Pareto Asset Management AS

Pareto Nordic Alpha

Strategy Description

Pareto Nordic Alpha is a long/short equity fund predominantly taking long or short positions in listed equity securities and equity-related securities in the Nordic region. The fund may also invest in fixed-income instruments with an investment grade rating and derivatives for both hedging and investment purposes. Pareto Nordic Alpha aims to generate a positive return regardless of market conditions. The fund’s portfolio management team relies on the following elements to achieve its investment objective: degree of inefficient pricing; and degree of the portfolio management team’s knowledge of industry sectors as well as geographical and cultural aspects.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureSICAV
Fund DomicileLuxembourg
Minimum Investment50,000 NOK
AUM155M NOK
Inception DateSep 2003
Management Fee0.95%
Performance Fee20.00%

Company Information

CompanyPareto Asset Management AS
Principal -
AddressDronning Mauds gt. 3
Oslo, 1396
Phone+47 21 50 74 91
E-mail[email protected]
Websitewww.paretoam.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 5.43 1.51 3.02 4.53 1.38 16.84
2022 -5.37 -4.88 -1.29 -0.02 -1.28 -4.51 4.79 -5.57 -4.24 0.95 6.68 1.53 -13.24
2021 -0.32 1.67 2.20 1.47 1.82 0.56 3.34 -0.31 -4.75 0.25 0.87 0.35 7.15
2020 1.73 -2.84 -0.58 6.24 -0.13 -0.05 1.25 0.25 4.18 -1.71 3.26 1.32 13.32
2019 -0.33 3.18 -0.10 0.81 -2.97 0.55 -0.30 1.71 1.41 3.21 0.95 0.24 8.52
2018 -0.88 -0.31 -0.90 1.64 0.22 -1.92 -0.57 1.97 -1.28 -1.05 3.17 -2.53 -2.56
2017 0.00 0.16 2.89 1.52 2.35 0.07 -1.00 -0.09 2.63 1.11 -0.33 0.39 10.05
2016 -5.18 1.16 1.35 -0.54 2.30 -2.78 3.30 0.34 -2.53 -0.66 1.00 3.47 0.86
2015 4.00 1.44 2.06 -1.30 1.56 -1.94 1.00 -2.77 -0.03 1.57 1.97 1.13 8.83
2014 1.06 4.19 -1.25 1.73 0.02 0.11 0.05 0.57 -0.78 2.37 4.33 2.59 15.86
2013 2.73 2.18 1.18 3.13 2.51 -1.40 3.03 0.83 1.88 3.26 2.13 0.89 24.67
2012 5.34 1.63 3.08 -1.14 -3.19 -0.22 0.69 0.91 2.72 1.11 0.09 0.74 12.13
2011 -0.12 0.69 -1.53 0.89 -0.70 -2.48 -2.65 -5.99 -9.95 6.76 -1.33 1.30 -14.91
2010 1.17 -0.61 5.26 1.11 -3.95 -0.13 4.86 -2.76 4.08 0.64 0.46 3.15 13.62
2009 -0.94 -2.09 2.56 6.08 12.13 -1.95 6.55 1.74 8.69 4.37 0.98 4.77 50.93
2008 -6.79 0.78 -0.71 0.35 1.55 -3.90 1.08 1.39 -13.92 -8.88 -5.99 1.04 -30.26
2007 0.84 -0.06 1.98 2.71 0.28 0.77 0.10 -0.48 0.40 2.59 -0.38 0.46 9.54
2006 -0.86 -0.28 0.74 0.16 -0.93 0.76 -1.51 4.19 1.33 0.31 0.89 2.81 7.73
2005 1.06 0.02 0.66 -2.94 4.03 3.30 1.90 1.53 0.18 -3.40 0.54 4.40 11.53
2004 1.51 1.82 0.47 -0.52 0.49 1.74 0.60 0.14 2.37 1.19 3.94 2.59 17.53
2003 -0.12 0.96 0.74 -0.10 1.48

Portfolio Managers

Christian Nygaard
 

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 -32.36% 14 9 01/2008 11/2009
2 -23.54% 14 0 08/2021 -
3 -20.72% 7 18 03/2011 03/2013
4 -5.18% 1 11 01/2016 12/2016
5 -4.07% 2 1 05/2010 07/2010

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.97%2.89%1.22%0.06%0.46%
% Positive100.00%100.00%75.00%58.33%63.89%
Avg. Pos. Period2.98%2.90%3.31%2.51%2.29%
Avg. Neg. Period - - -4.77%-3.22%-2.64%
Sharpe Ratio8.026.311.140.120.58
Sortino Ratio0.000.001.750.090.78
Monthly Volatility1.29%1.59%3.91%3.50%3.04%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 12.13%-13.92%.63%.76%1.38%66.24%
3 Months 21.99%-26.26%1.93%2.49%9.17%70.21%
6 Months 37.42%-27.74%3.90%4.13%18.63%74.57%
1 Year 60.60%-30.66%7.71%9.37%15.60%75.22%
2 Years 77.81%-26.48%15.87%14.26%1.51%83.18%
3 Years 65.51%-19.26%23.91%20.43%18.06%94.55%
5 Years 121.44%1.23%41.80%39.17%30.49%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

