GP Bullhound Thyra Hedge

GP Bullhound Asset Management

Strategy Description

THYRA Hedge is a fundamentally oriented long/short equity hedge fund investing in undervalued shares and shorting overvalued shares globally. The fund’s investment selection process mainly focuses on rigorous fundamental research. The fund seeks to identify structural trends or themes within the technology sector and assess their impact on individual companies. THYRA Hedge typically identifies 4-5 technology investment themes, and employs extensive fundamental research to identify investments that are under or over-valued within each theme. This typically translates into 20-25 core holdings. The fund manages a concentrated portfolio to maximize the benefit of fundamental analysis, which results in stock picking with greater alpha creation.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureUCITS
Fund DomicileSweden
Minimum Investment1,000,000 SEK
AUM241M SEK
Inception DateNov 2006
Management Fee1.5%
Performance Fee20.00%
SFDR Classification -

Company Information

CompanyGP Bullhound Asset Management
AddressGrev Turegatan 30
Stockholm, 114 38
Phone
E-mail[email protected]
Websitewww.gpbullhound.com/funds/thyra-hedge/
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 5.11 4.00 0.87 -0.52 0.17 4.18 -3.19 -2.25 0.82 3.42 5.02 18.59
2023 5.96 -1.11 4.59 -4.22 6.35 1.84 1.04 0.47 -4.31 0.24 5.08 1.06 17.56
2022 -0.27 -0.13 -0.87 -3.62 0.78 -2.14 4.93 0.08 -5.00 2.32 3.72 -3.89 -4.50
2021 -0.28 1.72 1.08 -0.80 0.43 0.88 -0.08 0.07 -2.12 0.31 -1.93 -1.03 -1.81
2020 -0.07 -0.11 1.26 -0.04 2.99 1.31 0.11 -1.32 0.76 -0.92 0.70 1.43 6.20
2019 0.90 1.09 0.78 1.47 0.05 -0.27 0.52 -0.27 0.01 0.48 0.01 -0.18 4.67
2018 0.11 0.84 -0.61 1.18 0.02 -0.02 -0.15 -0.19 0.05 0.16 -1.53 -1.00 -1.16
2017 0.64 -1.58 0.19 -0.31 0.35 -0.85 0.92 0.07 0.44 1.11 -0.53 -0.03 0.39
2016 -1.63 -3.44 -0.07 1.41 1.09 -1.11 1.25 0.45 -0.28 0.94 -0.69 -0.68 -2.83
2015 0.01 1.66 0.55 1.64 0.86 0.23 0.16 -0.67 -1.05 0.24 1.19 -0.53 4.33
2014 3.77 2.42 -4.05 -8.87 3.26 3.78 2.75 1.43 1.14 3.70 -1.34 2.09 9.64
2013 -0.63 0.32 -1.27 -3.37 0.62 -0.08 -0.87 -0.05 1.00 -4.90 0.71 1.21 -7.25
2012 0.55 0.36 1.30 -0.24 -0.54 -0.27 0.94 1.20 -0.06 0.09 0.58 -0.69 3.24
2011 3.01 1.87 2.96 3.33 -0.24 -0.91 -0.44 -2.41 -2.75 1.25 2.33 0.59 8.68
2010 0.17 2.40 2.78 3.78 2.52 -7.50 -4.59 -0.29 2.55 1.02 1.03 3.94 7.38
2009 2.04 2.24 4.07 4.42 5.44 -0.35 1.35 3.44 10.10 -0.74 0.48 2.38 40.40
2008 1.43 0.16 -1.15 0.01 0.58 2.37 0.12 -0.46 -2.73 4.08 0.42 0.61 5.41
2007 0.66 -1.00 -0.25 -0.35 1.28 0.87 0.48 -0.05 2.53 1.88 -1.71 0.81 5.19
2006 0.07 0.88 0.95

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 -14.40% 17 6 12/2012 10/2014
2 -12.00% 3 6 06/2010 02/2011
3 -10.79% 15 8 07/2021 05/2023
4 -6.60% 5 11 05/2011 08/2012
5 -5.87% 8 40 08/2015 07/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return3.07%1.28%1.52%1.23%0.77%
% Positive100.00%66.67%75.00%70.83%61.11%
Avg. Pos. Period3.08%3.36%2.74%2.95%2.82%
Avg. Neg. Period - -2.72%-1.99%-2.78%-2.33%
Sharpe Ratio6.171.462.021.360.90
Sortino Ratio0.002.784.632.521.51
Monthly Volatility1.73%3.15%2.67%3.26%3.16%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.10%-8.87%0.50%0.36%5.02%62.67%
3 Months 15.42%-12.00%1.47%0.92%9.49%66.51%
6 Months 26.64%-7.90%2.97%1.54%7.94%68.87%
1 Year 44.58%-10.57%6.09%4.29%19.85%72.33%
2 Years 64.33%-12.73%11.93%6.41%33.99%77.32%
3 Years 76.65%-13.37%17.06%8.20%31.77%88.46%
5 Years 87.03%1.55%24.39%12.79%38.58%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

