KLP Kapitalforvaltning AS

KLP Alfa Global Rente

Strategy Description

KLP Alfa Global Rente is market-neutral hedge fund with very low credit risk. The fund employs strategies in interest rates and currencies, mainly in the Nordic countries and G8. Although the fund can take advantage of short term market movements in strategies, it will over time have a broad mix of relative value, long and short exposures that in aggregate will have a low correlation with equity and bond markets. The fund targets a volatility similar to that of equity indices, but risk will be lower if there are few profitable opportunities. Strategies are based on a combination of quantitative analysis and qualitative judgement – drawing on the portfolio managers highly quantitative skills and long market experience.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryNorway
Legal StructureAlternative Investment Fund
Fund DomicileNorway
Minimum Investment5,000,000 NOK
AUM1,513M NOK
Inception DateJan 2008
Management Fee0.80%
Performance Fee10.00%

Company Information

CompanyKLP Kapitalforvaltning AS
PrincipalEyvind A. Holt
AddressDronning Eufemias gate 10
Oslo, 0191
Phone+47 975 904 39
E-mail[email protected]
Websitewww.klp.no/virksomhet/fond/spesialfond
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.25 0.32 0.77 1.35
2023 0.36 1.39 -2.83 -0.56 1.24 1.58 1.84 -0.54 1.15 -1.11 0.15 0.11 2.73
2022 0.47 1.05 0.71 0.16 0.83 -2.98 0.65 0.55 1.26 -0.44 0.05 -0.08 2.18
2021 0.38 1.17 1.58 0.00 -0.43 0.14 -0.57 -0.03 0.32 -0.05 -0.37 -0.86 1.26
2020 -0.07 0.59 0.57 0.47 0.30 0.64 0.08 -0.01 -0.21 -0.47 0.43 -0.20 2.13
2019 0.94 0.08 0.46 -0.03 0.47 0.12 -0.06 -0.97 0.99 -1.54 0.67 1.08 2.20
2018 1.85 0.84 -0.59 -0.58 0.83 -0.60 0.78 -0.49 2.56 -0.47 -1.41 -1.37 1.27
2017 1.00 0.00 1.50 -0.20 0.60 0.98 1.72 0.01 0.64 -0.80 0.17 1.38 7.19
2016 -1.80 -1.10 2.20 1.80 0.40 0.80 -0.10 1.30 1.00 -0.10 0.40 0.40 5.25
2015 1.10 0.70 0.50 1.50 0.90 -0.60 -0.10 -0.70 -1.50 -0.60 -0.20 0.60 1.57
2014 0.60 -0.20 -0.40 0.30 0.10 0.70 0.50 0.20 -0.90 2.60 0.10 0.60 4.24
2013 -0.40 -0.50 0.10 0.90 -0.50 -0.50 0.20 0.60 1.10 0.60 -0.80 0.60 1.39
2012 0.50 0.90 0.20 0.50 1.40 1.10 -0.30 0.00 -0.10 0.60 0.30 -0.10 5.10
2011 0.60 -1.60 0.30 0.20 2.60 0.30 1.00 4.00 2.10 0.60 -0.60 2.10 12.10
2010 1.20 -0.80 -0.40 0.60 -0.90 1.80 0.50 1.40 -0.10 -4.20 5.10 0.10 4.12
2009 2.20 0.10 0.30 -0.50 0.40 -1.20 0.40 -0.60 0.10 0.70 0.40 0.00 2.29
2008 7.60 -0.50 1.70 1.90 -0.40 4.80 -2.10 2.40 2.50 4.10 1.70 1.20 27.50

Portfolio Managers

Arne Løftingsmo

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 -5.86% 9 6 06/2015 08/2016
2 -4.30% 2 1 09/2010 11/2010
3 -3.37% 2 3 03/2023 07/2023
4 -3.22% 3 16 10/2018 04/2020
5 -2.98% 1 8 06/2022 02/2023

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.45%0.08%0.43%0.17%0.12%
% Positive100.00%83.33%75.00%70.83%61.11%
Avg. Pos. Period0.45%0.32%0.82%0.75%0.70%
Avg. Neg. Period - -1.11%-0.73%-1.22%-0.83%
Sharpe Ratio6.800.501.730.510.43
Sortino Ratio0.000.623.830.650.56
Monthly Volatility0.23%0.57%0.87%1.17%1.00%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 7.60%-4.20%0.41%0.32%0.77%64.62%
3 Months 9.26%-3.22%1.18%1.00%1.35%68.39%
6 Months 15.81%-4.53%2.31%1.80%0.49%78.42%
1 Year 27.50%-3.11%4.44%3.07%5.30%88.59%
2 Years 30.41%-1.38%8.43%6.55%4.05%98.84%
3 Years 35.79%2.31%12.96%11.87%4.43%100.00%
5 Years 59.98%5.93%22.04%21.28%10.80%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