Pareto Nordic Alpha is a long/short equity fund predominantly taking long or short positions in listed equity securities and equity-related securities in the Nordic region. The fund may also invest in fixed-income instruments with an investment grade rating and derivatives for both hedging and investment purposes. Pareto Nordic Alpha aims to generate a positive return regardless of market conditions. The fund’s portfolio management team relies on the following elements to achieve its investment objective: degree of inefficient pricing; and degree of the portfolio management team’s knowledge of industry sectors as well as geographical and cultural aspects.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureSICAV
Fund DomicileLuxembourg
Minimum Investment50,000 NOK
AUM155M NOK
Inception DateSep 2003
Management Fee0.95%
Performance Fee20.00%

Company Information

CompanyPareto Asset Management AS
Principal -
AddressDronning Mauds gt. 3
Oslo, 1396
Phone+47 21 50 74 91
E-mail[email protected]
Websitewww.paretoam.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 5.43 1.51 3.02 4.53 1.38 16.84
2022 -5.37 -4.88 -1.29 -0.02 -1.28 -4.51 4.79 -5.57 -4.24 0.95 6.68 1.53 -13.24
2021 -0.32 1.67 2.20 1.47 1.82 0.56 3.34 -0.31 -4.75 0.25 0.87 0.35 7.15
2020 1.73 -2.84 -0.58 6.24 -0.13 -0.05 1.25 0.25 4.18 -1.71 3.26 1.32 13.32
2019 -0.33 3.18 -0.10 0.81 -2.97 0.55 -0.30 1.71 1.41 3.21 0.95 0.24 8.52
2018 -0.88 -0.31 -0.90 1.64 0.22 -1.92 -0.57 1.97 -1.28 -1.05 3.17 -2.53 -2.56
2017 0.00 0.16 2.89 1.52 2.35 0.07 -1.00 -0.09 2.63 1.11 -0.33 0.39 10.05
2016 -5.18 1.16 1.35 -0.54 2.30 -2.78 3.30 0.34 -2.53 -0.66 1.00 3.47 0.86
2015 4.00 1.44 2.06 -1.30 1.56 -1.94 1.00 -2.77 -0.03 1.57 1.97 1.13 8.83
2014 1.06 4.19 -1.25 1.73 0.02 0.11 0.05 0.57 -0.78 2.37 4.33 2.59 15.86
2013 2.73 2.18 1.18 3.13 2.51 -1.40 3.03 0.83 1.88 3.26 2.13 0.89 24.67
2012 5.34 1.63 3.08 -1.14 -3.19 -0.22 0.69 0.91 2.72 1.11 0.09 0.74 12.13
2011 -0.12 0.69 -1.53 0.89 -0.70 -2.48 -2.65 -5.99 -9.95 6.76 -1.33 1.30 -14.91
2010 1.17 -0.61 5.26 1.11 -3.95 -0.13 4.86 -2.76 4.08 0.64 0.46 3.15 13.62
2009 -0.94 -2.09 2.56 6.08 12.13 -1.95 6.55 1.74 8.69 4.37 0.98 4.77 50.93
2008 -6.79 0.78 -0.71 0.35 1.55 -3.90 1.08 1.39 -13.92 -8.88 -5.99 1.04 -30.26
2007 0.84 -0.06 1.98 2.71 0.28 0.77 0.10 -0.48 0.40 2.59 -0.38 0.46 9.54
2006 -0.86 -0.28 0.74 0.16 -0.93 0.76 -1.51 4.19 1.33 0.31 0.89 2.81 7.73
2005 1.06 0.02 0.66 -2.94 4.03 3.30 1.90 1.53 0.18 -3.40 0.54 4.40 11.53
2004 1.51 1.82 0.47 -0.52 0.49 1.74 0.60 0.14 2.37 1.19 3.94 2.59 17.53
2003 -0.12 0.96 0.74 -0.10 1.48

Portfolio Managers

Christian Nygaard
 

Return Statistics

Last Month Return 1.38%
3 Month Return 9.17%
Year to Date Return 16.84%
12 Month Return 15.60%
36 Month Return 18.06%
Total Return Annualized 7.36%
Winning Months (%) 66.24%
Average Winning Month 2.02%
Average Losing Month -2.11%
Total Return Cumulative 306.78%

Risk Statistics (12M)

1 Year
Sharpe Ratio1.14
Sortino Ratio1.75
Sterling0.80
Calmar1.63
Skewness-0.69
Kurtosis-0.20
Maximum Drawdown-9.57%
Correlation vs S&P 5000.78
Annualized Volatility13.54%
Annualized Down. Deviation1.99%

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 -32.36% 14 9 01/2008 11/2009
2 -23.54% 14 0 08/2021 -
3 -20.72% 7 18 03/2011 03/2013
4 -5.18% 1 11 01/2016 12/2016
5 -4.07% 2 1 05/2010 07/2010

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.97%2.89%1.22%0.06%0.46%
% Positive100.00%100.00%75.00%58.33%63.89%
Avg. Pos. Period2.98%2.90%3.31%2.51%2.29%
Avg. Neg. Period - - -4.77%-3.22%-2.64%
Sharpe Ratio8.026.311.140.120.58
Sortino Ratio0.000.001.750.090.78
Monthly Volatility1.29%1.59%3.91%3.50%3.04%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 12.13%-13.92%.63%.76%1.38%66.24%
3 Months 21.99%-26.26%1.93%2.49%9.17%70.21%
6 Months 37.42%-27.74%3.90%4.13%18.63%74.57%
1 Year 60.60%-30.66%7.71%9.37%15.60%75.22%
2 Years 77.81%-26.48%15.87%14.26%1.51%83.18%
3 Years 65.51%-19.26%23.91%20.43%18.06%94.55%
5 Years 121.44%1.23%41.80%39.17%30.49%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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