Norron Select

Norron AB

Strategy Description

Norron Select is a long/short equity fund investing in companies listed on the Nordic markets. The fund's holdings are hedged in varying proportions using index futures, index derivatives and short positions in selected individual stocks. The selection process is rigorous. Net and gross exposure vary between 70% and 200% and is a consequence of the manager’s assessment of market trends, stock market direction, standard deviation and alpha-trend. Norron Select is managed with an estimated volatility, measured as standard deviation, of 10-25%. The fund’s correlation with the stock market can be both high and low, and even negative on some occasions.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureUCITS
Fund DomicileLuxembourg
Minimum Investment00 SEK
AUM244M SEK
Inception DateFeb 2011
Management Fee1.50%
Performance Fee20.00%

Company Information

CompanyNorron AB
AddressOxtorgsgatan 4
Stockholm, SE-111 57
Phone+46 (0)8 – 555 069 40
E-mail[email protected]
Websitewww.norron.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.53 0.09 1.34 1.49 0.20 1.03 4.76
2023 -0.67 -0.86 -5.63 -1.51 -4.13 -0.69 -0.29 -0.84 -1.24 -2.14 2.87 4.19 -10.75
2022 -1.90 1.84 0.89 -1.16 -1.96 -1.89 2.02 -1.68 -1.40 0.92 2.92 0.13 -1.43
2021 3.56 2.27 -1.83 0.58 2.38 -3.90 -0.53 -0.54 -1.92 -2.04 4.31 0.72 2.75
2020 -0.73 -5.60 -12.16 12.55 3.12 2.58 2.77 5.87 5.07 -3.36 10.00 6.26 26.55
2019 0.91 1.64 -0.72 -1.42 1.95 -2.54 -3.81 -2.66 0.96 0.87 1.20 0.53 -3.25
2018 0.13 -2.81 -3.00 6.46 2.95 -0.98 5.38 -1.54 3.44 -2.16 -0.39 -2.85 4.10
2017 -0.68 -0.41 -1.77 1.42 -0.53 -1.45 1.83 -3.86 6.18 2.72 -3.83 4.37 3.53
2016 -4.35 1.37 0.43 2.97 0.98 -1.22 2.95 0.43 3.73 0.76 2.07 1.01 11.43
2015 2.13 4.20 0.50 2.70 -0.70 -3.10 1.50 -3.20 -2.10 2.70 4.32 1.72 10.79
2014 1.30 4.70 0.50 1.90 3.30 1.60 -0.90 -1.20 -1.90 -0.70 1.40 0.60 10.91
2013 2.40 0.40 -0.80 1.60 2.80 -1.30 4.30 0.70 2.40 3.70 2.20 2.50 22.83
2012 1.30 3.80 -0.10 -0.20 -4.60 -2.60 0.50 1.20 1.70 -0.50 0.80 1.60 2.67
2011 0.00 0.60 0.60 -0.80 0.70 -1.50 0.50 -0.20 0.20 -1.90 -1.30 -3.10

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 -24.59% 18 6 10/2018 09/2020
2 -21.23% 29 0 06/2021 -
3 -7.45% 5 3 05/2015 12/2015
4 -7.36% 4 8 03/2012 02/2013
5 -5.73% 2 1 02/2018 04/2018

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.91%0.78%0.59%-0.16%-0.23%
% Positive100.00%100.00%66.67%50.00%44.44%
Avg. Pos. Period0.91%0.78%1.47%1.48%1.59%
Avg. Neg. Period - - -1.13%-1.76%-1.65%
Sharpe Ratio5.884.991.24-0.23-0.35
Sortino Ratio0.000.002.69-0.34-0.52
Monthly Volatility0.53%0.54%1.68%2.13%2.05%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 12.55%-12.16%0.50%0.53%1.03%57.76%
3 Months 21.05%-17.68%1.52%1.50%2.74%59.75%
6 Months 36.10%-15.53%3.09%1.55%4.76%60.26%
1 Year 59.85%-21.78%6.38%4.21%7.29%68.67%
2 Years 59.22%-17.00%14.73%13.64%-3.83%81.16%
3 Years 53.27%-14.13%24.23%25.78%-7.97%89.68%
5 Years 77.67%-0.92%40.62%39.24%16.25%97.06%

