Pareto Asset Management AS

Pareto Total

Strategy Description

Pareto Total is an alternative fund investing in solid international companies and selective fixed income opportunities, with access to gearing and short sales. The fund employs a long/short investment strategy when investing in equities to reduce exposure to developments in the broader equity market and increase risk-adjusted returns. The investment team manages the fund with a long-term view and has the flexibility and opportunity to invest in companies across countries and sectors. Investments in interest-bearing securities predominantly include corporate bonds, but also subordinated loans and covered bonds. The fund may also invest in derivatives for investment and risk management purposes.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureQIAIF
Fund DomicileIreland
Minimum Investment10,000,000 NOK
AUM8,894M NOK
Inception DateJan 2016
Management Fee1.00%
Performance Fee15.00%

Company Information

CompanyPareto Asset Management AS
Principal -
AddressDronning Mauds gt. 3
Oslo, 1396
Phone+47 21 50 74 91
E-mail[email protected]
Websitewww.paretoam.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 3.83 4.68 4.90 -1.17 -2.18 10.22
2023 10.16 1.80 4.21 4.48 1.22 2.42 -0.18 1.15 -3.30 0.73 6.00 -0.44 31.38
2022 -3.92 -5.60 -0.29 -1.96 0.38 -6.18 7.35 -2.39 -2.93 4.59 4.75 -4.50 -11.15
2021 -0.96 5.28 4.09 0.45 2.81 3.42 4.01 1.23 -5.45 2.22 2.84 1.56 23.20
2020 0.86 -5.98 -3.50 8.94 1.46 2.43 -1.33 3.21 2.92 -0.03 5.77 3.32 18.63
2019 4.82 5.38 0.24 3.99 -5.80 5.01 1.65 -0.90 3.69 3.16 2.49 -1.82 23.50
2018 -0.74 -4.21 -3.66 2.32 0.91 -2.07 4.36 2.68 -3.08 -3.12 5.82 -6.19 -7.49
2017 -1.78 4.11 5.26 2.72 0.78 -0.28 -4.14 -0.96 5.63 2.53 3.26 0.52 18.59
2016 -7.41 1.39 3.17 -1.98 4.07 -4.27 5.35 1.92 -3.96 0.59 4.28 4.84 7.26

Portfolio Managers

Bård Johannessen and Oddmund N. Enæs

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 -16.51% 6 9 01/2022 03/2023
2 -10.16% 4 3 12/2019 06/2020
3 -8.40% 3 11 01/2018 02/2019
4 -7.41% 1 7 01/2016 08/2016
5 -5.80% 1 2 05/2019 07/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.47%1.56%1.33%1.55%0.97%
% Positive33.33%50.00%58.33%62.50%61.11%
Avg. Pos. Period4.90%4.47%3.39%4.15%3.54%
Avg. Neg. Period-1.68%-1.26%-1.45%-2.59%-2.89%
Sharpe Ratio0.571.901.651.420.94
Sortino Ratio1.135.263.842.771.54
Monthly Volatility3.13%2.93%2.87%3.95%3.82%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.16%-7.41%1.07%1.46%-2.18%63.37%
3 Months 16.86%-9.57%3.46%3.80%1.41%71.72%
6 Months 26.58%-16.51%6.96%6.66%9.74%80.21%
1 Year 40.70%-11.69%14.28%14.54%17.17%85.56%
2 Years 55.84%6.79%26.55%21.97%44.57%100.00%
3 Years 80.50%15.18%44.55%43.12%41.42%100.00%
5 Years 116.96%48.36%87.44%93.49%114.11%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

