59 -1.13 -0.01 -1.24
2019 0.35 -0.62 -0.48 -0.56 -0.32 -0.44 -0.21 0.78 0.25 -0.49 -0.14 -0.41 -2.28
2018 0.62 0.60 -0.69 -0.33 -0.30 -0.22 0.07 -1.00 0.05 0.28 -0.63 -0.99 -2.53
2017 0.14 -0.95 0.25 -0.23 0.16 0.27 -0.06 -0.66 0.17 -0.20 -1.02 -0.33 -2.44
2016 -0.89 0.17 -0.34 0.94 0.24 -0.88 0.57 0.74 -0.47 0.62 0.62 0.64 1.95
2015 0.86 0.66 0.27 0.16 0.24 -0.38 -0.04 0.26 -1.07 0.18 -0.12 0.32 1.33
2014 0.18 0.40 -0.34 0.85 0.37 0.26 0.00 -0.11 -1.04 0.06 -0.44 0.19 0.37
2013 0.36 0.21 0.04 0.27 0.18 -0.46 0.64 0.26 0.21 0.77 0.03 0.55 3.10
2012 1.40 1.04 0.74 0.14 0.10 0.13 0.54 0.75 0.52 0.60 0.26 0.03 6.42

Portfolio Managers

 
No data filled

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 -8.36% 39 0 02/2017 -
2 -1.90% 10 8 06/2015 11/2016
3 -1.52% 4 3 08/2014 02/2015
4 -0.46% 1 1 06/2013 07/2013
5 -0.34% 1 1 03/2014 04/2014

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.58%-0.30%-0.19%-0.26%-0.22%
% Positive0.00%16.67%25.00%29.17%33.33%
Avg. Pos. Period - 0.49%0.51%0.32%0.34%
Avg. Neg. Period-0.58%-0.46%-0.42%-0.50%-0.49%
Sharpe Ratio-4.37-2.05-1.31-1.92-1.54
Sortino Ratio-2.72-1.89-1.44-1.84-1.58
Monthly Volatility0.46%0.50%0.49%0.47%0.48%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 1.40%-1.13%0.04%0.15%-0.01%60.00%
3 Months 3.21%-1.72%0.11%0.19%-1.72%54.08%
6 Months 3.60%-2.90%0.20%0.07%-1.78%51.58%
1 Year 6.42%-4.49%0.31%0.73%-2.21%57.30%
2 Years 9.72%-6.66%0.62%0.92%-6.11%63.64%
3 Years 10.12%-7.70%1.01%1.55%-7.49%60.00%
5 Years 13.77%-7.01%1.80%1.46%-7.01%58.54%

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

SEB Alternative Fixed Income’s objective is to deliver an attractive risk-adjusted return, through medium to long-term capital growth and a moderate level of risk. The Fund has an absolute return target aiming to generate a positive return regardless of the direction of the general bond and stock markets. The fund mainly invests in the European investment grade credit market including corporate debt, bank and insurance debt, using cash instruments as well as derivatives such as credit default swaps (CDS) on single names and indices. Five main investment strategies are employed: Hedged Value, Relative Value, Macro Trading, Micro Trading and Cash Management. This multi-strategy approach to credit investing is aimed at providing a rich set of investment opportunities during all stages of the credit cycle. To attain the objective derivatives and leverage could be used as well as hedging through non-credit markets.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountrySweden
Legal StructureSICAV
Fund DomicileLuxembourg
Minimum Investment1,000,000 SEK
AUM -
Inception DateJan 2012
Management Fee0.65%
Performance Fee15.00%

Company Information

CompanySEB Asset Management S.A.
PrincipalJonas Molin
AddressStjärntorget 4
Solna, SE-169 79
Phone+46-771-365 365
E-mail -
Websitewww.seb.se/fonder
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2020 0.49 -0.59 -1.13 -0.01 -1.24
2019 0.35 -0.62 -0.48 -0.56 -0.32 -0.44 -0.21 0.78 0.25 -0.49 -0.14 -0.41 -2.28
2018 0.62 0.60 -0.69 -0.33 -0.30 -0.22 0.07 -1.00 0.05 0.28 -0.63 -0.99 -2.53
2017 0.14 -0.95 0.25 -0.23 0.16 0.27 -0.06 -0.66 0.17 -0.20 -1.02 -0.33 -2.44
2016 -0.89 0.17 -0.34 0.94 0.24 -0.88 0.57 0.74 -0.47 0.62 0.62 0.64 1.95
2015 0.86 0.66 0.27 0.16 0.24 -0.38 -0.04 0.26 -1.07 0.18 -0.12 0.32 1.33
2014 0.18 0.40 -0.34 0.85 0.37 0.26 0.00 -0.11 -1.04 0.06 -0.44 0.19 0.37
2013 0.36 0.21 0.04 0.27 0.18 -0.46 0.64 0.26 0.21 0.77 0.03 0.55 3.10
2012 1.40 1.04 0.74 0.14 0.10 0.13 0.54 0.75 0.52 0.60 0.26 0.03 6.42

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return -
3 Month Return -1.72%
Year to Date Return -1.24%
12 Month Return -2.21%
36 Month Return -7.49%
Total Return Annualized 0.52%
Winning Months (%) 60.00%
Average Winning Month 0.40%
Average Losing Month -0.50%
Total Return Cumulative 4.41%

Risk Statistics (12M)

1 Year
Sharpe Ratio-1.31
Sortino Ratio-1.44
Sterling-0.18
Calmar-0.98
Skewness0.30
Kurtosis1.26
Maximum Drawdown-2.27%
Correlation vs S&P 5000.37
Annualized Volatility1.70%
Annualized Down. Deviation1.06%

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 -8.36% 39 0 02/2017 -
2 -1.90% 10 8 06/2015 11/2016
3 -1.52% 4 3 08/2014 02/2015
4 -0.46% 1 1 06/2013 07/2013
5 -0.34% 1 1 03/2014 04/2014

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.58%-0.30%-0.19%-0.26%-0.22%
% Positive0.00%16.67%25.00%29.17%33.33%
Avg. Pos. Period - 0.49%0.51%0.32%0.34%
Avg. Neg. Period-0.58%-0.46%-0.42%-0.50%-0.49%
Sharpe Ratio-4.37-2.05-1.31-1.92-1.54
Sortino Ratio-2.72-1.89-1.44-1.84-1.58
Monthly Volatility0.46%0.50%0.49%0.47%0.48%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 1.40%-1.13%0.04%0.15%-0.01%60.00%
3 Months 3.21%-1.72%0.11%0.19%-1.72%54.08%
6 Months 3.60%-2.90%0.20%0.07%-1.78%51.58%
1 Year 6.42%-4.49%0.31%0.73%-2.21%57.30%
2 Years 9.72%-6.66%0.62%0.92%-6.11%63.64%
3 Years 10.12%-7.70%1.01%1.55%-7.49%60.00%
5 Years 13.77%-7.01%1.80%1.46%-7.01%58.54%

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.