Sector Epsilon AS

Sector EuroPower Fund

Strategy Description

Sector EuroPower is a commodity derivatives trading fund focused on the Nordic power market. The objectives of the Fund are to achieve attractive absolute returns with a standard deviation of 10-15% and no correlation to any financial market or asset class. The investment process behind Sector EuroPower employs fundamental strategies using directional positions and spreads in the Nordic power market. The team performs fundamental analysis of macro, weather and supply/demand-related variables in an active trading strategy. Market behaviour, liquidity and valuations are essential to the implementation of the strategy and management of risk. All major positions are placed in liquid products such as futures, forwards and options, which are all cleared with Nasdaq OMX, the Nordic Power Exchange.

Fund Information

General Information

NHX CategoryDiversified
NHX CountryNorway
Legal StructureOpen Ended Investment Fund
Fund DomicileIreland
Minimum Investment100,000 EUR
AUM74M EUR
Inception DateDec 2006
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanySector Epsilon AS
PrincipalThor Lien
AddressFilipstad Brygge 2
Oslo, 0125
Phone+47 23 01 29 00
E-mail[email protected]
Website -
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2017 -2.65 -2.65
2016 -2.34 -0.32 -4.83 -1.70 -3.20 -0.94 -1.44 -0.51 2.52 4.58 -4.43 2.38 -10.17
2015 0.45 3.47 -0.13 0.87 3.54 0.61 3.03 -2.07 0.35 -1.20 -0.08 0.63 9.71
2014 1.40 1.02 0.68 -1.51 -0.27 -0.59 -3.26 -0.81 -0.24 2.04 -1.58 2.92 -0.36
2013 0.26 -2.45 -6.49 1.55 2.33 5.13 -4.63 -0.32 -4.14 3.37 0.29 4.96 -0.93
2012 -6.05 2.58 7.39 -0.53 2.97 -0.70 7.70 -2.16 1.66 0.12 0.00 -0.86 11.93
2011 -9.28 0.26 3.03 0.91 -2.10 -7.37 -0.02 -2.04 5.20 0.32 3.71 5.78 -2.76
2010 6.94 12.34 -8.74 2.89 -1.16 -1.50 -2.38 1.34 -0.53 -0.91 5.45 11.81 26.26
2009 -2.12 2.00 -0.23 0.52 -0.34 -1.07 -0.33 -0.65 -2.10 4.36 -3.65 2.23 -1.63
2008 -2.15 3.74 0.10 1.32 2.51 8.18 -4.82 0.65 0.34 -0.65 -0.49 -0.30 8.17
2007 -0.23 1.66 -0.58 0.74 1.03 -3.79 3.80 0.86 0.53 6.44 -1.57 1.08 10.05
2006 0.54 0.54

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 -16.40% 13 0 08/2015 -
2 -16.01% 8 7 01/2011 03/2012
3 -10.86% 8 2 03/2010 12/2010
4 -10.11% 14 5 08/2012 02/2014
5 -9.33% 15 5 07/2008 02/2010

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-1.61%0.27%-0.92%-0.19%-0.16%
% Positive33.33%50.00%25.00%41.67%41.67%
Avg. Pos. Period2.38%3.16%3.16%2.20%1.94%
Avg. Neg. Period-3.54%-2.53%-2.22%-1.85%-1.62%
Sharpe Ratio-1.880.35-1.11-0.23-0.22
Sortino Ratio-1.870.43-1.35-0.37-0.35
Monthly Volatility2.88%3.14%2.74%2.46%2.21%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 12.34%-9.28%0.41%0.11%-2.65%50.82%
3 Months 22.82%-9.44%1.23%1.08%-4.75%57.50%
6 Months 20.90%-14.24%2.47%1.92%1.60%58.12%
1 Year 28.58%-15.97%5.09%5.60%-10.45%71.17%
2 Years 29.83%-5.21%10.82%11.75%-4.49%81.82%
3 Years 42.31%-5.73%17.18%17.13%-5.73%94.25%
5 Years 59.04%8.89%32.71%32.60%12.83%100.00%

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.

