Estlander & Partners

Estlander & Partners Global Markets Program

Strategy Description

Estlander & Partners Global Markets adopt a systematic trading approach to global and liquid futures and forward markets. Over 110 markets are traded in the programme, where price and fundamental information is used for decision making. The core parts of Global Markets are trend following models. Return extraction is based on behavioural biases and cyclical risk premiums as well as changes in global economies. Here, models with holding periods from two weeks up to several months are combined. In the decision making process, data from the underlying market as well as related markets is used. Positions are both long and short. Systematic Fundamental models take further advantage of non-price information in the decision making process. The models provide a diversifying return stream and are also used for filtering out low-probability long term trades. High Frequency models (short term momentum with intra-day signal updates) are trading on horizons ranging from a few hours to 10 days. These models allow for position adjustment in rapidly changing market conditions. The models are a positive diversifier as well. Risk is balanced in the portfolio with Achilles risk management. It is a forward looking estimation of the worst case outcome (including correlation breakdowns) for each model and is used for balancing risk in the models. The information is provided on strategy level for the investment program in question. Performance figures and other information on funds applying the investment program in question are available by contacting Estlander & Partners Ltd.

Fund Information

General Information

NHX CategoryCTA
NHX CountryFinland
Legal StructureUnknown
Fund DomicileFinland
Minimum Investment5,000,000 USD
AUM33M USD
Inception DateAug 1991
Management Fee1.50%
Performance Fee20.00%

Company Information

CompanyEstlander & Partners
PrincipalMartin Estlander
AddressPitkäkatu 34 C, Vaasa
Helsinki, FI-00100
Phone+358207613300
E-mail[email protected]
Websitewww.estlander.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2015 3.10 1.28 0.63 -0.20 -1.04 -5.33 -0.43 -2.86 -4.97
2014 -1.77 1.16 -2.27 0.47 3.16 1.09 -0.72 0.22 2.07 -0.23 2.06 -0.66 4.53
2013 1.42 -0.20 -1.64 2.69 -2.63 -0.92 -1.73 -2.43 0.02 1.46 -0.03 -1.10 -5.12
2012 0.55 2.85 -2.01 -0.10 0.88 -4.19 5.56 0.33 0.52 -3.47 -0.32 0.89 1.12
2011 -1.11 2.86 -1.35 4.32 -4.10 -2.91 3.66 -0.07 -0.94 -3.32 -0.67 0.63 -3.35
2010 -4.86 0.28 3.33 2.31 -5.25 -0.57 -0.09 1.63 4.06 2.16 -1.61 3.95 4.90
2009 0.99 0.64 -2.01 -1.61 3.25 -0.28 2.69 -0.94 0.70 0.96 1.46 -0.38 5.46
2008 2.79 3.65 -2.13 0.10 -0.66 2.87 -4.03 -0.59 -1.14 8.01 0.89 0.22 9.87
2007 -1.31 -3.35 -0.98 6.64 3.28 2.62 -2.31 -10.23 7.14 5.10 -4.11 -0.25 0.83
2006 3.14 -3.15 -1.30 0.61 -5.24 -2.92 0.62 4.84 0.25 -1.12 2.89 -1.27 -3.07
2005 -1.22 -1.03 -0.43 -0.43 3.20 4.19 -0.28 2.04 -1.17 -4.04 6.49 -3.49 3.36
2004 0.15 3.82 -2.91 -6.38 -3.73 -0.60 -1.25 -1.03 1.42 3.74 5.99 1.63 0.17
2003 6.62 4.13 -3.68 -0.81 3.39 -5.62 -1.43 -1.93 0.21 5.42 1.30 2.91 10.19
2002 -2.28 0.10 -5.19 -0.41 2.78 5.05 0.45 1.75 3.00 -1.92 -2.09 4.94 5.79
2001 -0.45 2.19 8.72 -6.84 1.83 0.37 -2.29 2.16 5.34 4.31 -7.64 3.64 10.57
2000 0.87 1.59 0.43 -1.75 0.33 -1.36 0.45 5.24 -1.42 2.41 1.44 4.20 12.88
1999 -2.56 1.81 -2.03 6.15 -4.21 0.80 -3.21 -0.20 -0.43 -6.99 5.64 7.66 1.35
1998 3.23 -2.21 2.26 -7.45 5.25 -5.14 0.20 14.28 1.52 -2.35 -0.43 0.46 8.31
1997 1.52 0.64 -3.20 -4.85 2.36 2.54 10.22 -3.19 4.41 -2.48 0.59 2.91 11.09
1996 4.73 -7.66 -1.38 5.14 -2.59 0.01 -0.46 1.43 10.75 9.01 4.00 -3.45 19.56
1995 -1.10 5.22 9.73 3.86 8.78 -1.47 0.40 -0.44 -6.46 -0.33 4.54 6.85 32.32
1994 -4.77 -1.24 2.53 0.17 3.49 -1.55 -0.30 -0.89 1.47 -2.37 1.35 -1.87 -4.19
1993 -2.61 1.13 -1.09 2.81 4.37 -3.37 2.57 1.65 1.54 0.44 -1.58 1.63 7.43
1992 -0.23 -0.06 -1.11 0.38 0.45 3.53 5.75 6.07 0.39 1.19 -1.51 0.48 16.07
1991 -1.53 -1.60 9.02 1.19 3.04 10.14

