NOR Global Makro AS

NOR Global Makro

Strategy Description

NOR Global Makro is discretionary global macro fund seeking to generate absolute returns in all market conditions over the medium term. The fund combines a long-term “high-conviction” macro vision with a shorter-term-focused opportunistic approach to achieve positive returns in all market environments. NOR Global Makro is designed to serve as an alternative to traditional asset classes such as bonds and equities by spreading an investor portfolio’s sources of expected returns and optimizing diversification.

Fund Information

General Information

NHX CategoryMulti-strategy
NHX CountryNorway
Legal StructureAlternative Investment Fund
Fund DomicileNorway
Minimum Investment2,000,000 NOK
AUM -
Inception DateApr 2018
Management Fee1.00%
Performance Fee20.00%

Company Information

CompanyNOR Global Makro AS
PrincipalMona Steensland Freuchen
AddressGamle Ringeriksvei 1
Stabekk, 1369
Phone+47 467 95 099
E-mail[email protected]
Websitewww.norglobalmakro.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 9.36 -18.55 -10.93
2022 6.53 10.20 8.10 -13.71 -15.82 -21.05 -6.83 -13.96 -9.56 -13.73 17.99 -5.33 -49.15
2021 5.92 -7.84 -1.16 4.44 -2.62 -3.76 0.77 4.04 -4.11 3.62 -4.99 -4.79 -11.01
2020 1.61 4.97 6.65 -3.85 -0.80 -0.55 0.50 -4.79 -0.78 -1.55 -3.46 3.25 0.53
2019 0.86 1.89 0.33 1.10 4.10 -5.92 3.00 10.73 -2.80 0.16 -2.95 0.80 10.89
2018 4.48 4.80 -0.23 -1.03 -0.26 0.69 0.03 0.25 1.70 10.74

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 -64.38% 35 0 04/2020 -
2 -5.92% 1 2 06/2019 08/2019
3 -5.52% 3 3 09/2019 02/2020
4 -1.51% 3 4 06/2018 12/2018
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-5.52%-4.13%-7.63%-3.62%-2.65%
% Positive33.33%33.33%25.00%37.50%36.11%
Avg. Pos. Period9.36%13.68%11.82%7.23%6.26%
Avg. Neg. Period-11.94%-11.79%-13.17%-9.33%-7.11%
Sharpe Ratio-1.47-0.89-2.03-1.10-0.94
Sortino Ratio-1.72-1.37-2.17-1.42-1.24
Monthly Volatility11.40%12.90%11.82%9.79%8.42%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 17.99%-21.05%-.91%.03%-18.55%50.85%
3 Months 26.91%-42.65%-2.31%-.60%-15.67%49.12%
6 Months 18.95%-58.43%-4.92%.03%-22.37%50.00%
1 Year 22.34%-61.42%-6.26%-1.76%-61.42%45.83%
2 Years 39.69%-59.62%-8.17%-.86%-58.71%47.22%
3 Years 22.10%-62.01%-13.23%4.50%-62.01%54.17%
5 Years ------

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

NOR Global Makro is discretionary global macro fund seeking to generate absolute returns in all market conditions over the medium term. The fund combines a long-term “high-conviction” macro vision with a shorter-term-focused opportunistic approach to achieve positive returns in all market environments. NOR Global Makro is designed to serve as an alternative to traditional asset classes such as bonds and equities by spreading an investor portfolio’s sources of expected returns and optimizing diversification.

Fund Information

General Information

NHX CategoryMulti-strategy
NHX CountryNorway
Legal StructureAlternative Investment Fund
Fund DomicileNorway
Minimum Investment2,000,000 NOK
AUM -
Inception DateApr 2018
Management Fee1.00%
Performance Fee20.00%

Company Information

CompanyNOR Global Makro AS
PrincipalMona Steensland Freuchen
AddressGamle Ringeriksvei 1
Stabekk, 1369
Phone+47 467 95 099
E-mail[email protected]
Websitewww.norglobalmakro.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 9.36 -18.55 -10.93
2022 6.53 10.20 8.10 -13.71 -15.82 -21.05 -6.83 -13.96 -9.56 -13.73 17.99 -5.33 -49.15
2021 5.92 -7.84 -1.16 4.44 -2.62 -3.76 0.77 4.04 -4.11 3.62 -4.99 -4.79 -11.01
2020 1.61 4.97 6.65 -3.85 -0.80 -0.55 0.50 -4.79 -0.78 -1.55 -3.46 3.25 0.53
2019 0.86 1.89 0.33 1.10 4.10 -5.92 3.00 10.73 -2.80 0.16 -2.95 0.80 10.89
2018 4.48 4.80 -0.23 -1.03 -0.26 0.69 0.03 0.25 1.70 10.74

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return -18.55%
3 Month Return -15.67%
Year to Date Return -10.93%
12 Month Return -61.42%
36 Month Return -62.01%
Total Return Annualized -13.24%
Winning Months (%) 50.85%
Average Winning Month 4.10%
Average Losing Month -6.10%
Total Return Cumulative -50.25%

Risk Statistics (12M)

1 Year
Sharpe Ratio-2.03
Sortino Ratio-2.17
Sterling-0.83
Calmar-0.96
Skewness1.13
Kurtosis0.63
Maximum Drawdown-64.31%
Correlation vs S&P 5000.53
Annualized Volatility40.95%
Annualized Down. Deviation16.89%

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 -64.38% 35 0 04/2020 -
2 -5.92% 1 2 06/2019 08/2019
3 -5.52% 3 3 09/2019 02/2020
4 -1.51% 3 4 06/2018 12/2018
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-5.52%-4.13%-7.63%-3.62%-2.65%
% Positive33.33%33.33%25.00%37.50%36.11%
Avg. Pos. Period9.36%13.68%11.82%7.23%6.26%
Avg. Neg. Period-11.94%-11.79%-13.17%-9.33%-7.11%
Sharpe Ratio-1.47-0.89-2.03-1.10-0.94
Sortino Ratio-1.72-1.37-2.17-1.42-1.24
Monthly Volatility11.40%12.90%11.82%9.79%8.42%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 17.99%-21.05%-.91%.03%-18.55%50.85%
3 Months 26.91%-42.65%-2.31%-.60%-15.67%49.12%
6 Months 18.95%-58.43%-4.92%.03%-22.37%50.00%
1 Year 22.34%-61.42%-6.26%-1.76%-61.42%45.83%
2 Years 39.69%-59.62%-8.17%-.86%-58.71%47.22%
3 Years 22.10%-62.01%-13.23%4.50%-62.01%54.17%
5 Years ------

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

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.