PriorNilsson Idea

Prior&Nilsson Fond och Kapitalförvaltning AB

Strategy Description

PriorNilsson Idea is an actively managed special fund employing a long/short strategy designed to create positive returns regardless of the development of the market. The fund mainly invests in large companies, but can also invest in small and medium-sized companies, predominantly in the Nordic countries and Europe. Although PriorNilsson Idea mainly focuses on equity markets, the fund may also take positions in interest rate and currency markets.

*Note: Originally launched in early 2006, PriorNilsson Idea began to employ more extensive hedging strategies to reduce return volatility from the beginning of 2014. The fund employed a more aggressive strategy between 2006-2014.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureSwedish Special Fund
Fund DomicileSweden
Minimum Investment500 SEK
AUM2,523M SEK
Inception DateJan 2006
Management Fee0.20%
Performance Fee20.00%

Company Information

CompanyPrior&Nilsson Fond och Kapitalförvaltning AB
Investor RelationsMarcus Ehrenpreis
AddressBirger Jarlsgatan 2, PO Box 7136
Stockholm, SE-103 87
Phone+46 8 441 77 00
E-mail[email protected]
Websitewww.priornilsson.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.01 1.58 4.46 1.31 2.10 -0.56 9.16
2023 5.31 0.43 0.21 2.06 -1.15 1.01 1.47 0.46 -0.17 0.35 3.44 4.74 19.50
2022 -4.97 -4.82 -0.48 -2.94 -0.84 -6.03 6.81 -2.90 -3.15 2.44 3.09 -0.05 -13.69
2021 0.52 3.48 4.45 4.25 1.64 -0.13 3.09 0.60 -3.40 3.72 1.32 3.44 25.21
2020 1.43 -1.61 -7.98 3.36 2.85 0.92 0.27 2.84 4.03 -5.65 9.72 0.61 10.08
2019 3.12 2.54 0.29 1.83 0.42 1.97 1.40 1.03 0.98 -0.43 1.61 2.00 18.05
2018 0.56 0.74 -0.87 5.21 -0.66 0.94 2.20 3.48 -0.21 -3.27 -0.03 -1.07 6.96
2017 0.54 1.39 3.62 4.18 0.16 -1.64 -1.16 -0.33 3.09 1.44 -1.21 -0.37 9.93
2016 -5.16 4.55 3.34 1.70 1.72 -3.92 6.78 2.31 1.01 2.15 1.08 2.32 18.74
2015 6.35 7.86 1.14 0.44 -1.84 -3.45 2.09 -4.16 -4.14 5.22 5.54 -4.09 10.32
2014 0.35 8.27 2.37 1.98 1.69 -0.17 -2.69 -0.39 -1.62 -0.91 3.97 3.34 16.90
2013 3.32* 2.98* -0.59* 0.98* 4.98* -5.80* 4.03* 0.52* 3.25* -1.49* 2.73* 1.02* 16.59*
2012 10.15* 8.40* -1.61* 0.90* -6.73* 1.30* 4.06* -2.27* 2.92* 0.89* 4.19* 1.68* 25.29*
2011 -2.16* -6.74* 2.07* 3.73* -2.12* -3.63* -6.66* -10.33* -8.89* 11.94* -2.05* -2.58* -25.77*
2010 1.31* -0.01* 10.56* 3.19* -7.56* -0.09* 5.59* -3.19* 10.57* -2.64* 2.38* 8.32* 30.26*
2009 -8.17* 4.30* 5.09* 19.05* 4.05* -0.02* 7.84* 9.11* 1.82* 2.85* 1.85* 4.64* 63.70*
2008 -6.08* 6.17* 1.28* -1.72* 2.38* -12.87* 3.77* 1.33* -12.90* -24.75* -4.34* 9.75* -35.94*
2007 2.59* -0.05* 2.25* 2.13* 2.71* -0.51* -0.13* -1.00* -2.27* -0.27* -3.84* 0.18* 1.58*
2006 1.81* 2.90* 3.15* 0.59* -6.37* 0.32* -0.55* 1.52* 2.86* 0.00* 1.95* 5.87* 14.44*

Portfolio Managers

Torgny Prior, portfolio manager of PriorNilsson Idea, worked for two years as an accountant before joining the securities company Sven Hagströmer Fondkommission AB as head of finance and subsequently as an analyst. In 1987, he joined financial services company Skandia as an analyst and asset manager. For a total of 13 years, he was active as a portfolio manager for the Swedish central bank’s Tercentenary Foundation and was appointed director of finance in 1998. Torgny is now co-owner of Prior&Nilsson och Partners AB, a member of the board of Prior&Nilsson Fond och Kapitalförvaltning AB and manager of the Idea Fund and the Sverige Aktiv Fund.
 
