Trude

Excalibur Asset Management AB

Strategy Description

Trude is a credit hedge fund focusing on the institutional debt and credit capital markets of the European countries and the G7-area. The fund takes relative value positions with good profit potential in an attempt to explore inefficiencies in credit markets such as lack of liquidity, market segmentation, barriers of entry, investment restrictions, and increased regulatory burdens. The fund employs quantitative models to screen markets, as well as employs fundamental analysis of individual companies before building positions. Trude’s objective is to achieve solid capital appreciation through active management primarily on Swedish and international markets for fixed-income financial instruments. The intention is to generate returns regardless of movements in bond, stock, foreign exchange, and commodities markets.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountrySweden
Legal StructureSwedish Special Fund
Fund DomicileSweden
Minimum Investment500,000 SEK
AUM291M SEK
Inception DateOct 2015
Management Fee1.00%
Performance Fee20.00%
SFDR Classification -

Company Information

CompanyExcalibur Asset Management AB
AddressBirger Jarlsgatan 15
Stockholm, SE-111 45
Phone+46-8-599 295 10
E-mail[email protected]
Websitewww.excaliburfonder.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2019 1.21 0.52 -1.91 0.85 -1.74 -0.02 -1.50 -1.53 0.54 -3.58
2018 -0.08 -0.40 -0.98 -0.89 0.05 -0.46 -0.11 -0.40 0.38 -0.39 -1.66 0.23 -4.63
2017 1.26 -0.75 0.31 -0.12 -0.83 0.06 -0.10 -0.65 -0.17 -1.20 -0.92 0.29 -2.81
2016 -0.22 -1.66 1.34 0.84 0.10 -1.52 0.97 0.81 -0.68 1.13 -0.87 0.23 0.41
2015 0.30 0.05 0.10 0.45

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 -12.21% 31 0 02/2017 -
2 -1.88% 2 2 01/2016 04/2016
3 -1.52% 1 2 06/2016 08/2016
4 -0.87% 1 2 11/2016 01/2017
5 -0.68% 1 1 09/2016 10/2016

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.83%-0.57%-0.46%-0.43%-0.30%
% Positive33.33%33.33%41.67%33.33%36.11%
Avg. Pos. Period0.54%0.70%0.67%0.51%0.54%
Avg. Neg. Period-1.52%-1.20%-1.25%-0.89%-0.77%
Sharpe Ratio-2.97-1.86-1.42-1.71-1.25
Sortino Ratio-2.34-1.76-1.45-1.67-1.35
Monthly Volatility0.97%1.06%1.10%0.85%0.82%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 1.34%-1.91%-0.21%-0.10%0.54%43.75%
3 Months 2.29%-3.23%-0.67%-0.58%-2.48%23.91%
6 Months 2.54%-5.74%-1.19%-1.15%-3.38%30.23%
1 Year 2.84%-5.73%-2.39%-3.05%-5.34%27.03%
2 Years -0.15%-10.36%-5.60%-6.14%-9.72%0.00%
3 Years -3.50%-11.29%-7.10%-6.90%-10.20%0.00%
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.

Strategy Description

Trude is a credit hedge fund focusing on the institutional debt and credit capital markets of the European countries and the G7-area. The fund takes relative value positions with good profit potential in an attempt to explore inefficiencies in credit markets such as lack of liquidity, market segmentation, barriers of entry, investment restrictions, and increased regulatory burdens. The fund employs quantitative models to screen markets, as well as employs fundamental analysis of individual companies before building positions. Trude’s objective is to achieve solid capital appreciation through active management primarily on Swedish and international markets for fixed-income financial instruments. The intention is to generate returns regardless of movements in bond, stock, foreign exchange, and commodities markets.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountrySweden
Legal StructureSwedish Special Fund
Fund DomicileSweden
Minimum Investment500,000 SEK
AUM291M SEK
Inception DateOct 2015
Management Fee1.00%
Performance Fee20.00%
SFDR Classification -

Company Information

CompanyExcalibur Asset Management AB
AddressBirger Jarlsgatan 15
Stockholm, SE-111 45
Phone+46-8-599 295 10
E-mail[email protected]
Websitewww.excaliburfonder.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2019 1.21 0.52 -1.91 0.85 -1.74 -0.02 -1.50 -1.53 0.54 -3.58
2018 -0.08 -0.40 -0.98 -0.89 0.05 -0.46 -0.11 -0.40 0.38 -0.39 -1.66 0.23 -4.63
2017 1.26 -0.75 0.31 -0.12 -0.83 0.06 -0.10 -0.65 -0.17 -1.20 -0.92 0.29 -2.81
2016 -0.22 -1.66 1.34 0.84 0.10 -1.52 0.97 0.81 -0.68 1.13 -0.87 0.23 0.41
2015 0.30 0.05 0.10 0.45

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return -
3 Month Return -2.48%
Year to Date Return -3.58%
12 Month Return -5.34%
36 Month Return -10.20%
Total Return Annualized -2.56%
Winning Months (%) 43.75%
Average Winning Month 0.55%
Average Losing Month -0.81%
Total Return Cumulative -9.86%

Risk Statistics (12M)

1 Year
Sharpe Ratio-1.42
Sortino Ratio-1.45
Sterling-0.34
Calmar-0.91
Skewness-0.03
Kurtosis-1.40
Maximum Drawdown-5.85%
Correlation vs S&P 5000.34
Annualized Volatility3.81%
Annualized Down. Deviation2.36%

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 -12.21% 31 0 02/2017 -
2 -1.88% 2 2 01/2016 04/2016
3 -1.52% 1 2 06/2016 08/2016
4 -0.87% 1 2 11/2016 01/2017
5 -0.68% 1 1 09/2016 10/2016

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.83%-0.57%-0.46%-0.43%-0.30%
% Positive33.33%33.33%41.67%33.33%36.11%
Avg. Pos. Period0.54%0.70%0.67%0.51%0.54%
Avg. Neg. Period-1.52%-1.20%-1.25%-0.89%-0.77%
Sharpe Ratio-2.97-1.86-1.42-1.71-1.25
Sortino Ratio-2.34-1.76-1.45-1.67-1.35
Monthly Volatility0.97%1.06%1.10%0.85%0.82%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 1.34%-1.91%-0.21%-0.10%0.54%43.75%
3 Months 2.29%-3.23%-0.67%-0.58%-2.48%23.91%
6 Months 2.54%-5.74%-1.19%-1.15%-3.38%30.23%
1 Year 2.84%-5.73%-2.39%-3.05%-5.34%27.03%
2 Years -0.15%-10.36%-5.60%-6.14%-9.72%0.00%
3 Years -3.50%-11.29%-7.10%-6.90%-10.20%0.00%
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.