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 -14.99% 6 10 03/2004 06/2005
2 -13.97% 35 0 05/2011 -
3 -13.62% 6 4 05/1999 02/2000
4 -12.42% 21 6 12/2005 02/2008
5 -11.59% 6 5 11/2001 09/2002

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-2.89%-1.56%-0.16%-0.01%-0.23%
% Positive0.00%16.67%41.67%50.00%44.44%
Avg. Pos. Period - 0.63%1.83%1.39%1.39%
Avg. Neg. Period-2.87%-1.97%-1.54%-1.39%-1.50%
Sharpe Ratio-4.98-2.66-0.210.01-0.40
Sortino Ratio-2.86-2.15-0.31-0.03-0.54
Monthly Volatility2.00%2.00%2.20%1.87%1.85%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 14.28%-10.23%0.55%0.28%-2.86%53.98%
3 Months 25.56%-12.49%1.71%0.96%-8.43%59.23%
6 Months 29.04%-14.99%3.39%2.83%-9.00%63.73%
1 Year 40.12%-10.86%6.75%5.48%-1.89%73.38%
2 Years 62.40%-11.55%13.36%10.52%-0.34%86.09%
3 Years 83.44%-13.56%21.15%18.59%-8.03%90.94%
5 Years 101.72%-0.20%39.26%31.09%0.15%99.57%

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

Estlander & Partners Global Markets adopt a systematic trading approach to global and liquid futures and forward markets. Over 110 markets are traded in the programme, where price and fundamental information is used for decision making. The core parts of Global Markets are trend following models. Return extraction is based on behavioural biases and cyclical risk premiums as well as changes in global economies. Here, models with holding periods from two weeks up to several months are combined. In the decision making process, data from the underlying market as well as related markets is used. Positions are both long and short. Systematic Fundamental models take further advantage of non-price information in the decision making process. The models provide a diversifying return stream and are also used for filtering out low-probability long term trades. High Frequency models (short term momentum with intra-day signal updates) are trading on horizons ranging from a few hours to 10 days. These models allow for position adjustment in rapidly changing market conditions. The models are a positive diversifier as well. Risk is balanced in the portfolio with Achilles risk management. It is a forward looking estimation of the worst case outcome (including correlation breakdowns) for each model and is used for balancing risk in the models. The information is provided on strategy level for the investment program in question. Performance figures and other information on funds applying the investment program in question are available by contacting Estlander & Partners Ltd.

Fund Information

General Information

NHX CategoryCTA
NHX CountryFinland
Legal StructureUnknown
Fund DomicileFinland
Minimum Investment5,000,000 USD
AUM33M USD
Inception DateAug 1991
Management Fee1.50%
Performance Fee20.00%

