Fenja Capital II

Fenja Capital

Strategy Description

Fenja Capital II aims to deliver attractive returns which are uncorrelated with the global equity market. The focus of the fund is to provide bespoke long-term financing solutions to listed companies. Such financing can be in the form of bridge loans, convertible loans and equity through either shares or warrants. The fund can participate in related special situations.

Fund Information

General Information

NHX CategoryDiversified
NHX CountryDenmark
Legal StructureAlternative Investment Fund
Fund DomicileDenmark
Minimum Investment1,000,000 DKK
AUM476M DKK
Inception DateSep 2018
Management Fee1.00%
Performance Fee20.00%
SFDR Classification -

Company Information

CompanyFenja Capital
Investor RelationsThøger Dam Johansen
AddressØstre Alle 102
Aalborg, 9000
Phone+45 28 55 34 74
E-mail[email protected]
Websitewww.fenjacapital.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.89 0.28 1.34 -0.77 -0.36 2.42 1.59 1.96 0.14 7.69
2023 -1.60 0.70 0.97 -0.81 0.83 0.60 0.48 1.09 0.35 0.80 1.92 2.61 8.17
2022 1.22 0.31 0.35 0.65 0.18 0.99 0.47 -1.02 0.41 -4.43 -0.18 0.95 -0.23
2021 0.12 2.89 0.17 2.56 4.17 -1.89 0.44 2.82 2.66 -2.10 -2.00 0.12 10.17
2020 2.82 0.09 -2.99 7.95 -1.11 9.80 2.68 3.20 1.65 -0.98 -0.53 1.72 26.29
2019 -1.57 -0.36 2.98 -3.28 2.83 5.07 -0.43 0.74 -0.66 0.18 -0.28 0.76 5.86
2018 -0.63 -0.13 3.04 -0.43 1.82

Portfolio Managers

Ramus Viggers, CIO and Partner, is responsible for investments at Formue Nord. He has been active on public markets and within Formue Nord’s market niche for more than 15 years. He is considered to be among the leading rights issue experts within the Nordics. Viggers holds a Master’s Degree in Finance and Accounting from Copenhagen Business School and he is a Chartered Financial Analyst (CFA) Charterholder.

Family of Funds

Company Programs
Formue Nord Markedsneutral

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 -5.82% 6 10 08/2022 11/2023
2 -4.05% 2 8 10/2021 07/2022
3 -3.28% 1 2 04/2019 06/2019
4 -2.99% 1 1 03/2020 04/2020
5 -2.35% 3 1 12/2018 03/2019

Drawdown

Up Capture vs. MSCI World

Down Capture vs. MSCI World

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.23%0.82%1.06%0.48%0.31%
% Positive100.00%66.67%83.33%75.00%75.00%
Avg. Pos. Period1.23%1.53%1.40%1.11%0.91%
Avg. Neg. Period - -0.57%-0.57%-1.36%-1.47%
Sharpe Ratio5.432.373.551.190.82
Sortino Ratio0.008.2115.011.681.11
Monthly Volatility0.79%1.21%1.04%1.43%1.33%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 9.80%-4.43%0.79%0.47%0.14%68.49%
3 Months 17.21%-5.02%2.43%1.89%3.73%81.69%
6 Months 26.26%-5.82%4.86%4.07%5.04%86.76%
1 Year 30.64%-3.45%10.20%10.30%13.53%79.03%
2 Years 46.73%-1.65%21.34%15.05%12.18%96.00%
3 Years 57.08%9.32%32.19%33.24%11.65%100.00%
5 Years 65.53%52.98%59.34%59.96%62.76%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

Fenja Capital II aims to deliver attractive returns which are uncorrelated with the global equity market. The focus of the fund is to provide bespoke long-term financing solutions to listed companies. Such financing can be in the form of bridge loans, convertible loans and equity through either shares or warrants. The fund can participate in related special situations.

