Foghorn

Keel Capital

Strategy Description

The Foghorn fund is a Luxemburg-registered long/short equity hedge fund launched by Keel Capital in late 2009. The fund’s investment process involves fundamental analysis, supported by proprietary screening tools and financial models. The Foghorn fund invests in easily tradable instruments predominantly consisting of equity (mainly large caps, but also in small- and mid-caps if interesting opportunities arise), and, on an ancillary basis, of government bonds and treasuries. The fund’s assets are mainly invested in the Nordic region.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureSpecialized Investment Fund
Fund DomicileLuxembourg
Minimum Investment500,000 EUR
AUM16M EUR
Inception DateNov 2009
Management Fee1.50%
Performance Fee20.00%
SFDR Classification -

Company Information

CompanyKeel Capital
AddressGamla Brogatan 34
Stockholm, 111 20
Phone +46 8 412 22 45
E-mail[email protected]
Websitehttp://www.keelcapital.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.01 -2.41 -0.61 1.15 -0.28 1.58 -0.05 -0.11 0.22
2023 0.41 1.74 -0.28 0.84 0.77 -1.81 0.51 0.80 0.62 0.33 -1.73 -0.18 1.98
2022 -1.58 -1.41 1.04 0.72 2.05 -1.28 1.98 -1.09 0.91 0.96 -0.46 0.42 2.17
2021 -0.44 -0.60 -3.60 -3.41 0.99 0.12 -0.13 -0.99 2.13 1.56 -2.10 0.27 -6.20
2020 0.72 1.26 -3.83 1.07 0.40 0.07 0.14 0.82 -1.08 -0.22 0.80 2.45 2.50
2019 1.34 0.03 -1.10 0.76 1.37 -0.08 -1.45 1.11 0.13 1.22 -0.33 -2.00 0.93
2018 1.34 0.01 0.25 -1.39 2.24 3.03 1.10 0.28 1.77 -2.37 1.39 -1.15 6.55
2017 -1.62 -0.41 -0.52 -2.14 -0.16 0.44 -0.97 1.51 1.73 1.26 0.70 1.25 0.99
2016 -0.71 1.92 0.59 1.10 -2.07 -1.06 0.18 -0.87 -2.10 1.48 0.06 -0.02 -1.58
2015 0.69 -2.15 2.54 -0.01 1.76 -1.10 -0.33 1.65 1.03 -1.02 3.67 0.29 7.09
2014 1.71 0.35 0.31 1.37 0.71 0.45 0.96 1.74 0.53 3.89 -0.37 -0.49 11.67
2013 1.43 -1.06 1.08 0.84 0.64 -0.17 -0.38 1.04 -0.71 -2.46 1.86 0.11 2.16
2012 0.13 1.45 0.28 1.13 1.83 0.98 0.22 2.25 -0.05 -2.46 -1.32 -0.98 3.41
2011 -1.34 2.47 0.92 -0.30 1.80 0.47 2.24 0.89 -0.78 1.10 0.25 1.12 9.13
2010 0.15 0.64 0.68 -0.91 0.60 -0.63 -0.43 1.28 0.18 1.54 -0.08 0.05 3.08
2009 -0.34 0.40 0.06

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 -9.42% 15 11 05/2016 06/2018
2 -8.99% 14 0 01/2021 -
3 -4.74% 4 16 09/2012 04/2014
4 -4.20% 5 9 11/2019 12/2020
5 -2.37% 1 7 10/2018 05/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.47%0.28%-0.06%0.17%0.17%
% Positive33.33%33.33%41.67%58.33%58.33%
Avg. Pos. Period1.58%1.37%0.94%0.86%1.04%
Avg. Neg. Period-0.08%-0.26%-0.77%-0.79%-1.03%
Sharpe Ratio2.091.22-0.180.590.51
Sortino Ratio23.353.44-0.250.790.71
Monthly Volatility0.78%0.80%1.10%1.02%1.21%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 3.89%-3.83%0.25%0.32%-0.11%61.80%
3 Months 6.50%-7.45%0.75%1.02%1.42%64.20%
6 Months 8.53%-6.91%1.49%1.49%1.67%70.52%
1 Year 14.85%-8.78%3.14%3.08%-0.75%71.86%
2 Years 20.47%-8.53%6.40%6.14%4.08%76.13%
3 Years 23.19%-7.12%9.04%9.49%6.33%83.22%
5 Years 39.48%-2.42%16.30%14.47%-0.60%94.12%

