Lynx Asset Management AB

Lynx (Sweden)

Strategy Description

Lynx is a global hedge fund employing two main types of models: trend following models and diversifying models. Within these two categories the models are further divided into three sub-categories based on their investment horizon: short-term, medium-term and long-term models. The fund’s investment universe consists of stocks, bonds, currencies and commodities traded on futures markets across the globe. The trend following models account for most of Lynx’s risk exposure. The diversifying models make use of other signals than price momentum. The fund’s investment process is entirely systematic and based on proprietary-developed models. Lynx’s objective is to deliver high risk-adjusted returns with low correlation to traditional asset classes.

Fund Information

General Information

NHX CategoryManaged Futures & CTA
NHX CountrySweden
Legal StructureSwedish Special Fund
Fund DomicileSweden
Minimum Investment00 SEK
AUM1,768M SEK
Inception DateMay 2000
Management Fee1.00%
Performance Fee20.00%

Company Information

CompanyLynx Asset Management AB
PrincipalSvante Bergström
Investor RelationsMartin Källström
AddressNorrmalmstorg 14
Stockholm, SE-103 86
Phone+46 08–663 33 60
E-mail[email protected]
Websitewww.lynxhedge.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.42 1.42
2023 -3.19 1.25 -9.23 0.33 2.76 1.63 -3.71 0.27 7.81 -1.89 -5.90 1.71 -8.89
2022 2.12 4.40 10.61 8.46 1.06 5.08 -4.56 3.02 9.94 0.28 -8.61 0.99 35.89
2021 -0.34 4.21 -0.42 0.56 2.19 -2.81 1.37 -2.07 1.07 1.12 -2.54 -1.35 0.75
2020 0.19 -4.15 -3.31 2.32 -1.74 -0.62 7.45 0.00 -4.40 -1.85 4.72 8.16 5.95
2019 -0.81 2.13 7.59 6.72 -7.25 5.23 5.05 8.43 -4.72 -6.19 0.81 -0.94 15.42
2018 8.61 -14.14 -0.77 0.81 -0.08 3.16 -1.04 6.41 -1.86 -3.62 0.10 1.54 -2.65
2017 -1.94 4.63 -3.71 -3.32 -2.37 -6.94 2.37 5.07 -4.45 5.90 0.36 -0.02 -5.23
2016 2.16 3.49 -0.99 -0.08 -4.60 10.30 2.80 -5.21 -1.64 -6.30 -3.00 0.05 -4.07
2015 6.11 0.32 3.53 -6.16 -1.70 -6.06 4.11 -7.00 2.20 -1.65 3.00 -3.82 -7.93
2014 -5.29 4.14 -3.00 0.80 3.09 0.88 0.15 9.17 2.93 1.55 9.89 1.29 27.58
2013 3.60 -0.19 0.73 3.30 -1.69 -5.39 0.56 -2.78 0.60 4.71 5.32 3.30 12.13
2012 1.78 -0.57 -4.16 2.01 7.84 -6.05 6.97 -2.24 -3.36 -6.19 0.80 -1.00 -5.16
2011 -0.60 2.39 -5.76 6.56 -5.90 -4.10 6.83 0.95 5.41 -9.12 0.91 3.06 -0.90
2010 -3.35 3.94 1.97 0.71 1.76 1.89 -3.04 10.38 -1.04 3.78 -4.39 5.45 18.53
2009 -1.90 0.23 -2.40 -2.36 1.82 -4.06 1.31 0.51 2.14 -3.72 7.71 -7.34 -8.52
2008 6.19 6.02 1.57 -3.83 3.45 5.16 -7.20 2.01 2.71 14.90 3.86 2.48 42.26
2007 3.97 -4.69 -3.89 3.38 6.09 4.96 -1.97 -5.81 4.35 6.82 2.83 -2.43 13.21
2006 0.16 -0.13 3.44 3.24 1.92 -2.07 -4.60 3.97 -3.15 -1.04 2.71 1.19 5.34
2005 -4.18 1.61 -2.10 -1.20 5.60 3.58 -1.35 -1.60 1.53 1.96 4.48 -1.44 6.59
2004 1.19 4.69 -1.69 -2.05 0.83 -2.20 -3.35 2.12 -0.60 7.32 6.45 1.09 13.97
2003 2.99 3.99 -4.52 4.18 10.51 3.25 -5.32 0.41 6.45 4.29 1.14 3.69 34.54
2002 0.40 -7.30 2.70 1.60 5.65 10.75 5.27 1.48 3.35 -4.56 -2.85 4.73 21.82
2001 2.06 2.69 7.09 -4.66 -0.49 -2.68 0.77 8.02 6.81 0.25 -6.35 2.36 15.78
2000 3.35 -2.25 0.88 -4.29 -1.34 3.09 5.69 7.54 12.76

