Borea Asset Management AS

Borea Høyrente

Strategy Description

Borea Høyrente invests directly in transferable securities, money market instruments, derivatives and deposits. The fund’s investments include certificates, government bonds, bank bonds, corporate bonds, convertible bonds, subordinated loans, structured bonds, index-linked bonds, and derivatives. The fund may enter into options, futures and swap agreements with such underlying financial instruments or with indices of such underlying instruments. Borea Høyrente seeks to identify market situations and pricing levels that have historically provided high market volatility and risk of loss in the credit market, which serve as guidelines for the fund’s market exposure. The process for selecting investments is value-orientated. The fund seeks investments with collateral, positive cash flow, and adequate capital. Borea Høyrente invests in both high quality bonds (good cash flow and stable financial conditions) and bonds with lower quality with good security. The fund’s investments will, on average, have a lower rating than BB (S&P Scale). The rating of the individual debt instrument is set equal to the issuer’s rating.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryNorway
Legal StructureFund
Fund DomicileNorway
Minimum Investment1,000,000 NOK
AUM4,244M NOK
Inception DateJan 2012
Management Fee1.00%
Performance Fee10.00%

Company Information

CompanyBorea Asset Management AS
PrincipalWilly Helleland
Investor RelationsCalix Black Ndiaye
AddressKalfarveien 76
Bergen, 5022
Phone+47 53 00 29 00
E-mail[email protected]
Websitewww.borea.no/
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.92 1.92
2023 1.59 0.37 -1.96 3.01 0.41 1.23 0.60 1.28 0.62 0.28 1.14 1.35 10.30
2022 0.55 -3.04 2.16 1.69 -0.85 -2.32 1.19 3.16 -1.06 0.05 1.55 1.12 4.08
2021 2.03 2.11 1.45 1.36 0.88 0.81 0.68 0.98 0.71 1.60 -0.15 1.08 14.39
2020 1.03 -2.09 -21.54 6.38 6.49 7.45 1.27 2.46 -0.13 -0.43 3.30 1.57 2.27
2019 1.27 1.00 0.74 1.10 0.35 -0.13 0.91 0.03 0.27 -0.30 0.29 0.12 5.78
2018 1.10 0.14 0.21 0.97 0.85 -0.06 0.60 1.09 0.45 0.38 -0.53 -1.71 3.51
2017 4.26 1.07 1.80 1.36 0.74 0.49 0.82 0.79 0.91 1.04 0.64 0.80 15.69
2016 -5.06 -2.43 5.83 2.10 2.79 0.30 0.59 2.23 0.92 1.42 0.59 1.53 10.93
2015 0.18 0.63 0.69 2.11 1.34 -0.26 0.55 -3.23 -3.16 2.44 -0.16 -0.87 0.09
2014 0.79 0.75 0.75 0.64 1.14 0.83 0.56 0.13 0.35 -2.73 -0.57 -3.35 -0.83
2013 0.99 0.78 0.78 0.51 0.57 -0.29 1.24 0.94 0.75 1.17 1.19 1.11 10.18
2012 2.35 4.23 0.32 0.59 -0.79 0.77 1.92 2.63 2.25 1.04 1.31 1.01 19.02

Portfolio Managers

Willy Helleland (pictured), Chief Investment Officer at Borea Asset Management, has an MBA in portfolio management, holds a Master’s degree from the University of Bergen, and is an authorized financial analyst (the AFA executive program in finance) from the Norwegian School of Economics (NHH). Prior to founding Borea in 2008, Helleland had built extensive experience in financial markets from various positions at Sparebanken Fonds, Bergen Fonds, Pareto Securities and DNB Markets.

Magnus Vie Sundal, portfolio manager at Borea Asset Management, holds a Master’s degree in Finance from Cass Business School. He is also a CFA Charterholder. Magnus Vie Sundal joined Borea in 2019, after close to a decade in DNB, where he held a position as credit strategist in DNB Markets.
 
Peer Hastrup Thorsheim, portfolio manager at Borea Asset Management, holds two Master's degrees from the Norwegian School of Economics (NHH): one in financial economics and another one in accounting and auditing. Thorsheim joined Borea in September of 2015.

Family of Funds

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 -23.18% 2 9 02/2020 12/2020
2 -13.34% 17 7 10/2014 09/2016
3 -3.15% 2 2 05/2022 08/2022
4 -3.04% 1 2 02/2022 04/2022
5 -2.23% 2 2 11/2018 02/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.47%1.10%0.85%0.63%0.76%
% Positive100.00%100.00%91.67%79.17%83.33%
Avg. Pos. Period1.47%1.10%1.11%1.30%1.23%
Avg. Neg. Period - - -1.96%-1.85%-1.56%
Sharpe Ratio15.457.212.631.472.05
Sortino Ratio0.000.005.192.393.49
Monthly Volatility0.33%0.53%1.13%1.52%1.29%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 7.45%-21.54%0.67%0.79%1.92%81.38%
3 Months 21.72%-22.39%1.95%2.31%4.47%83.22%
6 Months 26.14%-22.30%3.82%4.57%6.76%83.57%
1 Year 39.28%-20.32%7.49%7.95%10.66%80.60%
2 Years 50.13%-16.24%14.53%14.47%16.37%90.16%
3 Years 56.84%-8.35%21.54%20.28%31.19%97.27%
5 Years 61.63%7.53%38.58%38.02%42.99%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