Martin Lindqvist, portfolio manager of PriorNilsson Idea, has a Master’s degree in accounting from the Stockholm School of Economics. He manages the Idea Fund and the Sverige Aktiv Fund alongside Torgny Prior.

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 -46.09% 18 16 06/2007 03/2010
2 -30.51% 9 20 01/2011 05/2013
3 -18.59% 6 18 01/2022 12/2023
4 -11.11% 5 8 05/2015 05/2016
5 -9.46% 2 5 02/2020 08/2020

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.95%1.47%1.59%1.36%0.57%
% Positive66.67%83.33%83.33%75.00%63.89%
Avg. Pos. Period1.71%1.89%1.99%2.29%2.32%
Avg. Neg. Period-0.56%-0.56%-0.37%-1.33%-2.42%
Sharpe Ratio2.953.193.252.030.72
Sortino Ratio10.1322.2932.515.161.05
Monthly Volatility1.12%1.61%1.71%2.37%2.94%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 19.05%-24.75%0.89%1.11%-0.56%64.41%
3 Months 30.49%-37.30%2.70%3.62%2.86%70.00%
6 Months 53.14%-42.56%5.54%6.47%9.16%74.65%
1 Year 82.15%-41.52%11.15%12.74%20.77%78.67%
2 Years 127.19%-41.75%21.63%21.96%38.30%86.93%
3 Years 97.32%-32.83%34.64%36.15%22.61%95.72%
5 Years 162.27%3.00%69.26%67.81%65.66%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

PriorNilsson Idea is an actively managed special fund employing a long/short strategy designed to create positive returns regardless of the development of the market. The fund mainly invests in large companies, but can also invest in small and medium-sized companies, predominantly in the Nordic countries and Europe. Although PriorNilsson Idea mainly focuses on equity markets, the fund may also take positions in interest rate and currency markets.

*Note: Originally launched in early 2006, PriorNilsson Idea began to employ more extensive hedging strategies to reduce return volatility from the beginning of 2014. The fund employed a more aggressive strategy between 2006-2014.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureSwedish Special Fund
Fund DomicileSweden
Minimum Investment500 SEK
AUM2,523M SEK
Inception DateJan 2006
Management Fee0.20%
Performance Fee20.00%

Company Information

CompanyPrior&Nilsson Fond och Kapitalförvaltning AB
Investor RelationsMarcus Ehrenpreis
AddressBirger Jarlsgatan 2, PO Box 7136
Stockholm, SE-103 87
Phone+46 8 441 77 00
E-mail[email protected]
Websitewww.priornilsson.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.01 1.58 4.46 1.31 2.10 -0.56 9.16
2023 5.31 0.43 0.21 2.06 -1.15 1.01 1.47 0.46 -0.17 0.35 3.44 4.74 19.50
2022 -4.97 -4.82 -0.48 -2.94 -0.84 -6.03 6.81 -2.90 -3.15 2.44 3.09 -0.05 -13.69
2021 0.52 3.48 4.45 4.25 1.64 -0.13 3.09 0.60 -3.40 3.72 1.32 3.44 25.21
2020 1.43 -1.61 -7.98 3.36 2.85 0.92 0.27 2.84 4.03 -5.65 9.72 0.61 10.08
2019 3.12 2.54 0.29 1.83 0.42 1.97 1.40 1.03 0.98 -0.43 1.61 2.00 18.05
2018 0.56 0.74 -0.87 5.21 -0.66 0.94 2.20 3.48 -0.21 -3.27 -0.03 -1.07 6.96
2017 0.54 1.39 3.62 4.18 0.16 -1.64 -1.16 -0.33 3.09 1.44 -1.21 -0.37 9.93
2016 -5.16 4.55 3.34 1.70 1.72 -3.92 6.78 2.31 1.01 2.15 1.08 2.32 18.74
2015 6.35 7.86 1.14 0.44 -1.84 -3.45 2.09 -4.16 -4.14 5.22 5.54 -4.09 10.32
2014 0.35 8.27 2.37 1.98 1.69 -0.17 -2.69 -0.39 -1.62 -0.91 3.97 3.34 16.90
2013 3.32* 2.98* -0.59* 0.98* 4.98* -5.80* 4.03* 0.52* 3.25* -1.49* 2.73* 1.02* 16.59*
2012 10.15* 8.40* -1.61* 0.90* -6.73* 1.30* 4.06* -2.27* 2.92* 0.89* 4.19* 1.68* 25.29*
2011 -2.16* -6.74* 2.07* 3.73* -2.12* -3.63* -6.66* -10.33* -8.89* 11.94* -2.05* -2.58* -25.77*
2010 1.31* -0.01* 10.56* 3.19* -7.56* -0.09* 5.59* -3.19* 10.57* -2.64* 2.38* 8.32* 30.26*
2009 -8.17* 4.30* 5.09* 19.05* 4.05* -0.02* 7.84* 9.11* 1.82* 2.85* 1.85* 4.64* 63.70*
2008 -6.08* 6.17* 1.28* -1.72* 2.38* -12.87* 3.77* 1.33* -12.90* -24.75* -4.34* 9.75* -35.94*
2007 2.59* -0.05* 2.25* 2.13* 2.71* -0.51* -0.13* -1.00* -2.27* -0.27* -3.84* 0.18* 1.58*
2006 1.81* 2.90* 3.15* 0.59* -6.37* 0.32* -0.55* 1.52* 2.86* 0.00* 1.95* 5.87* 14.44*

