Capital Four Credit Opportunities Fund

Capital Four Management

Strategy Description

The investment objective of the Credit Opportunities Fund is to capitalize on dislocations in the credit markets primarily by focusing on undervalued securities. The fund aims to achieve equity like returns with volatility of 8-10% per annum. Bottom-up fundamental credit research is key to achieve superior risk-adjusted returns. A top-down framework and risk management are used to minimize downside risk. The strategy can use leverage, derivatives and short selling in order to hedge market risks and/or enhance returns.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureSpecialized Investment Fund
Fund DomicileLuxembourg
Minimum Investment50,000 EUR
AUM232M EUR
Inception DateJan 2010
Management Fee1 %
Performance Fee20 %
SFDR Classification -

Company Information

CompanyCapital Four Management
AddressPer Henrik Lings Allé 2, 8th floor
Copenhagen, 2100
Phone+45 3525 6100
E-mail[email protected]
Websitewww.capital-four.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 2.68 0.81 1.03 0.44 1.85 0.46 1.32 0.09 8.97
2023 5.45 1.65 -4.31 0.32 0.32 2.07 2.46 0.30 1.91 -0.20 2.60 -0.39 12.55
2022 0.02 -1.91 0.46 -1.81 -5.10 -6.27 2.66 1.93 -4.99 1.14 -0.95 0.65 -13.71
2021 1.57 0.97 1.25 0.47 1.22 2.19 0.63 1.65 0.71 0.19 -0.13 0.60 11.90
2020 0.80 0.40 -30.82 6.80 4.99 3.17 2.03 1.91 1.14 -0.68 3.69 1.70 -10.79
2019 0.26 1.22 0.70 0.71 0.50 0.10 -0.10 -0.03 0.57 -0.47 -0.13 0.65 4.04
2018 0.78 0.22 -0.87 0.43 -0.21 -0.32 0.39 0.93 0.01 0.46 -1.16 -0.99 -0.36
2017 2.42 1.30 0.09 0.21 0.80 0.55 0.31 0.02 -0.09 -0.12 0.80 0.00 6.44
2016 -0.94 -2.39 1.56 1.87 1.48 -0.92 1.13 1.64 0.81 2.11 0.28 0.85 7.63
2015 1.12 0.20 2.12 -1.98 -0.14 -0.77 0.56 1.41 -0.34 1.86 -0.29 0.10 3.84
2014 5.54 -1.65 -0.48 1.68 0.77 0.29 0.21 0.85 -0.50 1.84 1.30 1.14 11.37
2013 4.96 0.44 1.37 2.81 3.69 -0.56 -0.45 2.26 1.62 1.29 -1.34 -0.66 16.34
2012 3.71 4.23 0.34 1.36 0.54 -1.29 -1.30 1.92 -1.29 2.86 3.45 2.11 17.72
2011 4.46 6.01 2.88 0.63 2.98 -1.42 0.34 -0.52 -3.15 2.35 -4.11 0.19 10.63
2010 0.09 0.74 4.67 1.18 3.13 0.25 -0.16 0.56 4.43 4.88 3.69 3.52 30.31

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 -30.82% 1 48 03/2020 03/2024
2 -6.47% 6 3 06/2011 02/2012
3 -3.49% 4 3 11/2015 05/2016
4 -2.87% 3 4 04/2015 10/2015
5 -2.57% 2 3 06/2012 10/2012

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.62%0.86%1.04%0.67%0.20%
% Positive100.00%100.00%83.33%79.17%72.22%
Avg. Pos. Period0.62%0.86%1.32%1.45%1.31%
Avg. Neg. Period - - -0.30%-2.17%-2.61%
Sharpe Ratio4.184.993.661.170.33
Sortino Ratio0.000.0028.581.710.38
Monthly Volatility0.51%0.60%0.99%2.07%2.34%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.80%-30.82%0.65%0.63%0.08%73.30%
3 Months 15.68%-29.99%1.98%1.98%1.87%75.86%
6 Months 30.19%-29.95%3.90%3.42%5.28%81.87%
1 Year 43.12%-28.72%7.60%6.57%13.27%82.42%
2 Years 54.56%-27.51%12.87%12.30%17.50%75.82%
3 Years 77.97%-25.60%19.94%17.95%7.30%80.85%
5 Years 122.17%-16.55%31.34%25.42%6.31%81.20%