Fund Information

General Information

NHX CategoryDiversified
NHX CountryDenmark
Legal StructureAlternative Investment Fund
Fund DomicileDenmark
Minimum Investment1,000,000 DKK
AUM476M DKK
Inception DateSep 2018
Management Fee1.00%
Performance Fee20.00%
SFDR Classification -

Company Information

CompanyFenja Capital
Investor RelationsThøger Dam Johansen
AddressØstre Alle 102
Aalborg, 9000
Phone+45 28 55 34 74
E-mail[email protected]
Websitewww.fenjacapital.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.89 0.28 1.34 -0.77 -0.36 2.42 1.59 1.96 0.14 7.69
2023 -1.60 0.70 0.97 -0.81 0.83 0.60 0.48 1.09 0.35 0.80 1.92 2.61 8.17
2022 1.22 0.31 0.35 0.65 0.18 0.99 0.47 -1.02 0.41 -4.43 -0.18 0.95 -0.23
2021 0.12 2.89 0.17 2.56 4.17 -1.89 0.44 2.82 2.66 -2.10 -2.00 0.12 10.17
2020 2.82 0.09 -2.99 7.95 -1.11 9.80 2.68 3.20 1.65 -0.98 -0.53 1.72 26.29
2019 -1.57 -0.36 2.98 -3.28 2.83 5.07 -0.43 0.74 -0.66 0.18 -0.28 0.76 5.86
2018 -0.63 -0.13 3.04 -0.43 1.82

Portfolio Managers

Ramus Viggers, CIO and Partner, is responsible for investments at Formue Nord. He has been active on public markets and within Formue Nord’s market niche for more than 15 years. He is considered to be among the leading rights issue experts within the Nordics. Viggers holds a Master’s Degree in Finance and Accounting from Copenhagen Business School and he is a Chartered Financial Analyst (CFA) Charterholder.

Family of Funds

Company Programs
Formue Nord Markedsneutral

Return Statistics

Last Month Return 0.14%
3 Month Return 3.73%
Year to Date Return 7.69%
12 Month Return 13.53%
36 Month Return 11.65%
Total Return Annualized 9.56%
Winning Months (%) 68.49%
Average Winning Month 1.72%
Average Losing Month -1.24%
Total Return Cumulative 74.28%

Risk Statistics (12M)

1 Year
Sharpe Ratio3.55
Sortino Ratio15.01
Sterling1.22
Calmar12.00
Skewness-0.27
Kurtosis-0.46
Maximum Drawdown-1.13%
Correlation vs S&P 5000.43
Annualized Volatility3.62%
Annualized Down. Deviation0.71%

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 -5.82% 6 10 08/2022 11/2023
2 -4.05% 2 8 10/2021 07/2022
3 -3.28% 1 2 04/2019 06/2019
4 -2.99% 1 1 03/2020 04/2020
5 -2.35% 3 1 12/2018 03/2019

Drawdown

Up Capture vs. MSCI World

Down Capture vs. MSCI World

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.23%0.82%1.06%0.48%0.31%
% Positive100.00%66.67%83.33%75.00%75.00%
Avg. Pos. Period1.23%1.53%1.40%1.11%0.91%
Avg. Neg. Period - -0.57%-0.57%-1.36%-1.47%
Sharpe Ratio5.432.373.551.190.82
Sortino Ratio0.008.2115.011.681.11
Monthly Volatility0.79%1.21%1.04%1.43%1.33%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 9.80%-4.43%0.79%0.47%0.14%68.49%
3 Months 17.21%-5.02%2.43%1.89%3.73%81.69%
6 Months 26.26%-5.82%4.86%4.07%5.04%86.76%
1 Year 30.64%-3.45%10.20%10.30%13.53%79.03%
2 Years 46.73%-1.65%21.34%15.05%12.18%96.00%
3 Years 57.08%9.32%32.19%33.24%11.65%100.00%
5 Years 65.53%52.98%59.34%59.96%62.76%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.

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Data and information is provided for informational purposes only. Past performance is not necessarily indicative of future results.

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