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 Foghorn fund is a Luxemburg-registered long/short equity hedge fund launched by Keel Capital in late 2009. The fund’s investment process involves fundamental analysis, supported by proprietary screening tools and financial models. The Foghorn fund invests in easily tradable instruments predominantly consisting of equity (mainly large caps, but also in small- and mid-caps if interesting opportunities arise), and, on an ancillary basis, of government bonds and treasuries. The fund’s assets are mainly invested in the Nordic region.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureSpecialized Investment Fund
Fund DomicileLuxembourg
Minimum Investment500,000 EUR
AUM16M EUR
Inception DateNov 2009
Management Fee1.50%
Performance Fee20.00%
SFDR Classification -

Company Information

CompanyKeel Capital
AddressGamla Brogatan 34
Stockholm, 111 20
Phone +46 8 412 22 45
E-mail[email protected]
Websitehttp://www.keelcapital.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.01 -2.41 -0.61 1.15 -0.28 1.58 -0.05 -0.11 0.22
2023 0.41 1.74 -0.28 0.84 0.77 -1.81 0.51 0.80 0.62 0.33 -1.73 -0.18 1.98
2022 -1.58 -1.41 1.04 0.72 2.05 -1.28 1.98 -1.09 0.91 0.96 -0.46 0.42 2.17
2021 -0.44 -0.60 -3.60 -3.41 0.99 0.12 -0.13 -0.99 2.13 1.56 -2.10 0.27 -6.20
2020 0.72 1.26 -3.83 1.07 0.40 0.07 0.14 0.82 -1.08 -0.22 0.80 2.45 2.50
2019 1.34 0.03 -1.10 0.76 1.37 -0.08 -1.45 1.11 0.13 1.22 -0.33 -2.00 0.93
2018 1.34 0.01 0.25 -1.39 2.24 3.03 1.10 0.28 1.77 -2.37 1.39 -1.15 6.55
2017 -1.62 -0.41 -0.52 -2.14 -0.16 0.44 -0.97 1.51 1.73 1.26 0.70 1.25 0.99
2016 -0.71 1.92 0.59 1.10 -2.07 -1.06 0.18 -0.87 -2.10 1.48 0.06 -0.02 -1.58
2015 0.69 -2.15 2.54 -0.01 1.76 -1.10 -0.33 1.65 1.03 -1.02 3.67 0.29 7.09
2014 1.71 0.35 0.31 1.37 0.71 0.45 0.96 1.74 0.53 3.89 -0.37 -0.49 11.67
2013 1.43 -1.06 1.08 0.84 0.64 -0.17 -0.38 1.04 -0.71 -2.46 1.86 0.11 2.16
2012 0.13 1.45 0.28 1.13 1.83 0.98 0.22 2.25 -0.05 -2.46 -1.32 -0.98 3.41
2011 -1.34 2.47 0.92 -0.30 1.80 0.47 2.24 0.89 -0.78 1.10 0.25 1.12 9.13
2010 0.15 0.64 0.68 -0.91 0.60 -0.63 -0.43 1.28 0.18 1.54 -0.08 0.05 3.08
2009 -0.34 0.40 0.06

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return -
3 Month Return 1.42%
Year to Date Return 0.22%
12 Month Return -0.75%
36 Month Return 6.33%
Total Return Annualized 2.89%
Winning Months (%) 61.80%
Average Winning Month 1.05%
Average Losing Month -1.06%
Total Return Cumulative 52.60%

Risk Statistics (12M)

1 Year
Sharpe Ratio-0.18
Sortino Ratio-0.25
Sterling-0.05
Calmar-0.19
Skewness-0.83
Kurtosis1.23
Maximum Drawdown-3.89%
Correlation vs S&P 500-0.64
Annualized Volatility3.82%
Annualized Down. Deviation2.98%

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 -9.42% 15 11 05/2016 06/2018
2 -8.99% 14 0 01/2021 -
3 -4.74% 4 16 09/2012 04/2014
4 -4.20% 5 9 11/2019 12/2020
5 -2.37% 1 7 10/2018 05/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.47%0.28%-0.06%0.17%0.17%
% Positive33.33%33.33%41.67%58.33%58.33%
Avg. Pos. Period1.58%1.37%0.94%0.86%1.04%
Avg. Neg. Period-0.08%-0.26%-0.77%-0.79%-1.03%
Sharpe Ratio2.091.22-0.180.590.51
Sortino Ratio23.353.44-0.250.790.71
Monthly Volatility0.78%0.80%1.10%1.02%1.21%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 3.89%-3.83%0.25%0.32%-0.11%61.80%
3 Months 6.50%-7.45%0.75%1.02%1.42%64.20%
6 Months 8.53%-6.91%1.49%1.49%1.67%70.52%
1 Year 14.85%-8.78%3.14%3.08%-0.75%71.86%
2 Years 20.47%-8.53%6.40%6.14%4.08%76.13%
3 Years 23.19%-7.12%9.04%9.49%6.33%83.22%
5 Years 39.48%-2.42%16.30%14.47%-0.60%94.12%

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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