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

Norron Select is a long/short equity fund investing in companies listed on the Nordic markets. The fund's holdings are hedged in varying proportions using index futures, index derivatives and short positions in selected individual stocks. The selection process is rigorous. Net and gross exposure vary between 70% and 200% and is a consequence of the manager’s assessment of market trends, stock market direction, standard deviation and alpha-trend. Norron Select is managed with an estimated volatility, measured as standard deviation, of 10-25%. The fund’s correlation with the stock market can be both high and low, and even negative on some occasions.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureUCITS
Fund DomicileLuxembourg
Minimum Investment00 SEK
AUM244M SEK
Inception DateFeb 2011
Management Fee1.50%
Performance Fee20.00%

Company Information

CompanyNorron AB
AddressOxtorgsgatan 4
Stockholm, SE-111 57
Phone+46 (0)8 – 555 069 40
E-mail[email protected]
Websitewww.norron.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.53 0.09 1.34 1.49 0.20 1.03 4.76
2023 -0.67 -0.86 -5.63 -1.51 -4.13 -0.69 -0.29 -0.84 -1.24 -2.14 2.87 4.19 -10.75
2022 -1.90 1.84 0.89 -1.16 -1.96 -1.89 2.02 -1.68 -1.40 0.92 2.92 0.13 -1.43
2021 3.56 2.27 -1.83 0.58 2.38 -3.90 -0.53 -0.54 -1.92 -2.04 4.31 0.72 2.75
2020 -0.73 -5.60 -12.16 12.55 3.12 2.58 2.77 5.87 5.07 -3.36 10.00 6.26 26.55
2019 0.91 1.64 -0.72 -1.42 1.95 -2.54 -3.81 -2.66 0.96 0.87 1.20 0.53 -3.25
2018 0.13 -2.81 -3.00 6.46 2.95 -0.98 5.38 -1.54 3.44 -2.16 -0.39 -2.85 4.10
2017 -0.68 -0.41 -1.77 1.42 -0.53 -1.45 1.83 -3.86 6.18 2.72 -3.83 4.37 3.53
2016 -4.35 1.37 0.43 2.97 0.98 -1.22 2.95 0.43 3.73 0.76 2.07 1.01 11.43
2015 2.13 4.20 0.50 2.70 -0.70 -3.10 1.50 -3.20 -2.10 2.70 4.32 1.72 10.79
2014 1.30 4.70 0.50 1.90 3.30 1.60 -0.90 -1.20 -1.90 -0.70 1.40 0.60 10.91
2013 2.40 0.40 -0.80 1.60 2.80 -1.30 4.30 0.70 2.40 3.70 2.20 2.50 22.83
2012 1.30 3.80 -0.10 -0.20 -4.60 -2.60 0.50 1.20 1.70 -0.50 0.80 1.60 2.67
2011 0.00 0.60 0.60 -0.80 0.70 -1.50 0.50 -0.20 0.20 -1.90 -1.30 -3.10

Portfolio Managers

No data filled

Return Statistics

Last Month Return 1.03%
3 Month Return 2.74%
Year to Date Return 4.76%
12 Month Return 7.29%
36 Month Return -7.97%
Total Return Annualized 5.65%
Winning Months (%) 57.76%
Average Winning Month 2.30%
Average Losing Month -1.99%
Total Return Cumulative 109.10%

Risk Statistics (12M)

1 Year
Sharpe Ratio1.24
Sortino Ratio2.69
Sterling0.50
Calmar1.64
Skewness0.65
Kurtosis1.27
Maximum Drawdown-4.44%
Correlation vs S&P 5000.57
Annualized Volatility5.81%
Annualized Down. Deviation2.34%

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 -24.59% 18 6 10/2018 09/2020
2 -21.23% 29 0 06/2021 -
3 -7.45% 5 3 05/2015 12/2015
4 -7.36% 4 8 03/2012 02/2013
5 -5.73% 2 1 02/2018 04/2018

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.91%0.78%0.59%-0.16%-0.23%
% Positive100.00%100.00%66.67%50.00%44.44%
Avg. Pos. Period0.91%0.78%1.47%1.48%1.59%
Avg. Neg. Period - - -1.13%-1.76%-1.65%
Sharpe Ratio5.884.991.24-0.23-0.35
Sortino Ratio0.000.002.69-0.34-0.52
Monthly Volatility0.53%0.54%1.68%2.13%2.05%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 12.55%-12.16%0.50%0.53%1.03%57.76%
3 Months 21.05%-17.68%1.52%1.50%2.74%59.75%
6 Months 36.10%-15.53%3.09%1.55%4.76%60.26%
1 Year 59.85%-21.78%6.38%4.21%7.29%68.67%
2 Years 59.22%-17.00%14.73%13.64%-3.83%81.16%
3 Years 53.27%-14.13%24.23%25.78%-7.97%89.68%
5 Years 77.67%-0.92%40.62%39.24%16.25%97.06%

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.