Pareto Total is an alternative fund investing in solid international companies and selective fixed income opportunities, with access to gearing and short sales. The fund employs a long/short investment strategy when investing in equities to reduce exposure to developments in the broader equity market and increase risk-adjusted returns. The investment team manages the fund with a long-term view and has the flexibility and opportunity to invest in companies across countries and sectors. Investments in interest-bearing securities predominantly include corporate bonds, but also subordinated loans and covered bonds. The fund may also invest in derivatives for investment and risk management purposes.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureQIAIF
Fund DomicileIreland
Minimum Investment10,000,000 NOK
AUM8,894M NOK
Inception DateJan 2016
Management Fee1.00%
Performance Fee15.00%

Company Information

CompanyPareto Asset Management AS
Principal -
AddressDronning Mauds gt. 3
Oslo, 1396
Phone+47 21 50 74 91
E-mail[email protected]
Websitewww.paretoam.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 3.83 4.68 4.90 -1.17 -2.18 10.22
2023 10.16 1.80 4.21 4.48 1.22 2.42 -0.18 1.15 -3.30 0.73 6.00 -0.44 31.38
2022 -3.92 -5.60 -0.29 -1.96 0.38 -6.18 7.35 -2.39 -2.93 4.59 4.75 -4.50 -11.15
2021 -0.96 5.28 4.09 0.45 2.81 3.42 4.01 1.23 -5.45 2.22 2.84 1.56 23.20
2020 0.86 -5.98 -3.50 8.94 1.46 2.43 -1.33 3.21 2.92 -0.03 5.77 3.32 18.63
2019 4.82 5.38 0.24 3.99 -5.80 5.01 1.65 -0.90 3.69 3.16 2.49 -1.82 23.50
2018 -0.74 -4.21 -3.66 2.32 0.91 -2.07 4.36 2.68 -3.08 -3.12 5.82 -6.19 -7.49
2017 -1.78 4.11 5.26 2.72 0.78 -0.28 -4.14 -0.96 5.63 2.53 3.26 0.52 18.59
2016 -7.41 1.39 3.17 -1.98 4.07 -4.27 5.35 1.92 -3.96 0.59 4.28 4.84 7.26

Portfolio Managers

Bård Johannessen and Oddmund N. Enæs

Return Statistics

Last Month Return -2.18%
3 Month Return 1.41%
Year to Date Return 10.22%
12 Month Return 17.17%
36 Month Return 41.42%
Total Return Annualized 12.69%
Winning Months (%) 63.37%
Average Winning Month 3.38%
Average Losing Month -2.94%
Total Return Cumulative 173.26%

Risk Statistics (12M)

1 Year
Sharpe Ratio1.65
Sortino Ratio3.84
Sterling1.29
Calmar5.16
Skewness0.10
Kurtosis-0.64
Maximum Drawdown-3.33%
Correlation vs S&P 5000.62
Annualized Volatility9.95%
Annualized Down. Deviation4.00%

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 -16.51% 6 9 01/2022 03/2023
2 -10.16% 4 3 12/2019 06/2020
3 -8.40% 3 11 01/2018 02/2019
4 -7.41% 1 7 01/2016 08/2016
5 -5.80% 1 2 05/2019 07/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.47%1.56%1.33%1.55%0.97%
% Positive33.33%50.00%58.33%62.50%61.11%
Avg. Pos. Period4.90%4.47%3.39%4.15%3.54%
Avg. Neg. Period-1.68%-1.26%-1.45%-2.59%-2.89%
Sharpe Ratio0.571.901.651.420.94
Sortino Ratio1.135.263.842.771.54
Monthly Volatility3.13%2.93%2.87%3.95%3.82%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.16%-7.41%1.07%1.46%-2.18%63.37%
3 Months 16.86%-9.57%3.46%3.80%1.41%71.72%
6 Months 26.58%-16.51%6.96%6.66%9.74%80.21%
1 Year 40.70%-11.69%14.28%14.54%17.17%85.56%
2 Years 55.84%6.79%26.55%21.97%44.57%100.00%
3 Years 80.50%15.18%44.55%43.12%41.42%100.00%
5 Years 116.96%48.36%87.44%93.49%114.11%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.