Portfolio Managers

Torgny Prior, portfolio manager of PriorNilsson Idea, worked for two years as an accountant before joining the securities company Sven Hagströmer Fondkommission AB as head of finance and subsequently as an analyst. In 1987, he joined financial services company Skandia as an analyst and asset manager. For a total of 13 years, he was active as a portfolio manager for the Swedish central bank’s Tercentenary Foundation and was appointed director of finance in 1998. Torgny is now co-owner of Prior&Nilsson och Partners AB, a member of the board of Prior&Nilsson Fond och Kapitalförvaltning AB and manager of the Idea Fund and the Sverige Aktiv Fund.
 
Martin Lindqvist, portfolio manager of PriorNilsson Idea, has a Master’s degree in accounting from the Stockholm School of Economics. He manages the Idea Fund and the Sverige Aktiv Fund alongside Torgny Prior.

Family of Funds

Return Statistics

Last Month Return -0.56%
3 Month Return 2.86%
Year to Date Return 9.16%
12 Month Return 20.77%
36 Month Return 22.61%
Total Return Annualized 9.84%
Winning Months (%) 64.41%
Average Winning Month 3.15%
Average Losing Month -3.25%
Total Return Cumulative 467.88%

Risk Statistics (12M)

1 Year
Sharpe Ratio3.25
Sortino Ratio32.51
Sterling1.97
Calmar37.09
Skewness0.82
Kurtosis0.01
Maximum Drawdown-0.56%
Correlation vs S&P 5000.56
Annualized Volatility5.91%
Annualized Down. Deviation0.68%

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 -46.09% 18 16 06/2007 03/2010
2 -30.51% 9 20 01/2011 05/2013
3 -18.59% 6 18 01/2022 12/2023
4 -11.11% 5 8 05/2015 05/2016
5 -9.46% 2 5 02/2020 08/2020

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.95%1.47%1.59%1.36%0.57%
% Positive66.67%83.33%83.33%75.00%63.89%
Avg. Pos. Period1.71%1.89%1.99%2.29%2.32%
Avg. Neg. Period-0.56%-0.56%-0.37%-1.33%-2.42%
Sharpe Ratio2.953.193.252.030.72
Sortino Ratio10.1322.2932.515.161.05
Monthly Volatility1.12%1.61%1.71%2.37%2.94%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 19.05%-24.75%0.89%1.11%-0.56%64.41%
3 Months 30.49%-37.30%2.70%3.62%2.86%70.00%
6 Months 53.14%-42.56%5.54%6.47%9.16%74.65%
1 Year 82.15%-41.52%11.15%12.74%20.77%78.67%
2 Years 127.19%-41.75%21.63%21.96%38.30%86.93%
3 Years 97.32%-32.83%34.64%36.15%22.61%95.72%
5 Years 162.27%3.00%69.26%67.81%65.66%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.