Portfolio Managers

Svante Bergström is a founding partner and the Chief Executive Officer of Lynx. Bergström, also a Director of the Board and a portfolio manager, founded Lynx in 1999 together with Jonas Bengtsson and Martin Sandquist and has been the company’s CEO since its inception. Prior to founding Lynx, Bergström worked at Nordea, where he was hired in 1993 as a quantitative analyst and bond trader. In 1996, he was tasked with establishing Nordea’s Proprietary Trading department, where the foundations of what would later become the Lynx Programme were developed. In his early career, Bergström worked for Hagströmer & Qviberg Fondkommission between 1984 and 1991, initially as a stock broker and later as head of the firm’s bond trading department. Bergström holds a BSc in Economics and Business Administration from the Stockholm School of Economics.

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 -30.46% 27 57 04/2015 03/2022
2 -17.89% 5 0 11/2022 -
3 -13.47% 13 12 08/2012 08/2014
4 -11.59% 13 7 01/2009 08/2010
5 -10.78% 4 4 11/2001 06/2002

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.99%0.49%-0.39%0.86%0.66%
% Positive66.67%66.67%66.67%70.83%66.67%
Avg. Pos. Period1.57%2.80%2.15%3.59%3.07%
Avg. Neg. Period-5.90%-3.89%-5.18%-5.30%-3.86%
Sharpe Ratio-0.910.48-0.240.670.60
Sortino Ratio-1.000.67-0.400.940.85
Monthly Volatility3.52%4.13%4.22%5.15%4.38%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 14.90%-14.14%0.83%0.91%1.42%60.00%
3 Months 25.25%-14.11%2.48%1.86%-2.93%60.07%
6 Months 35.82%-17.66%5.09%3.62%2.95%66.79%
1 Year 46.96%-24.68%10.23%9.34%-4.55%73.72%
2 Years 86.56%-23.55%21.68%20.21%22.96%84.73%
3 Years 105.67%-29.72%32.53%31.71%26.95%87.60%
5 Years 157.29%-20.76%54.15%53.25%55.97%94.25%

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

Lynx is a global hedge fund employing two main types of models: trend following models and diversifying models. Within these two categories the models are further divided into three sub-categories based on their investment horizon: short-term, medium-term and long-term models. The fund’s investment universe consists of stocks, bonds, currencies and commodities traded on futures markets across the globe. The trend following models account for most of Lynx’s risk exposure. The diversifying models make use of other signals than price momentum. The fund’s investment process is entirely systematic and based on proprietary-developed models. Lynx’s objective is to deliver high risk-adjusted returns with low correlation to traditional asset classes.

Fund Information

General Information

NHX CategoryManaged Futures & CTA
NHX CountrySweden
Legal StructureSwedish Special Fund
Fund DomicileSweden
Minimum Investment00 SEK
AUM1,768M SEK
Inception DateMay 2000
Management Fee1.00%
Performance Fee20.00%

