Borea Obligasjon

Borea Asset Management AS

Strategy Description

Borea Obligasjon is a special fund that invests in hybrid capital instruments issued by banks. The fund may use derivatives for both hedging and investment purposes. Borea Obligasjon maintains a portfolio of hybrid capital instruments such as additional tier-1 (AT1) securities and contingent convertible capital instruments. The fund also can own other types of debt instruments such as subordinated debt, additional tier-2 (AT2) capital instruments, government bonds and bank deposits.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryNorway
Legal StructureSpecialized Investment Fund
Fund DomicileNorway
Minimum Investment1,000,000 NOK
AUM1,666M NOK
Inception DateAug 2019
Management Fee0.49%
Performance Fee10.00%

Company Information

CompanyBorea Asset Management AS
AddressKalfarveien 76
Bergen, 5022
Phone+47 53 00 29 00
E-mail[email protected]
Websitewww.borea.no/
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.93 0.44 0.89 0.52 1.27 0.73 4.87
2023 1.11 1.08 -1.69 1.24 0.74 0.43 1.36 1.18 -0.15 1.07 1.87 1.39 10.01
2022 0.70 -0.70 -0.18 0.71 -1.43 -0.91 1.73 0.50 -0.87 1.16 1.56 1.83 4.10
2021 0.50 0.74 0.35 0.85 0.35 0.52 0.21 0.54 0.23 0.06 -0.23 -0.09 4.10
2020 0.99 0.36 -9.19 9.14 2.17 2.49 0.50 1.22 0.10 -0.12 1.04 0.57 8.71
2019 0.63 0.65 0.91 0.60 0.60 3.44

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 -9.19% 1 2 03/2020 05/2020
2 -2.50% 5 5 02/2022 11/2022
3 -1.69% 1 2 03/2023 05/2023
4 -0.32% 2 1 11/2021 01/2022
5 -0.15% 1 1 09/2023 10/2023

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.84%0.80%0.96%0.84%0.53%
% Positive100.00%100.00%91.67%87.50%75.00%
Avg. Pos. Period0.84%0.80%1.06%1.10%0.94%
Avg. Neg. Period - - -0.15%-0.90%-0.69%
Sharpe Ratio9.219.986.553.642.12
Sortino Ratio0.000.0076.567.514.14
Monthly Volatility0.32%0.28%0.51%0.81%0.87%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 9.14%-9.19%0.60%0.63%0.73%81.36%
3 Months 14.28%-7.96%1.76%1.82%2.54%84.21%
6 Months 16.37%-6.01%3.47%3.35%4.87%87.04%
1 Year 20.00%-1.11%6.90%7.92%12.11%95.83%
2 Years 22.73%5.14%11.94%11.09%22.33%100.00%
3 Years 28.61%15.00%18.31%17.88%20.98%100.00%
5 Years ------

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

Borea Obligasjon is a special fund that invests in hybrid capital instruments issued by banks. The fund may use derivatives for both hedging and investment purposes. Borea Obligasjon maintains a portfolio of hybrid capital instruments such as additional tier-1 (AT1) securities and contingent convertible capital instruments. The fund also can own other types of debt instruments such as subordinated debt, additional tier-2 (AT2) capital instruments, government bonds and bank deposits.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryNorway
Legal StructureSpecialized Investment Fund
Fund DomicileNorway
Minimum Investment1,000,000 NOK
AUM1,666M NOK
Inception DateAug 2019
Management Fee0.49%
Performance Fee10.00%

Company Information

CompanyBorea Asset Management AS
AddressKalfarveien 76
Bergen, 5022
Phone+47 53 00 29 00
E-mail[email protected]
Websitewww.borea.no/
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.93 0.44 0.89 0.52 1.27 0.73 4.87
2023 1.11 1.08 -1.69 1.24 0.74 0.43 1.36 1.18 -0.15 1.07 1.87 1.39 10.01
2022 0.70 -0.70 -0.18 0.71 -1.43 -0.91 1.73 0.50 -0.87 1.16 1.56 1.83 4.10
2021 0.50 0.74 0.35 0.85 0.35 0.52 0.21 0.54 0.23 0.06 -0.23 -0.09 4.10
2020 0.99 0.36 -9.19 9.14 2.17 2.49 0.50 1.22 0.10 -0.12 1.04 0.57 8.71
2019 0.63 0.65 0.91 0.60 0.60 3.44

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return 0.73%
3 Month Return 2.54%
Year to Date Return 4.87%
12 Month Return 12.11%
36 Month Return 20.98%
Total Return Annualized 7.18%
Winning Months (%) 81.36%
Average Winning Month 1.06%
Average Losing Month -1.41%
Total Return Cumulative 40.60%

Risk Statistics (12M)

1 Year
Sharpe Ratio6.55
Sortino Ratio76.56
Sterling1.19
Calmar80.73
Skewness-0.55
Kurtosis1.65
Maximum Drawdown-0.15%
Correlation vs S&P 5000.64
Annualized Volatility1.76%
Annualized Down. Deviation0.00%

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 -9.19% 1 2 03/2020 05/2020
2 -2.50% 5 5 02/2022 11/2022
3 -1.69% 1 2 03/2023 05/2023
4 -0.32% 2 1 11/2021 01/2022
5 -0.15% 1 1 09/2023 10/2023

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.84%0.80%0.96%0.84%0.53%
% Positive100.00%100.00%91.67%87.50%75.00%
Avg. Pos. Period0.84%0.80%1.06%1.10%0.94%
Avg. Neg. Period - - -0.15%-0.90%-0.69%
Sharpe Ratio9.219.986.553.642.12
Sortino Ratio0.000.0076.567.514.14
Monthly Volatility0.32%0.28%0.51%0.81%0.87%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 9.14%-9.19%0.60%0.63%0.73%81.36%
3 Months 14.28%-7.96%1.76%1.82%2.54%84.21%
6 Months 16.37%-6.01%3.47%3.35%4.87%87.04%
1 Year 20.00%-1.11%6.90%7.92%12.11%95.83%
2 Years 22.73%5.14%11.94%11.09%22.33%100.00%
3 Years 28.61%15.00%18.31%17.88%20.98%100.00%
5 Years ------

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.