Strategy Description

Sector EuroPower is a commodity derivatives trading fund focused on the Nordic power market. The objectives of the Fund are to achieve attractive absolute returns with a standard deviation of 10-15% and no correlation to any financial market or asset class. The investment process behind Sector EuroPower employs fundamental strategies using directional positions and spreads in the Nordic power market. The team performs fundamental analysis of macro, weather and supply/demand-related variables in an active trading strategy. Market behaviour, liquidity and valuations are essential to the implementation of the strategy and management of risk. All major positions are placed in liquid products such as futures, forwards and options, which are all cleared with Nasdaq OMX, the Nordic Power Exchange.

Fund Information

General Information

NHX CategoryDiversified
NHX CountryNorway
Legal StructureOpen Ended Investment Fund
Fund DomicileIreland
Minimum Investment100,000 EUR
AUM74M EUR
Inception DateDec 2006
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanySector Epsilon AS
PrincipalThor Lien
AddressFilipstad Brygge 2
Oslo, 0125
Phone+47 23 01 29 00
E-mail[email protected]
Website -
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2017 -2.65 -2.65
2016 -2.34 -0.32 -4.83 -1.70 -3.20 -0.94 -1.44 -0.51 2.52 4.58 -4.43 2.38 -10.17
2015 0.45 3.47 -0.13 0.87 3.54 0.61 3.03 -2.07 0.35 -1.20 -0.08 0.63 9.71
2014 1.40 1.02 0.68 -1.51 -0.27 -0.59 -3.26 -0.81 -0.24 2.04 -1.58 2.92 -0.36
2013 0.26 -2.45 -6.49 1.55 2.33 5.13 -4.63 -0.32 -4.14 3.37 0.29 4.96 -0.93
2012 -6.05 2.58 7.39 -0.53 2.97 -0.70 7.70 -2.16 1.66 0.12 0.00 -0.86 11.93
2011 -9.28 0.26 3.03 0.91 -2.10 -7.37 -0.02 -2.04 5.20 0.32 3.71 5.78 -2.76
2010 6.94 12.34 -8.74 2.89 -1.16 -1.50 -2.38 1.34 -0.53 -0.91 5.45 11.81 26.26
2009 -2.12 2.00 -0.23 0.52 -0.34 -1.07 -0.33 -0.65 -2.10 4.36 -3.65 2.23 -1.63
2008 -2.15 3.74 0.10 1.32 2.51 8.18 -4.82 0.65 0.34 -0.65 -0.49 -0.30 8.17
2007 -0.23 1.66 -0.58 0.74 1.03 -3.79 3.80 0.86 0.53 6.44 -1.57 1.08 10.05
2006 0.54 0.54

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return -
3 Month Return -4.75%
Year to Date Return -2.65%
12 Month Return -10.45%
36 Month Return -5.73%
Total Return Annualized 4.29%
Winning Months (%) 50.82%
Average Winning Month 2.80%
Average Losing Month -2.09%
Total Return Cumulative 53.24%

Risk Statistics (12M)

1 Year
Sharpe Ratio-1.11
Sortino Ratio-1.35
Sterling-0.47
Calmar-0.85
Skewness0.59
Kurtosis0.37
Maximum Drawdown-12.32%
Correlation vs S&P 500-0.73
Annualized Volatility9.50%
Annualized Down. Deviation5.40%

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 -16.40% 13 0 08/2015 -
2 -16.01% 8 7 01/2011 03/2012
3 -10.86% 8 2 03/2010 12/2010
4 -10.11% 14 5 08/2012 02/2014
5 -9.33% 15 5 07/2008 02/2010

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-1.61%0.27%-0.92%-0.19%-0.16%
% Positive33.33%50.00%25.00%41.67%41.67%
Avg. Pos. Period2.38%3.16%3.16%2.20%1.94%
Avg. Neg. Period-3.54%-2.53%-2.22%-1.85%-1.62%
Sharpe Ratio-1.880.35-1.11-0.23-0.22
Sortino Ratio-1.870.43-1.35-0.37-0.35
Monthly Volatility2.88%3.14%2.74%2.46%2.21%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 12.34%-9.28%0.41%0.11%-2.65%50.82%
3 Months 22.82%-9.44%1.23%1.08%-4.75%57.50%
6 Months 20.90%-14.24%2.47%1.92%1.60%58.12%
1 Year 28.58%-15.97%5.09%5.60%-10.45%71.17%
2 Years 29.83%-5.21%10.82%11.75%-4.49%81.82%
3 Years 42.31%-5.73%17.18%17.13%-5.73%94.25%
5 Years 59.04%8.89%32.71%32.60%12.83%100.00%

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.