Company Information

CompanyLynx Asset Management AB
PrincipalSvante Bergström
Investor RelationsMartin Källström
AddressNorrmalmstorg 14
Stockholm, SE-103 86
Phone+46 08–663 33 60
E-mail[email protected]
Websitewww.lynxhedge.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.42 1.42
2023 -3.19 1.25 -9.23 0.33 2.76 1.63 -3.71 0.27 7.81 -1.89 -5.90 1.71 -8.89
2022 2.12 4.40 10.61 8.46 1.06 5.08 -4.56 3.02 9.94 0.28 -8.61 0.99 35.89
2021 -0.34 4.21 -0.42 0.56 2.19 -2.81 1.37 -2.07 1.07 1.12 -2.54 -1.35 0.75
2020 0.19 -4.15 -3.31 2.32 -1.74 -0.62 7.45 0.00 -4.40 -1.85 4.72 8.16 5.95
2019 -0.81 2.13 7.59 6.72 -7.25 5.23 5.05 8.43 -4.72 -6.19 0.81 -0.94 15.42
2018 8.61 -14.14 -0.77 0.81 -0.08 3.16 -1.04 6.41 -1.86 -3.62 0.10 1.54 -2.65
2017 -1.94 4.63 -3.71 -3.32 -2.37 -6.94 2.37 5.07 -4.45 5.90 0.36 -0.02 -5.23
2016 2.16 3.49 -0.99 -0.08 -4.60 10.30 2.80 -5.21 -1.64 -6.30 -3.00 0.05 -4.07
2015 6.11 0.32 3.53 -6.16 -1.70 -6.06 4.11 -7.00 2.20 -1.65 3.00 -3.82 -7.93
2014 -5.29 4.14 -3.00 0.80 3.09 0.88 0.15 9.17 2.93 1.55 9.89 1.29 27.58
2013 3.60 -0.19 0.73 3.30 -1.69 -5.39 0.56 -2.78 0.60 4.71 5.32 3.30 12.13
2012 1.78 -0.57 -4.16 2.01 7.84 -6.05 6.97 -2.24 -3.36 -6.19 0.80 -1.00 -5.16
2011 -0.60 2.39 -5.76 6.56 -5.90 -4.10 6.83 0.95 5.41 -9.12 0.91 3.06 -0.90
2010 -3.35 3.94 1.97 0.71 1.76 1.89 -3.04 10.38 -1.04 3.78 -4.39 5.45 18.53
2009 -1.90 0.23 -2.40 -2.36 1.82 -4.06 1.31 0.51 2.14 -3.72 7.71 -7.34 -8.52
2008 6.19 6.02 1.57 -3.83 3.45 5.16 -7.20 2.01 2.71 14.90 3.86 2.48 42.26
2007 3.97 -4.69 -3.89 3.38 6.09 4.96 -1.97 -5.81 4.35 6.82 2.83 -2.43 13.21
2006 0.16 -0.13 3.44 3.24 1.92 -2.07 -4.60 3.97 -3.15 -1.04 2.71 1.19 5.34
2005 -4.18 1.61 -2.10 -1.20 5.60 3.58 -1.35 -1.60 1.53 1.96 4.48 -1.44 6.59
2004 1.19 4.69 -1.69 -2.05 0.83 -2.20 -3.35 2.12 -0.60 7.32 6.45 1.09 13.97
2003 2.99 3.99 -4.52 4.18 10.51 3.25 -5.32 0.41 6.45 4.29 1.14 3.69 34.54
2002 0.40 -7.30 2.70 1.60 5.65 10.75 5.27 1.48 3.35 -4.56 -2.85 4.73 21.82
2001 2.06 2.69 7.09 -4.66 -0.49 -2.68 0.77 8.02 6.81 0.25 -6.35 2.36 15.78
2000 3.35 -2.25 0.88 -4.29 -1.34 3.09 5.69 7.54 12.76

Portfolio Managers

Svante Bergström is a founding partner and the Chief Executive Officer of Lynx. Bergström, also a Director of the Board and a portfolio manager, founded Lynx in 1999 together with Jonas Bengtsson and Martin Sandquist and has been the company’s CEO since its inception. Prior to founding Lynx, Bergström worked at Nordea, where he was hired in 1993 as a quantitative analyst and bond trader. In 1996, he was tasked with establishing Nordea’s Proprietary Trading department, where the foundations of what would later become the Lynx Programme were developed. In his early career, Bergström worked for Hagströmer & Qviberg Fondkommission between 1984 and 1991, initially as a stock broker and later as head of the firm’s bond trading department. Bergström holds a BSc in Economics and Business Administration from the Stockholm School of Economics.

Return Statistics

Last Month Return 1.42%
3 Month Return -2.93%
Year to Date Return 1.42%
12 Month Return -4.55%
36 Month Return 26.95%
Total Return Annualized 9.21%
Winning Months (%) 60.00%
Average Winning Month 3.64%
Average Losing Month -3.41%
Total Return Cumulative 710.43%

Risk Statistics (12M)

1 Year
Sharpe Ratio-0.24
Sortino Ratio-0.40
Sterling-0.24
Calmar-0.49
Skewness-0.50
Kurtosis1.87
Maximum Drawdown-9.23%
Correlation vs S&P 500-0.55
Annualized Volatility14.63%
Annualized Down. Deviation9.48%

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 -30.46% 27 57 04/2015 03/2022
2 -17.89% 5 0 11/2022 -
3 -13.47% 13 12 08/2012 08/2014
4 -11.59% 13 7 01/2009 08/2010
5 -10.78% 4 4 11/2001 06/2002

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return-0.99%0.49%-0.39%0.86%0.66%
% Positive66.67%66.67%66.67%70.83%66.67%
Avg. Pos. Period1.57%2.80%2.15%3.59%3.07%
Avg. Neg. Period-5.90%-3.89%-5.18%-5.30%-3.86%
Sharpe Ratio-0.910.48-0.240.670.60
Sortino Ratio-1.000.67-0.400.940.85
Monthly Volatility3.52%4.13%4.22%5.15%4.38%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 14.90%-14.14%0.83%0.91%1.42%60.00%
3 Months 25.25%-14.11%2.48%1.86%-2.93%60.07%
6 Months 35.82%-17.66%5.09%3.62%2.95%66.79%
1 Year 46.96%-24.68%10.23%9.34%-4.55%73.72%
2 Years 86.56%-23.55%21.68%20.21%22.96%84.73%
3 Years 105.67%-29.72%32.53%31.71%26.95%87.60%
5 Years 157.29%-20.76%54.15%53.25%55.97%94.25%

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.