Sector Gamma AS

Sector Healthcare Fund

Strategy Description

Sector Healthcare is a global equity market-neutral fund investing in the global healthcare sector. The objective of the fund is to achieve attractive absolute returns with a volatility of 6%-10% and without correlation to equity markets overall. The fund is based on a fundamentally-driven model for bottom-up stock valuation within the global healthcare and biotech sectors. The portfolio normally contains 20-40 long positions and 25-45 short positions. The healthcare sector is dominated by company-specific factors such as new product introductions, as well as the inherent cyclicality caused by individual patent expirations. Given the dynamic nature of the industry, it has historically been an attractive universe for active stock selection strategies.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureOpen Ended Investment Fund
Fund DomicileIreland
Minimum Investment100,000 EUR
AUM -
Inception DateSep 2005
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanySector Gamma AS
PrincipalTrond Horneland
AddressKristian Augusts Gate 15C
Oslo, 0164
Phone+47 23 01 29 00
E-mail[email protected]
Websitewww.sectorgamma.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 1.17 -0.13 -0.96 1.83 -0.84 2.16 -1.38 -1.26 0.52
2022 2.29 -0.99 -0.73 1.81 0.74 0.34 -2.36 0.09 0.84 0.94 -0.80 0.83 2.95
2021 2.03 -1.47 1.04 -0.71 -0.05 -0.76 -2.43 -0.73 -0.64 -1.10 -0.82 -0.57 -6.10
2020 -1.27 1.19 -1.20 1.90 -0.77 -1.85 -1.54 -0.64 -1.13 0.90 -1.12 -0.11 -5.57
2019 3.36 0.15 -0.50 0.60 -2.33 -0.04 1.32 -0.69 0.60 -0.39 1.43 0.41 3.88
2018 -0.46 1.05 1.65 0.03 0.88 0.78 0.40 0.66 0.35 -0.31 -0.97 -0.47 3.62
2017 0.55 1.37 -0.07 0.68 0.54 0.09 -0.23 -0.02 0.32 -1.75 -0.61 -0.38 0.46
2016 0.04 0.55 1.11 1.33 1.17 0.89 0.83 0.85 1.29 0.68 0.99 0.37 10.57
2015 -0.36 1.11 1.75 0.10 0.34 1.23 -0.77 4.02 -1.07 3.21 0.90 -0.09 10.74
2014 0.85 0.29 0.94 -0.26 0.83 -0.79 0.56 -0.59 -1.02 -0.42 0.10 2.57 3.05
2013 2.22 -0.30 1.15 0.85 1.53 0.28 1.76 0.73 -0.60 -0.83 0.69 0.70 8.44
2012 -0.06 -0.44 1.72 0.67 0.78 2.07 -0.30 0.80 1.48 -1.10 0.73 -0.01 6.48
2011 -1.53 -1.12 -1.37 2.70 0.85 -0.97 -1.10 1.93 -0.55 1.20 -0.80 -0.20 -1.06
2010 0.97 0.35 2.05 -0.20 -0.35 -0.49 3.60 -0.83 -0.16 -0.51 0.35 1.14 5.99
2009 2.80 0.27 4.53 1.43 0.43 0.24 -0.31 0.84 0.73 -1.24 -0.26 -0.35 9.36
2008 -0.81 0.11 -0.07 3.11 2.09 -2.63 3.54 0.51 0.32 0.04 2.18 2.24 10.97
2007 2.07 0.90 1.41 0.71 1.21 1.06 1.00 1.27 0.52 2.17 2.75 -0.73 15.27
2006 -0.62 1.88 2.48 1.45 2.08 1.15 1.78 2.21 1.48 -0.90 2.54 0.59 17.29
2005 -1.22 -1.00 1.04 2.30 1.08

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 -11.85% 20 0 05/2020 -
2 -3.99% 8 12 08/2010 03/2012
3 -3.17% 4 4 10/2017 05/2018
4 -2.63% 1 1 06/2008 07/2008
5 -2.37% 2 6 05/2019 12/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.17%-0.09%0.19%0.01%-0.12%
% Positive33.33%33.33%50.00%45.83%38.89%
Avg. Pos. Period2.16%2.00%1.30%1.19%1.22%
Avg. Neg. Period-1.32%-1.11%-0.90%-0.97%-0.96%
Sharpe Ratio-0.34-0.180.580.05-0.32
Sortino Ratio-0.56-0.320.960.05-0.48
Monthly Volatility1.64%1.48%1.19%1.23%1.23%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 4.53%-2.63%.44%.40%-1.26%60.19%
3 Months 7.75%-4.11%1.36%1.54%-.52%73.36%
6 Months 14.17%-6.32%2.77%2.57%-.51%77.73%
1 Year 20.50%-7.06%5.55%4.36%2.34%82.93%
2 Years 39.32%-11.33%11.08%10.26%.28%81.35%
3 Years 55.80%-10.09%17.07%17.95%-4.26%83.98%
5 Years 77.10%-6.02%29.73%33.13%-6.02%85.35%

