Asgard Credit Fund

Asgard Asset Management

Strategy Description

Asgard Credit Fund represents a replica of the classic income arbitrage strategy fund run by Moma Advisors, called Asgard Fixed Income fund. The Asgard Credit fund started applying the tried and tested proprietary analytical and risk management techniques of Moma to a new investment universe of liquid credit. Although the two funds share a similar investment philosophy and process, the funds are separate vehicles run by different portfolio managers that have a small likelihood of international position overlap. The Asgard Fixed Income strategy predominantly trades Scandinavian markets in Sweden, Norway, Denmark and Finland, whereas the other credit strategy has little or no exposure to Nordic Markets. Asgard Credit targets returns of plus 8% per year through a full cycle. This is comparable to equity returns, but the fund aims for much lower downside risk over multi-year periods.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureICAV
Fund DomicileIreland
Minimum Investment250,000 EUR
AUM95M EUR
Inception DateOct 2016
Management Fee1.25%
Performance Fee15.00%
SFDR Classification -

Company Information

CompanyAsgard Asset Management
AddressLandgreven 3
København K, 1301
Phone
E-mail[email protected]
Websitewww.asgardam.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2020 -0.30 -5.26 -26.81 4.00 5.03 3.97 3.90 3.69 -3.56 -0.98 6.75 -0.65 -14.34
2019 9.97 1.83 2.14 2.65 -4.98 7.30 0.04 -0.09 1.76 1.98 1.66 1.91 28.64
2018 1.31 -3.18 -1.38 0.56 -0.31 -0.32 3.65 0.30 2.10 -3.49 -2.43 -5.93 -9.11
2017 0.90 0.98 1.04 1.25 0.27 -0.11 1.47 -1.07 -0.93 1.73 -0.16 1.75 7.30
2016 -0.46 1.93 0.31 1.78

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 -30.87% 3 0 01/2020 -
2 -11.42% 3 3 10/2018 03/2019
3 -4.98% 1 1 05/2019 06/2019
4 -4.59% 5 3 02/2018 09/2018
5 -1.99% 2 3 08/2017 12/2017

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.65%1.46%-1.28%0.41%0.00%
% Positive33.33%50.00%50.00%66.67%58.33%
Avg. Pos. Period6.75%4.78%4.56%3.66%3.17%
Avg. Neg. Period-0.82%-1.73%-6.26%-5.33%-3.98%
Sharpe Ratio1.661.50-0.340.340.11
Sortino Ratio8.393.31-0.560.250.00
Monthly Volatility3.57%3.52%8.58%6.73%5.73%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 9.97%-26.81%0.31%0.90%-0.65%60.78%
3 Months 14.38%-30.87%0.82%2.00%5.02%67.35%
6 Months 19.71%-26.96%1.18%2.53%9.11%69.57%
1 Year 28.64%-22.25%0.89%3.09%-14.34%62.50%
2 Years 16.91%-16.45%4.79%7.77%10.20%67.86%
3 Years 25.45%-15.76%5.29%0.70%0.15%56.25%
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.

Strategy Description

Asgard Credit Fund represents a replica of the classic income arbitrage strategy fund run by Moma Advisors, called Asgard Fixed Income fund. The Asgard Credit fund started applying the tried and tested proprietary analytical and risk management techniques of Moma to a new investment universe of liquid credit. Although the two funds share a similar investment philosophy and process, the funds are separate vehicles run by different portfolio managers that have a small likelihood of international position overlap. The Asgard Fixed Income strategy predominantly trades Scandinavian markets in Sweden, Norway, Denmark and Finland, whereas the other credit strategy has little or no exposure to Nordic Markets. Asgard Credit targets returns of plus 8% per year through a full cycle. This is comparable to equity returns, but the fund aims for much lower downside risk over multi-year periods.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureICAV
Fund DomicileIreland
Minimum Investment250,000 EUR
AUM95M EUR
Inception DateOct 2016
Management Fee1.25%
Performance Fee15.00%
SFDR Classification -

Company Information

CompanyAsgard Asset Management
AddressLandgreven 3
København K, 1301
Phone
E-mail[email protected]
Websitewww.asgardam.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2020 -0.30 -5.26 -26.81 4.00 5.03 3.97 3.90 3.69 -3.56 -0.98 6.75 -0.65 -14.34
2019 9.97 1.83 2.14 2.65 -4.98 7.30 0.04 -0.09 1.76 1.98 1.66 1.91 28.64
2018 1.31 -3.18 -1.38 0.56 -0.31 -0.32 3.65 0.30 2.10 -3.49 -2.43 -5.93 -9.11
2017 0.90 0.98 1.04 1.25 0.27 -0.11 1.47 -1.07 -0.93 1.73 -0.16 1.75 7.30
2016 -0.46 1.93 0.31 1.78

Portfolio Managers

     
No data filled

Return Statistics

Last Month Return -
3 Month Return 5.02%
Year to Date Return -14.34%
12 Month Return -14.34%
36 Month Return 0.15%
Total Return Annualized 2.13%
Winning Months (%) 60.78%
Average Winning Month 2.52%
Average Losing Month -3.12%
Total Return Cumulative 9.37%

Risk Statistics (12M)

1 Year
Sharpe Ratio-0.34
Sortino Ratio-0.56
Sterling-0.35
Calmar-0.46
Skewness-2.85
Kurtosis9.37
Maximum Drawdown-30.87%
Correlation vs S&P 5000.83
Annualized Volatility29.72%
Annualized Down. Deviation32.42%

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 -30.87% 3 0 01/2020 -
2 -11.42% 3 3 10/2018 03/2019
3 -4.98% 1 1 05/2019 06/2019
4 -4.59% 5 3 02/2018 09/2018
5 -1.99% 2 3 08/2017 12/2017

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.65%1.46%-1.28%0.41%0.00%
% Positive33.33%50.00%50.00%66.67%58.33%
Avg. Pos. Period6.75%4.78%4.56%3.66%3.17%
Avg. Neg. Period-0.82%-1.73%-6.26%-5.33%-3.98%
Sharpe Ratio1.661.50-0.340.340.11
Sortino Ratio8.393.31-0.560.250.00
Monthly Volatility3.57%3.52%8.58%6.73%5.73%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 9.97%-26.81%0.31%0.90%-0.65%60.78%
3 Months 14.38%-30.87%0.82%2.00%5.02%67.35%
6 Months 19.71%-26.96%1.18%2.53%9.11%69.57%
1 Year 28.64%-22.25%0.89%3.09%-14.34%62.50%
2 Years 16.91%-16.45%4.79%7.77%10.20%67.86%
3 Years 25.45%-15.76%5.29%0.70%0.15%56.25%
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.

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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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