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

The investment objective of the Credit Opportunities Fund is to capitalize on dislocations in the credit markets primarily by focusing on undervalued securities. The fund aims to achieve equity like returns with volatility of 8-10% per annum. Bottom-up fundamental credit research is key to achieve superior risk-adjusted returns. A top-down framework and risk management are used to minimize downside risk. The strategy can use leverage, derivatives and short selling in order to hedge market risks and/or enhance returns.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureSpecialized Investment Fund
Fund DomicileLuxembourg
Minimum Investment50,000 EUR
AUM232M EUR
Inception DateJan 2010
Management Fee1 %
Performance Fee20 %
SFDR Classification -

Company Information

CompanyCapital Four Management
AddressPer Henrik Lings Allé 2, 8th floor
Copenhagen, 2100
Phone+45 3525 6100
E-mail[email protected]
Websitewww.capital-four.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 2.68 0.81 1.03 0.44 1.85 0.46 1.32 0.09 8.97
2023 5.45 1.65 -4.31 0.32 0.32 2.07 2.46 0.30 1.91 -0.20 2.60 -0.39 12.55
2022 0.02 -1.91 0.46 -1.81 -5.10 -6.27 2.66 1.93 -4.99 1.14 -0.95 0.65 -13.71
2021 1.57 0.97 1.25 0.47 1.22 2.19 0.63 1.65 0.71 0.19 -0.13 0.60 11.90
2020 0.80 0.40 -30.82 6.80 4.99 3.17 2.03 1.91 1.14 -0.68 3.69 1.70 -10.79
2019 0.26 1.22 0.70 0.71 0.50 0.10 -0.10 -0.03 0.57 -0.47 -0.13 0.65 4.04
2018 0.78 0.22 -0.87 0.43 -0.21 -0.32 0.39 0.93 0.01 0.46 -1.16 -0.99 -0.36
2017 2.42 1.30 0.09 0.21 0.80 0.55 0.31 0.02 -0.09 -0.12 0.80 0.00 6.44
2016 -0.94 -2.39 1.56 1.87 1.48 -0.92 1.13 1.64 0.81 2.11 0.28 0.85 7.63
2015 1.12 0.20 2.12 -1.98 -0.14 -0.77 0.56 1.41 -0.34 1.86 -0.29 0.10 3.84
2014 5.54 -1.65 -0.48 1.68 0.77 0.29 0.21 0.85 -0.50 1.84 1.30 1.14 11.37
2013 4.96 0.44 1.37 2.81 3.69 -0.56 -0.45 2.26 1.62 1.29 -1.34 -0.66 16.34
2012 3.71 4.23 0.34 1.36 0.54 -1.29 -1.30 1.92 -1.29 2.86 3.45 2.11 17.72
2011 4.46 6.01 2.88 0.63 2.98 -1.42 0.34 -0.52 -3.15 2.35 -4.11 0.19 10.63
2010 0.09 0.74 4.67 1.18 3.13 0.25 -0.16 0.56 4.43 4.88 3.69 3.52 30.31

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return 0.09%
3 Month Return 1.87%
Year to Date Return 8.97%
12 Month Return 13.27%
36 Month Return 7.30%
Total Return Annualized 7.44%
Winning Months (%) 73.30%
Average Winning Month 1.58%
Average Losing Month -1.93%
Total Return Cumulative 186.55%

Risk Statistics (12M)

1 Year
Sharpe Ratio3.66
Sortino Ratio28.58
Sterling1.28
Calmar34.03
Skewness0.33
Kurtosis-0.54
Maximum Drawdown-0.39%
Correlation vs S&P 5000.21
Annualized Volatility3.44%
Annualized Down. Deviation0.33%

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 -30.82% 1 48 03/2020 03/2024
2 -6.47% 6 3 06/2011 02/2012
3 -3.49% 4 3 11/2015 05/2016
4 -2.87% 3 4 04/2015 10/2015
5 -2.57% 2 3 06/2012 10/2012

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.62%0.86%1.04%0.67%0.20%
% Positive100.00%100.00%83.33%79.17%72.22%
Avg. Pos. Period0.62%0.86%1.32%1.45%1.31%
Avg. Neg. Period - - -0.30%-2.17%-2.61%
Sharpe Ratio4.184.993.661.170.33
Sortino Ratio0.000.0028.581.710.38
Monthly Volatility0.51%0.60%0.99%2.07%2.34%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.80%-30.82%0.65%0.63%0.08%73.30%
3 Months 15.68%-29.99%1.98%1.98%1.87%75.86%
6 Months 30.19%-29.95%3.90%3.42%5.28%81.87%
1 Year 43.12%-28.72%7.60%6.57%13.27%82.42%
2 Years 54.56%-27.51%12.87%12.30%17.50%75.82%
3 Years 77.97%-25.60%19.94%17.95%7.30%80.85%
5 Years 122.17%-16.55%31.34%25.42%6.31%81.20%

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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