Borea Høyrente invests directly in transferable securities, money market instruments, derivatives and deposits. The fund’s investments include certificates, government bonds, bank bonds, corporate bonds, convertible bonds, subordinated loans, structured bonds, index-linked bonds, and derivatives. The fund may enter into options, futures and swap agreements with such underlying financial instruments or with indices of such underlying instruments. Borea Høyrente seeks to identify market situations and pricing levels that have historically provided high market volatility and risk of loss in the credit market, which serve as guidelines for the fund’s market exposure. The process for selecting investments is value-orientated. The fund seeks investments with collateral, positive cash flow, and adequate capital. Borea Høyrente invests in both high quality bonds (good cash flow and stable financial conditions) and bonds with lower quality with good security. The fund’s investments will, on average, have a lower rating than BB (S&P Scale). The rating of the individual debt instrument is set equal to the issuer’s rating.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryNorway
Legal StructureFund
Fund DomicileNorway
Minimum Investment1,000,000 NOK
AUM4,244M NOK
Inception DateJan 2012
Management Fee1.00%
Performance Fee10.00%

Company Information

CompanyBorea Asset Management AS
PrincipalWilly Helleland
Investor RelationsCalix Black Ndiaye
AddressKalfarveien 76
Bergen, 5022
Phone+47 53 00 29 00
E-mail[email protected]
Websitewww.borea.no/
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.92 1.92
2023 1.59 0.37 -1.96 3.01 0.41 1.23 0.60 1.28 0.62 0.28 1.14 1.35 10.30
2022 0.55 -3.04 2.16 1.69 -0.85 -2.32 1.19 3.16 -1.06 0.05 1.55 1.12 4.08
2021 2.03 2.11 1.45 1.36 0.88 0.81 0.68 0.98 0.71 1.60 -0.15 1.08 14.39
2020 1.03 -2.09 -21.54 6.38 6.49 7.45 1.27 2.46 -0.13 -0.43 3.30 1.57 2.27
2019 1.27 1.00 0.74 1.10 0.35 -0.13 0.91 0.03 0.27 -0.30 0.29 0.12 5.78
2018 1.10 0.14 0.21 0.97 0.85 -0.06 0.60 1.09 0.45 0.38 -0.53 -1.71 3.51
2017 4.26 1.07 1.80 1.36 0.74 0.49 0.82 0.79 0.91 1.04 0.64 0.80 15.69
2016 -5.06 -2.43 5.83 2.10 2.79 0.30 0.59 2.23 0.92 1.42 0.59 1.53 10.93
2015 0.18 0.63 0.69 2.11 1.34 -0.26 0.55 -3.23 -3.16 2.44 -0.16 -0.87 0.09
2014 0.79 0.75 0.75 0.64 1.14 0.83 0.56 0.13 0.35 -2.73 -0.57 -3.35 -0.83
2013 0.99 0.78 0.78 0.51 0.57 -0.29 1.24 0.94 0.75 1.17 1.19 1.11 10.18
2012 2.35 4.23 0.32 0.59 -0.79 0.77 1.92 2.63 2.25 1.04 1.31 1.01 19.02

Portfolio Managers

Willy Helleland (pictured), Chief Investment Officer at Borea Asset Management, has an MBA in portfolio management, holds a Master’s degree from the University of Bergen, and is an authorized financial analyst (the AFA executive program in finance) from the Norwegian School of Economics (NHH). Prior to founding Borea in 2008, Helleland had built extensive experience in financial markets from various positions at Sparebanken Fonds, Bergen Fonds, Pareto Securities and DNB Markets.

Magnus Vie Sundal, portfolio manager at Borea Asset Management, holds a Master’s degree in Finance from Cass Business School. He is also a CFA Charterholder. Magnus Vie Sundal joined Borea in 2019, after close to a decade in DNB, where he held a position as credit strategist in DNB Markets.
 
Peer Hastrup Thorsheim, portfolio manager at Borea Asset Management, holds two Master's degrees from the Norwegian School of Economics (NHH): one in financial economics and another one in accounting and auditing. Thorsheim joined Borea in September of 2015.

Family of Funds

Return Statistics

Last Month Return 1.92%
3 Month Return 4.47%
Year to Date Return 1.92%
12 Month Return 10.66%
36 Month Return 31.19%
Total Return Annualized 7.89%
Winning Months (%) 81.38%
Average Winning Month 1.32%
Average Losing Month -2.19%
Total Return Cumulative 150.38%

Risk Statistics (12M)

1 Year
Sharpe Ratio2.63
Sortino Ratio5.19
Sterling0.89
Calmar5.44
Skewness-0.85
Kurtosis4.37
Maximum Drawdown-1.96%
Correlation vs S&P 5000.08
Annualized Volatility3.90%
Annualized Down. Deviation0.00%

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 -23.18% 2 9 02/2020 12/2020
2 -13.34% 17 7 10/2014 09/2016
3 -3.15% 2 2 05/2022 08/2022
4 -3.04% 1 2 02/2022 04/2022
5 -2.23% 2 2 11/2018 02/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.47%1.10%0.85%0.63%0.76%
% Positive100.00%100.00%91.67%79.17%83.33%
Avg. Pos. Period1.47%1.10%1.11%1.30%1.23%
Avg. Neg. Period - - -1.96%-1.85%-1.56%
Sharpe Ratio15.457.212.631.472.05
Sortino Ratio0.000.005.192.393.49
Monthly Volatility0.33%0.53%1.13%1.52%1.29%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 7.45%-21.54%0.67%0.79%1.92%81.38%
3 Months 21.72%-22.39%1.95%2.31%4.47%83.22%
6 Months 26.14%-22.30%3.82%4.57%6.76%83.57%
1 Year 39.28%-20.32%7.49%7.95%10.66%80.60%
2 Years 50.13%-16.24%14.53%14.47%16.37%90.16%
3 Years 56.84%-8.35%21.54%20.28%31.19%97.27%
5 Years 61.63%7.53%38.58%38.02%42.99%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.