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

Sector Healthcare is a global equity market-neutral fund investing in the global healthcare sector. The objective of the fund is to achieve attractive absolute returns with a volatility of 6%-10% and without correlation to equity markets overall. The fund is based on a fundamentally-driven model for bottom-up stock valuation within the global healthcare and biotech sectors. The portfolio normally contains 20-40 long positions and 25-45 short positions. The healthcare sector is dominated by company-specific factors such as new product introductions, as well as the inherent cyclicality caused by individual patent expirations. Given the dynamic nature of the industry, it has historically been an attractive universe for active stock selection strategies.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureOpen Ended Investment Fund
Fund DomicileIreland
Minimum Investment100,000 EUR
AUM -
Inception DateSep 2005
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanySector Gamma AS
PrincipalTrond Horneland
AddressKristian Augusts Gate 15C
Oslo, 0164
Phone+47 23 01 29 00
E-mail[email protected]
Websitewww.sectorgamma.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 1.17 -0.13 -0.96 1.83 -0.84 2.16 -1.38 -1.26 0.52
2022 2.29 -0.99 -0.73 1.81 0.74 0.34 -2.36 0.09 0.84 0.94 -0.80 0.83 2.95
2021 2.03 -1.47 1.04 -0.71 -0.05 -0.76 -2.43 -0.73 -0.64 -1.10 -0.82 -0.57 -6.10
2020 -1.27 1.19 -1.20 1.90 -0.77 -1.85 -1.54 -0.64 -1.13 0.90 -1.12 -0.11 -5.57
2019 3.36 0.15 -0.50 0.60 -2.33 -0.04 1.32 -0.69 0.60 -0.39 1.43 0.41 3.88
2018 -0.46 1.05 1.65 0.03 0.88 0.78 0.40 0.66 0.35 -0.31 -0.97 -0.47 3.62
2017 0.55 1.37 -0.07 0.68 0.54 0.09 -0.23 -0.02 0.32 -1.75 -0.61 -0.38 0.46
2016 0.04 0.55 1.11 1.33 1.17 0.89 0.83 0.85 1.29 0.68 0.99 0.37 10.57
2015 -0.36 1.11 1.75 0.10 0.34 1.23 -0.77 4.02 -1.07 3.21 0.90 -0.09 10.74
2014 0.85 0.29 0.94 -0.26 0.83 -0.79 0.56 -0.59 -1.02 -0.42 0.10 2.57 3.05
2013 2.22 -0.30 1.15 0.85 1.53 0.28 1.76 0.73 -0.60 -0.83 0.69 0.70 8.44
2012 -0.06 -0.44 1.72 0.67 0.78 2.07 -0.30 0.80 1.48 -1.10 0.73 -0.01 6.48
2011 -1.53 -1.12 -1.37 2.70 0.85 -0.97 -1.10 1.93 -0.55 1.20 -0.80 -0.20 -1.06
2010 0.97 0.35 2.05 -0.20 -0.35 -0.49 3.60 -0.83 -0.16 -0.51 0.35 1.14 5.99
2009 2.80 0.27 4.53 1.43 0.43 0.24 -0.31 0.84 0.73 -1.24 -0.26 -0.35 9.36
2008 -0.81 0.11 -0.07 3.11 2.09 -2.63 3.54 0.51 0.32 0.04 2.18 2.24 10.97
2007 2.07 0.90 1.41 0.71 1.21 1.06 1.00 1.27 0.52 2.17 2.75 -0.73 15.27
2006 -0.62 1.88 2.48 1.45 2.08 1.15 1.78 2.21 1.48 -0.90 2.54 0.59 17.29
2005 -1.22 -1.00 1.04 2.30 1.08

Portfolio Managers

   
No data filled

Return Statistics

Last Month Return -1.26%
3 Month Return -0.52%
Year to Date Return 0.52%
12 Month Return 2.34%
36 Month Return -4.26%
Total Return Annualized 5.25%
Winning Months (%) 60.19%
Average Winning Month 1.24%
Average Losing Month -0.78%
Total Return Cumulative 151.38%

Risk Statistics (12M)

1 Year
Sharpe Ratio0.58
Sortino Ratio0.96
Sterling0.19
Calmar0.89
Skewness0.19
Kurtosis-1.03
Maximum Drawdown-2.62%
Correlation vs S&P 5000.08
Annualized Volatility4.12%
Annualized Down. Deviation1.39%

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 -11.85% 20 0 05/2020 -
2 -3.99% 8 12 08/2010 03/2012
3 -3.17% 4 4 10/2017 05/2018
4 -2.63% 1 1 06/2008 07/2008
5 -2.37% 2 6 05/2019 12/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.17%-0.09%0.19%0.01%-0.12%
% Positive33.33%33.33%50.00%45.83%38.89%
Avg. Pos. Period2.16%2.00%1.30%1.19%1.22%
Avg. Neg. Period-1.32%-1.11%-0.90%-0.97%-0.96%
Sharpe Ratio-0.34-0.180.580.05-0.32
Sortino Ratio-0.56-0.320.960.05-0.48
Monthly Volatility1.64%1.48%1.19%1.23%1.23%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 4.53%-2.63%.44%.40%-1.26%60.19%
3 Months 7.75%-4.11%1.36%1.54%-.52%73.36%
6 Months 14.17%-6.32%2.77%2.57%-.51%77.73%
1 Year 20.50%-7.06%5.55%4.36%2.34%82.93%
2 Years 39.32%-11.33%11.08%10.26%.28%81.35%
3 Years 55.80%-10.09%17.07%17.95%-4.26%83.98%
5 Years 77.10%-6.02%29.73%33.13%-6.02%85.35%

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.

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Data and information is provided for informational purposes only. Past performance is not necessarily indicative of future results.

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