THYRA Hedge is a fundamentally oriented long/short equity hedge fund investing in undervalued shares and shorting overvalued shares globally. The fund’s investment selection process mainly focuses on rigorous fundamental research. The fund seeks to identify structural trends or themes within the technology sector and assess their impact on individual companies. THYRA Hedge typically identifies 4-5 technology investment themes, and employs extensive fundamental research to identify investments that are under or over-valued within each theme. This typically translates into 20-25 core holdings. The fund manages a concentrated portfolio to maximize the benefit of fundamental analysis, which results in stock picking with greater alpha creation.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureUCITS
Fund DomicileSweden
Minimum Investment1,000,000 SEK
AUM241M SEK
Inception DateNov 2006
Management Fee1.5%
Performance Fee20.00%
SFDR Classification -

Company Information

CompanyGP Bullhound Asset Management
AddressGrev Turegatan 30
Stockholm, 114 38
Phone
E-mail[email protected]
Websitewww.gpbullhound.com/funds/thyra-hedge/
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 5.11 4.00 0.87 -0.52 0.17 4.18 -3.19 -2.25 0.82 3.42 5.02 18.59
2023 5.96 -1.11 4.59 -4.22 6.35 1.84 1.04 0.47 -4.31 0.24 5.08 1.06 17.56
2022 -0.27 -0.13 -0.87 -3.62 0.78 -2.14 4.93 0.08 -5.00 2.32 3.72 -3.89 -4.50
2021 -0.28 1.72 1.08 -0.80 0.43 0.88 -0.08 0.07 -2.12 0.31 -1.93 -1.03 -1.81
2020 -0.07 -0.11 1.26 -0.04 2.99 1.31 0.11 -1.32 0.76 -0.92 0.70 1.43 6.20
2019 0.90 1.09 0.78 1.47 0.05 -0.27 0.52 -0.27 0.01 0.48 0.01 -0.18 4.67
2018 0.11 0.84 -0.61 1.18 0.02 -0.02 -0.15 -0.19 0.05 0.16 -1.53 -1.00 -1.16
2017 0.64 -1.58 0.19 -0.31 0.35 -0.85 0.92 0.07 0.44 1.11 -0.53 -0.03 0.39
2016 -1.63 -3.44 -0.07 1.41 1.09 -1.11 1.25 0.45 -0.28 0.94 -0.69 -0.68 -2.83
2015 0.01 1.66 0.55 1.64 0.86 0.23 0.16 -0.67 -1.05 0.24 1.19 -0.53 4.33
2014 3.77 2.42 -4.05 -8.87 3.26 3.78 2.75 1.43 1.14 3.70 -1.34 2.09 9.64
2013 -0.63 0.32 -1.27 -3.37 0.62 -0.08 -0.87 -0.05 1.00 -4.90 0.71 1.21 -7.25
2012 0.55 0.36 1.30 -0.24 -0.54 -0.27 0.94 1.20 -0.06 0.09 0.58 -0.69 3.24
2011 3.01 1.87 2.96 3.33 -0.24 -0.91 -0.44 -2.41 -2.75 1.25 2.33 0.59 8.68
2010 0.17 2.40 2.78 3.78 2.52 -7.50 -4.59 -0.29 2.55 1.02 1.03 3.94 7.38
2009 2.04 2.24 4.07 4.42 5.44 -0.35 1.35 3.44 10.10 -0.74 0.48 2.38 40.40
2008 1.43 0.16 -1.15 0.01 0.58 2.37 0.12 -0.46 -2.73 4.08 0.42 0.61 5.41
2007 0.66 -1.00 -0.25 -0.35 1.28 0.87 0.48 -0.05 2.53 1.88 -1.71 0.81 5.19
2006 0.07 0.88 0.95

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return 5.02%
3 Month Return 9.49%
Year to Date Return 18.59%
12 Month Return 19.85%
36 Month Return 31.77%
Total Return Annualized 5.89%
Winning Months (%) 62.67%
Average Winning Month 1.63%
Average Losing Month -1.40%
Total Return Cumulative 181.45%

Risk Statistics (12M)

1 Year
Sharpe Ratio2.02
Sortino Ratio4.63
Sterling1.29
Calmar3.70
Skewness-0.28
Kurtosis-0.49
Maximum Drawdown-5.37%
Correlation vs S&P 5000.32
Annualized Volatility9.24%
Annualized Down. Deviation3.84%

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 -14.40% 17 6 12/2012 10/2014
2 -12.00% 3 6 06/2010 02/2011
3 -10.79% 15 8 07/2021 05/2023
4 -6.60% 5 11 05/2011 08/2012
5 -5.87% 8 40 08/2015 07/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return3.07%1.28%1.52%1.23%0.77%
% Positive100.00%66.67%75.00%70.83%61.11%
Avg. Pos. Period3.08%3.36%2.74%2.95%2.82%
Avg. Neg. Period - -2.72%-1.99%-2.78%-2.33%
Sharpe Ratio6.171.462.021.360.90
Sortino Ratio0.002.784.632.521.51
Monthly Volatility1.73%3.15%2.67%3.26%3.16%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.10%-8.87%0.50%0.36%5.02%62.67%
3 Months 15.42%-12.00%1.47%0.92%9.49%66.51%
6 Months 26.64%-7.90%2.97%1.54%7.94%68.87%
1 Year 44.58%-10.57%6.09%4.29%19.85%72.33%
2 Years 64.33%-12.73%11.93%6.41%33.99%77.32%
3 Years 76.65%-13.37%17.06%8.20%31.77%88.46%
5 Years 87.03%1.55%24.39%12.79%38.58%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.

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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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