Company Information

CompanyEstlander & Partners
PrincipalMartin Estlander
AddressPitkäkatu 34 C, Vaasa
Helsinki, FI-00100
Phone+358207613300
E-mail[email protected]
Websitewww.estlander.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2015 3.10 1.28 0.63 -0.20 -1.04 -5.33 -0.43 -2.86 -4.97
2014 -1.77 1.16 -2.27 0.47 3.16 1.09 -0.72 0.22 2.07 -0.23 2.06 -0.66 4.53
2013 1.42 -0.20 -1.64 2.69 -2.63 -0.92 -1.73 -2.43 0.02 1.46 -0.03 -1.10 -5.12
2012 0.55 2.85 -2.01 -0.10 0.88 -4.19 5.56 0.33 0.52 -3.47 -0.32 0.89 1.12
2011 -1.11 2.86 -1.35 4.32 -4.10 -2.91 3.66 -0.07 -0.94 -3.32 -0.67 0.63 -3.35
2010 -4.86 0.28 3.33 2.31 -5.25 -0.57 -0.09 1.63 4.06 2.16 -1.61 3.95 4.90
2009 0.99 0.64 -2.01 -1.61 3.25 -0.28 2.69 -0.94 0.70 0.96 1.46 -0.38 5.46
2008 2.79 3.65 -2.13 0.10 -0.66 2.87 -4.03 -0.59 -1.14 8.01 0.89 0.22 9.87
2007 -1.31 -3.35 -0.98 6.64 3.28 2.62 -2.31 -10.23 7.14 5.10 -4.11 -0.25 0.83
2006 3.14 -3.15 -1.30 0.61 -5.24 -2.92 0.62 4.84 0.25 -1.12 2.89 -1.27 -3.07
2005 -1.22 -1.03 -0.43 -0.43 3.20 4.19 -0.28 2.04 -1.17 -4.04 6.49 -3.49 3.36
2004 0.15 3.82 -2.91 -6.38 -3.73 -0.60 -1.25 -1.03 1.42 3.74 5.99 1.63 0.17
2003 6.62 4.13 -3.68 -0.81 3.39 -5.62 -1.43 -1.93 0.21 5.42 1.30 2.91 10.19
2002 -2.28 0.10 -5.19 -0.41 2.78 5.05 0.45 1.75 3.00 -1.92 -2.09 4.94 5.79
2001 -0.45 2.19 8.72 -6.84 1.83 0.37 -2.29 2.16 5.34 4.31 -7.64 3.64 10.57
2000 0.87 1.59 0.43 -1.75 0.33 -1.36 0.45 5.24 -1.42 2.41 1.44 4.20 12.88
1999 -2.56 1.81 -2.03 6.15 -4.21 0.80 -3.21 -0.20 -0.43 -6.99 5.64 7.66 1.35
1998 3.23 -2.21 2.26 -7.45 5.25 -5.14 0.20 14.28 1.52 -2.35 -0.43 0.46 8.31
1997 1.52 0.64 -3.20 -4.85 2.36 2.54 10.22 -3.19 4.41 -2.48 0.59 2.91 11.09
1996 4.73 -7.66 -1.38 5.14 -2.59 0.01 -0.46 1.43 10.75 9.01 4.00 -3.45 19.56
1995 -1.10 5.22 9.73 3.86 8.78 -1.47 0.40 -0.44 -6.46 -0.33 4.54 6.85 32.32
1994 -4.77 -1.24 2.53 0.17 3.49 -1.55 -0.30 -0.89 1.47 -2.37 1.35 -1.87 -4.19
1993 -2.61 1.13 -1.09 2.81 4.37 -3.37 2.57 1.65 1.54 0.44 -1.58 1.63 7.43
1992 -0.23 -0.06 -1.11 0.38 0.45 3.53 5.75 6.07 0.39 1.19 -1.51 0.48 16.07
1991 -1.53 -1.60 9.02 1.19 3.04 10.14

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return -
3 Month Return -8.43%
Year to Date Return -4.97%
12 Month Return -1.89%
36 Month Return -8.03%
Total Return Annualized 6.12%
Winning Months (%) 53.98%
Average Winning Month 2.91%
Average Losing Month -2.21%
Total Return Cumulative 318.50%

Risk Statistics (12M)

1 Year
Sharpe Ratio-0.21
Sortino Ratio-0.31
Sterling-0.10
Calmar-0.20
Skewness-1.05
Kurtosis2.27
Maximum Drawdown-9.57%
Correlation vs S&P 5000.31
Annualized Volatility7.64%
Annualized Down. Deviation6.12%

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 -14.99% 6 10 03/2004 06/2005
2 -13.97% 35 0 05/2011 -
3 -13.62% 6 4 05/1999 02/2000
4 -12.42% 21 6 12/2005 02/2008
5 -11.59% 6 5 11/2001 09/2002

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-2.89%-1.56%-0.16%-0.01%-0.23%
% Positive0.00%16.67%41.67%50.00%44.44%
Avg. Pos. Period - 0.63%1.83%1.39%1.39%
Avg. Neg. Period-2.87%-1.97%-1.54%-1.39%-1.50%
Sharpe Ratio-4.98-2.66-0.210.01-0.40
Sortino Ratio-2.86-2.15-0.31-0.03-0.54
Monthly Volatility2.00%2.00%2.20%1.87%1.85%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 14.28%-10.23%0.55%0.28%-2.86%53.98%
3 Months 25.56%-12.49%1.71%0.96%-8.43%59.23%
6 Months 29.04%-14.99%3.39%2.83%-9.00%63.73%
1 Year 40.12%-10.86%6.75%5.48%-1.89%73.38%
2 Years 62.40%-11.55%13.36%10.52%-0.34%86.09%
3 Years 83.44%-13.56%21.15%18.59%-8.03%90.94%
5 Years 101.72%-0.20%39.26%31.09%0.15%99.57%

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.