Cleaves Asset Management

Cleaves Shipping Fund (AIF)

Strategy Description

Cleaves Shipping Fund is a shipping-only long/short equity-focused hedge fund launched as a Norwegian alternative investment fund in October 2021. The fund’s objective is to generate an absolute return by identifying cyclical expansions and contractions within the various shipping segments. Although shares in listed companies represent the backbone of the fund’s portfolio composition, Cleaves Shipping Fund can also utilize other investment instruments such as derivatives including forward freight agreements, as well as debt instruments or preferred shares. The fund is not expected to employ leverage due to the volatile and already-leveraged shipping sectors.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureAlternative Investment Fund
Fund DomicileNorway
Minimum Investment100,000 EUR
AUM -
Inception DateOct 2021
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanyCleaves Asset Management
PrincipalCarl-Sigurd Synvis
AddressFrognerstranda 2
Oslo, 0250
Phone+47 21 60 88 19
E-mail[email protected]
Websitewww.cleaves.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2022 1.09 16.97 5.69 -2.43 11.31 -9.36 23.02
2021 -0.90 -9.08 2.22 -7.90

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

Chart not applicable - performance history is less than 12 months

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -9.90% 2 3 10/2021 02/2022
2 -9.36% 1 0 06/2022 -
3 -2.43% 1 1 04/2022 05/2022
4 - - - - -
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.52%3.51% - - -
% Positive33.33%66.67% - - -
Avg. Pos. Period11.31%8.77% - - -
Avg. Neg. Period-5.90%-5.90% - - -
Sharpe Ratio-0.061.55 - - -
Sortino Ratio-0.323.08 - - -
Monthly Volatility8.59%8.69% - - -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 16.97%-9.36%1.72%1.09%-9.36%55.56%
3 Months 24.97%-7.90%9.39%14.78%-1.56%57.14%
6 Months 38.74%13.33%22.55%19.06%23.02%100.00%
1 Year ------
2 Years ------
3 Years ------
5 Years ------

Volatility (12 Months Rolling)

Chart not applicable - performance history is less than 12 months

CORRELATION (12 MONTH ROLLING)

Chart not applicable - performance history is less than 12 months

AUM (EUR)

Chart not applicable - The program has no AUM data

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

Cleaves Shipping Fund is a shipping-only long/short equity-focused hedge fund launched as a Norwegian alternative investment fund in October 2021. The fund’s objective is to generate an absolute return by identifying cyclical expansions and contractions within the various shipping segments. Although shares in listed companies represent the backbone of the fund’s portfolio composition, Cleaves Shipping Fund can also utilize other investment instruments such as derivatives including forward freight agreements, as well as debt instruments or preferred shares. The fund is not expected to employ leverage due to the volatile and already-leveraged shipping sectors.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureAlternative Investment Fund
Fund DomicileNorway
Minimum Investment100,000 EUR
AUM -
Inception DateOct 2021
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanyCleaves Asset Management
PrincipalCarl-Sigurd Synvis
AddressFrognerstranda 2
Oslo, 0250
Phone+47 21 60 88 19
E-mail[email protected]
Websitewww.cleaves.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2022 1.09 16.97 5.69 -2.43 11.31 -9.36 23.02
2021 -0.90 -9.08 2.22 -7.90

Portfolio Managers

     
No data filled

Return Statistics

Last Month Return -
3 Month Return -1.56%
Year to Date Return 23.02%
12 Month Return -
36 Month Return -
Total Return Annualized 18.12%
Winning Months (%) 55.56%
Average Winning Month 7.46%
Average Losing Month -5.44%
Total Return Cumulative 13.31%

Risk Statistics (12M)

1 Year
Sharpe Ratio -
Sortino Ratio -
Sterling -
Calmar -
Skewness -
Kurtosis -
Maximum Drawdown -
Correlation vs S&P 500 -
Annualized Volatility -
Annualized Down. Deviation -

Risk/Return Comparison

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 MONTH ROLLING ROR Return

Chart not applicable - performance history is less than 12 months

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -9.90% 2 3 10/2021 02/2022
2 -9.36% 1 0 06/2022 -
3 -2.43% 1 1 04/2022 05/2022
4 - - - - -
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.52%3.51% - - -
% Positive33.33%66.67% - - -
Avg. Pos. Period11.31%8.77% - - -
Avg. Neg. Period-5.90%-5.90% - - -
Sharpe Ratio-0.061.55 - - -
Sortino Ratio-0.323.08 - - -
Monthly Volatility8.59%8.69% - - -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 16.97%-9.36%1.72%1.09%-9.36%55.56%
3 Months 24.97%-7.90%9.39%14.78%-1.56%57.14%
6 Months 38.74%13.33%22.55%19.06%23.02%100.00%
1 Year ------
2 Years ------
3 Years ------
5 Years ------

Volatility (12 Months Rolling)

Chart not applicable - performance history is less than 12 months

CORRELATION (12 MONTH ROLLING)

Chart not applicable - performance history is less than 12 months

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.