Rhenman & Partners Asset Management AB

Rhenman Global Opportunities L/S

Strategy Description

Rhenman Global Opportunities L/S is a global, actively managed long/short fund that can invest in all sectors worldwide. The fund makes investments based on active selection of regions and sectors, completely independent of index. The portfolio of RGO L/S usually consists of 35-50 positions, preferably in larger companies. The investment horizon for long positions is typically 2-4 years, while the time horizon for short positions is typically 6 months up to 2 years. The fund is long-biased and has a positive outlook over the business cycle, with a typical net exposure of roughly 50-90%.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureFund
Fund DomicileSweden
Minimum Investment500 SEK
AUM -
Inception DateSep 2016
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanyRhenman & Partners Asset Management AB
PrincipalHenrik Rhenman
Investor RelationsCarl Grevelius
AddressStrandvägen 5A
Stockholm, 114 51
Phone+46 (0)8 459 88 80
E-mail[email protected]
Websitewww.rhepa.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2020 -3.38 -9.79 -11.76 5.23 0.13 -0.37 -3.00 1.64 -1.57 -1.77 10.47 -14.98
2019 10.25 5.48 -0.37 9.84 -8.66 3.91 1.43 -1.78 3.19 -0.16 1.12 -0.12 25.21
2018 -0.94 -3.51 -1.16 4.17 -4.31 -1.93 3.00 1.23 -1.46 -7.30 0.44 -12.87 -23.02
2017 -0.09 2.18 -0.45 -0.21 -1.36 -0.40 -1.78 -1.68 4.37 1.99 1.52 -0.48 3.48
2016 0.10 1.12 2.06 1.02 4.36

Portfolio Managers

Staffan Knafve, portfolio manager of Rhenman Global Opportunities L/S, has 30 years of experience as an analyst and manager with a focus on global allocation. He was also the founder of Carnegie’s small-cap research product, Head of Carnegie’s global fund of funds, and Head of equities at both Nordea Investment Management and Swedbank Robur. Knafve also held numerous assignments in investment committees with global mandates and is also the former Chairman of listed company Tethys Oil.

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 -26.22% 28 0 12/2017 -
2 -5.75% 6 2 03/2017 10/2017
3 -0.09% 1 1 01/2017 02/2017
4 - - - - -
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.22%0.80%-1.35%-0.31%-0.56%
% Positive33.33%33.33%33.33%45.83%41.67%
Avg. Pos. Period10.47%6.06%4.37%4.79%4.10%
Avg. Neg. Period-1.67%-1.68%-3.97%-4.28%-3.65%
Sharpe Ratio1.440.69-0.73-0.07-0.27
Sortino Ratio5.631.78-1.01-0.24-0.48
Monthly Volatility5.72%4.51%5.65%6.14%5.32%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.47%-12.87%-0.13%-0.16%10.47%45.10%
3 Months 15.86%-23.09%-0.88%-0.04%6.81%48.98%
6 Months 20.79%-22.45%-2.25%-0.88%4.92%45.65%
1 Year 25.21%-23.02%-4.65%-3.46%-15.08%37.50%
2 Years 3.99%-21.53%-9.29%-7.54%-7.24%7.14%
3 Years 3.12%-25.05%-12.47%-17.96%-18.44%25.00%
5 Years ------

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

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

Rhenman Global Opportunities L/S is a global, actively managed long/short fund that can invest in all sectors worldwide. The fund makes investments based on active selection of regions and sectors, completely independent of index. The portfolio of RGO L/S usually consists of 35-50 positions, preferably in larger companies. The investment horizon for long positions is typically 2-4 years, while the time horizon for short positions is typically 6 months up to 2 years. The fund is long-biased and has a positive outlook over the business cycle, with a typical net exposure of roughly 50-90%.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureFund
Fund DomicileSweden
Minimum Investment500 SEK
AUM -
Inception DateSep 2016
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanyRhenman & Partners Asset Management AB
PrincipalHenrik Rhenman
Investor RelationsCarl Grevelius
AddressStrandvägen 5A
Stockholm, 114 51
Phone+46 (0)8 459 88 80
E-mail[email protected]
Websitewww.rhepa.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2020 -3.38 -9.79 -11.76 5.23 0.13 -0.37 -3.00 1.64 -1.57 -1.77 10.47 -14.98
2019 10.25 5.48 -0.37 9.84 -8.66 3.91 1.43 -1.78 3.19 -0.16 1.12 -0.12 25.21
2018 -0.94 -3.51 -1.16 4.17 -4.31 -1.93 3.00 1.23 -1.46 -7.30 0.44 -12.87 -23.02
2017 -0.09 2.18 -0.45 -0.21 -1.36 -0.40 -1.78 -1.68 4.37 1.99 1.52 -0.48 3.48
2016 0.10 1.12 2.06 1.02 4.36

Portfolio Managers

Staffan Knafve, portfolio manager of Rhenman Global Opportunities L/S, has 30 years of experience as an analyst and manager with a focus on global allocation. He was also the founder of Carnegie’s small-cap research product, Head of Carnegie’s global fund of funds, and Head of equities at both Nordea Investment Management and Swedbank Robur. Knafve also held numerous assignments in investment committees with global mandates and is also the former Chairman of listed company Tethys Oil.

Family of Funds

Return Statistics

Last Month Return -
3 Month Return 6.81%
Year to Date Return -14.98%
12 Month Return -15.08%
36 Month Return -18.44%
Total Return Annualized -2.83%
Winning Months (%) 45.10%
Average Winning Month 3.30%
Average Losing Month -2.95%
Total Return Cumulative -11.50%

Risk Statistics (12M)

1 Year
Sharpe Ratio-0.73
Sortino Ratio-1.01
Sterling-0.45
Calmar-0.65
Skewness0.03
Kurtosis1.88
Maximum Drawdown-23.18%
Correlation vs S&P 5000.90
Annualized Volatility19.57%
Annualized Down. Deviation14.19%

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 -26.22% 28 0 12/2017 -
2 -5.75% 6 2 03/2017 10/2017
3 -0.09% 1 1 01/2017 02/2017
4 - - - - -
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.22%0.80%-1.35%-0.31%-0.56%
% Positive33.33%33.33%33.33%45.83%41.67%
Avg. Pos. Period10.47%6.06%4.37%4.79%4.10%
Avg. Neg. Period-1.67%-1.68%-3.97%-4.28%-3.65%
Sharpe Ratio1.440.69-0.73-0.07-0.27
Sortino Ratio5.631.78-1.01-0.24-0.48
Monthly Volatility5.72%4.51%5.65%6.14%5.32%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.47%-12.87%-0.13%-0.16%10.47%45.10%
3 Months 15.86%-23.09%-0.88%-0.04%6.81%48.98%
6 Months 20.79%-22.45%-2.25%-0.88%4.92%45.65%
1 Year 25.21%-23.02%-4.65%-3.46%-15.08%37.50%
2 Years 3.99%-21.53%-9.29%-7.54%-7.24%7.14%
3 Years 3.12%-25.05%-12.47%-17.96%-18.44%25.00%
5 Years ------

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.