Sissener AS

Sissener Canopus

Strategy Description

Sissener Canopus aims to achieve a sound absolute return by combining a long/short strategy with derivatives and other relating strategies to maximize the return. The fund predominantly invests in listed stocks either directly or through financial derivative instruments such as contracts for differences and unfunded total return swaps. Sissener Canopus follows an active investment strategy with an emphasis on fundamental analysis at company and macro level, seeking to invest in large companies with a healthy liquidity, solid balance sheets, predictable cash flows and good corporate governance. The fund’s primary competence is the Norwegian and Nordic markets. The fund may also invest in fixed-income securities, convertible bonds and any other eligible transferable securities issued in Nordic countries, but also in the European and U.S. markets.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureSICAV
Fund DomicileLuxembourg
Minimum Investment100 NOK
AUM3,235M NOK
Inception DateMay 2012
Management Fee1.75%
Performance Fee20.00%

Company Information

CompanySissener AS
PrincipalJan Petter Sissener
Investor RelationsLudvig Uddeholt
AddressFilipstad Brygge 2
Oslo, 0252
Phone+47 23 11 52 60
E-mail[email protected]
Websitewww.sissener.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 0.29 1.63 -6.14 0.33 -2.87 1.31 3.36 0.50 4.14 1.50 0.53 4.25
2022 0.96 -1.25 0.97 0.71 3.94 -7.63 1.84 4.95 -6.84 6.61 2.39 2.29 8.21
2021 -1.04 6.53 0.96 1.23 1.61 -2.16 0.95 0.56 2.68 -1.55 -2.58 0.23 7.33
2020 -5.39 -6.06 -6.92 3.58 2.20 3.20 0.62 1.91 2.58 -3.00 17.27 7.25 15.98
2019 5.03 3.14 0.75 3.41 -2.54 1.07 -0.19 -6.01 3.55 -1.33 2.18 3.74 12.95
2018 1.31 -0.97 -1.40 4.26 2.74 -1.12 1.59 0.55 1.41 -5.52 -0.69 -7.26 -5.56
2017 3.07 1.76 -0.38 -0.39 -0.12 -1.67 4.59 -0.65 3.14 0.74 0.92 2.90 14.60
2016 -9.66 -1.88 3.92 1.95 3.23 2.40 3.45 2.52 2.01 1.82 0.85 3.52 14.17
2015 0.72 2.47 0.81 0.21 1.83 2.28 4.61 -4.79 -1.04 5.05 1.45 -2.37 11.36
2014 -1.80 1.92 -1.67 0.76 4.02 2.20 0.12 0.86 0.87 1.60 1.96 2.05 13.51
2013 3.44 -0.67 1.08 2.20 3.33 0.43 4.86 1.35 2.77 4.20 4.40 1.84 33.28
2012 -5.17 4.57 3.32 1.27 0.33 -0.84 0.21 3.44 7.00

Portfolio Managers

Jan Petter Sissener is managing director, portfolio manager and principal owner of Sissener AS. He founded the company in 2009. Sissener has extensive experience from the financial industry and has, among other things, held managerial positions in Alfred Berg/ABN Amro Bank, Orkla Finans, SEB Enskilda and Carnegie London/Carnegie Norge. With 40 years of experience from the securities market, he has a very strong understanding of the market’s dynamics and challenges. He is also one of the largest investors in Sissener Canopus.

Philippe Sissener is part of the portfolio management team at Sissener AS has experience from the financial market since 2010, including from Arctic Asset Management and SEB. He is responsible for managing Sissener Corporate Bond Fund.

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 -18.69% 18 8 10/2018 11/2020
2 -13.46% 3 5 12/2015 07/2016
3 -8.53% 3 4 03/2023 09/2023
4 -8.03% 4 2 06/2022 11/2022
5 -5.78% 2 2 08/2015 11/2015

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.05%1.88%0.54%0.51%0.73%
% Positive100.00%100.00%83.33%79.17%75.00%
Avg. Pos. Period2.06%1.89%1.59%2.03%2.23%
Avg. Neg. Period - - -4.51%-4.95%-3.56%
Sharpe Ratio4.674.730.750.580.82
Sortino Ratio0.000.000.950.711.17
Monthly Volatility1.53%1.38%2.63%3.42%3.29%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 17.27%-9.66%0.97%1.31%0.53%72.66%
3 Months 24.46%-17.27%3.00%3.59%6.26%74.45%
6 Months 35.51%-13.48%5.94%6.52%11.83%74.63%
1 Year 49.21%-14.38%12.35%13.05%6.64%82.81%
2 Years 55.12%-11.84%24.97%26.31%13.08%90.52%
3 Years 81.24%-3.20%38.54%40.69%29.87%99.04%
5 Years 125.62%23.59%65.63%56.66%47.11%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

Sissener Canopus aims to achieve a sound absolute return by combining a long/short strategy with derivatives and other relating strategies to maximize the return. The fund predominantly invests in listed stocks either directly or through financial derivative instruments such as contracts for differences and unfunded total return swaps. Sissener Canopus follows an active investment strategy with an emphasis on fundamental analysis at company and macro level, seeking to invest in large companies with a healthy liquidity, solid balance sheets, predictable cash flows and good corporate governance. The fund’s primary competence is the Norwegian and Nordic markets. The fund may also invest in fixed-income securities, convertible bonds and any other eligible transferable securities issued in Nordic countries, but also in the European and U.S. markets.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureSICAV
Fund DomicileLuxembourg
Minimum Investment100 NOK
AUM3,235M NOK
Inception DateMay 2012
Management Fee1.75%
Performance Fee20.00%

Company Information

CompanySissener AS
PrincipalJan Petter Sissener
Investor RelationsLudvig Uddeholt
AddressFilipstad Brygge 2
Oslo, 0252
Phone+47 23 11 52 60
E-mail[email protected]
Websitewww.sissener.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 0.29 1.63 -6.14 0.33 -2.87 1.31 3.36 0.50 4.14 1.50 0.53 4.25
2022 0.96 -1.25 0.97 0.71 3.94 -7.63 1.84 4.95 -6.84 6.61 2.39 2.29 8.21
2021 -1.04 6.53 0.96 1.23 1.61 -2.16 0.95 0.56 2.68 -1.55 -2.58 0.23 7.33
2020 -5.39 -6.06 -6.92 3.58 2.20 3.20 0.62 1.91 2.58 -3.00 17.27 7.25 15.98
2019 5.03 3.14 0.75 3.41 -2.54 1.07 -0.19 -6.01 3.55 -1.33 2.18 3.74 12.95
2018 1.31 -0.97 -1.40 4.26 2.74 -1.12 1.59 0.55 1.41 -5.52 -0.69 -7.26 -5.56
2017 3.07 1.76 -0.38 -0.39 -0.12 -1.67 4.59 -0.65 3.14 0.74 0.92 2.90 14.60
2016 -9.66 -1.88 3.92 1.95 3.23 2.40 3.45 2.52 2.01 1.82 0.85 3.52 14.17
2015 0.72 2.47 0.81 0.21 1.83 2.28 4.61 -4.79 -1.04 5.05 1.45 -2.37 11.36
2014 -1.80 1.92 -1.67 0.76 4.02 2.20 0.12 0.86 0.87 1.60 1.96 2.05 13.51
2013 3.44 -0.67 1.08 2.20 3.33 0.43 4.86 1.35 2.77 4.20 4.40 1.84 33.28
2012 -5.17 4.57 3.32 1.27 0.33 -0.84 0.21 3.44 7.00

Portfolio Managers

Jan Petter Sissener is managing director, portfolio manager and principal owner of Sissener AS. He founded the company in 2009. Sissener has extensive experience from the financial industry and has, among other things, held managerial positions in Alfred Berg/ABN Amro Bank, Orkla Finans, SEB Enskilda and Carnegie London/Carnegie Norge. With 40 years of experience from the securities market, he has a very strong understanding of the market’s dynamics and challenges. He is also one of the largest investors in Sissener Canopus.

Philippe Sissener is part of the portfolio management team at Sissener AS has experience from the financial market since 2010, including from Arctic Asset Management and SEB. He is responsible for managing Sissener Corporate Bond Fund.

Return Statistics

Last Month Return 0.53%
3 Month Return 6.26%
Year to Date Return 4.25%
12 Month Return 6.64%
36 Month Return 29.87%
Total Return Annualized 11.51%
Winning Months (%) 72.66%
Average Winning Month 2.46%
Average Losing Month -2.99%
Total Return Cumulative 253.37%

Risk Statistics (12M)

1 Year
Sharpe Ratio0.75
Sortino Ratio0.95
Sterling0.36
Calmar0.78
Skewness-1.61
Kurtosis3.88
Maximum Drawdown-8.53%
Correlation vs S&P 500-0.32
Annualized Volatility9.11%
Annualized Down. Deviation5.66%

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 -18.69% 18 8 10/2018 11/2020
2 -13.46% 3 5 12/2015 07/2016
3 -8.53% 3 4 03/2023 09/2023
4 -8.03% 4 2 06/2022 11/2022
5 -5.78% 2 2 08/2015 11/2015

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.05%1.88%0.54%0.51%0.73%
% Positive100.00%100.00%83.33%79.17%75.00%
Avg. Pos. Period2.06%1.89%1.59%2.03%2.23%
Avg. Neg. Period - - -4.51%-4.95%-3.56%
Sharpe Ratio4.674.730.750.580.82
Sortino Ratio0.000.000.950.711.17
Monthly Volatility1.53%1.38%2.63%3.42%3.29%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 17.27%-9.66%0.97%1.31%0.53%72.66%
3 Months 24.46%-17.27%3.00%3.59%6.26%74.45%
6 Months 35.51%-13.48%5.94%6.52%11.83%74.63%
1 Year 49.21%-14.38%12.35%13.05%6.64%82.81%
2 Years 55.12%-11.84%24.97%26.31%13.08%90.52%
3 Years 81.24%-3.20%38.54%40.69%29.87%99.04%
5 Years 125.62%23.59%65.63%56.66%47.11%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.