KLP Alfa Global Rente is market-neutral hedge fund with very low credit risk. The fund employs strategies in interest rates and currencies, mainly in the Nordic countries and G8. Although the fund can take advantage of short term market movements in strategies, it will over time have a broad mix of relative value, long and short exposures that in aggregate will have a low correlation with equity and bond markets. The fund targets a volatility similar to that of equity indices, but risk will be lower if there are few profitable opportunities. Strategies are based on a combination of quantitative analysis and qualitative judgement – drawing on the portfolio managers highly quantitative skills and long market experience.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryNorway
Legal StructureAlternative Investment Fund
Fund DomicileNorway
Minimum Investment5,000,000 NOK
AUM1,513M NOK
Inception DateJan 2008
Management Fee0.80%
Performance Fee10.00%

Company Information

CompanyKLP Kapitalforvaltning AS
PrincipalEyvind A. Holt
AddressDronning Eufemias gate 10
Oslo, 0191
Phone+47 975 904 39
E-mail[email protected]
Websitewww.klp.no/virksomhet/fond/spesialfond
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.25 0.32 0.77 1.35
2023 0.36 1.39 -2.83 -0.56 1.24 1.58 1.84 -0.54 1.15 -1.11 0.15 0.11 2.73
2022 0.47 1.05 0.71 0.16 0.83 -2.98 0.65 0.55 1.26 -0.44 0.05 -0.08 2.18
2021 0.38 1.17 1.58 0.00 -0.43 0.14 -0.57 -0.03 0.32 -0.05 -0.37 -0.86 1.26
2020 -0.07 0.59 0.57 0.47 0.30 0.64 0.08 -0.01 -0.21 -0.47 0.43 -0.20 2.13
2019 0.94 0.08 0.46 -0.03 0.47 0.12 -0.06 -0.97 0.99 -1.54 0.67 1.08 2.20
2018 1.85 0.84 -0.59 -0.58 0.83 -0.60 0.78 -0.49 2.56 -0.47 -1.41 -1.37 1.27
2017 1.00 0.00 1.50 -0.20 0.60 0.98 1.72 0.01 0.64 -0.80 0.17 1.38 7.19
2016 -1.80 -1.10 2.20 1.80 0.40 0.80 -0.10 1.30 1.00 -0.10 0.40 0.40 5.25
2015 1.10 0.70 0.50 1.50 0.90 -0.60 -0.10 -0.70 -1.50 -0.60 -0.20 0.60 1.57
2014 0.60 -0.20 -0.40 0.30 0.10 0.70 0.50 0.20 -0.90 2.60 0.10 0.60 4.24
2013 -0.40 -0.50 0.10 0.90 -0.50 -0.50 0.20 0.60 1.10 0.60 -0.80 0.60 1.39
2012 0.50 0.90 0.20 0.50 1.40 1.10 -0.30 0.00 -0.10 0.60 0.30 -0.10 5.10
2011 0.60 -1.60 0.30 0.20 2.60 0.30 1.00 4.00 2.10 0.60 -0.60 2.10 12.10
2010 1.20 -0.80 -0.40 0.60 -0.90 1.80 0.50 1.40 -0.10 -4.20 5.10 0.10 4.12
2009 2.20 0.10 0.30 -0.50 0.40 -1.20 0.40 -0.60 0.10 0.70 0.40 0.00 2.29
2008 7.60 -0.50 1.70 1.90 -0.40 4.80 -2.10 2.40 2.50 4.10 1.70 1.20 27.50

Portfolio Managers

Arne Løftingsmo

Return Statistics

Last Month Return 0.77%
3 Month Return 1.35%
Year to Date Return 1.35%
12 Month Return 5.30%
36 Month Return 4.43%
Total Return Annualized 4.99%
Winning Months (%) 64.62%
Average Winning Month 1.01%
Average Losing Month -0.71%
Total Return Cumulative 120.64%

Risk Statistics (12M)

1 Year
Sharpe Ratio1.73
Sortino Ratio3.83
Sterling0.48
Calmar4.78
Skewness-0.07
Kurtosis-0.24
Maximum Drawdown-1.11%
Correlation vs S&P 5000.21
Annualized Volatility3.02%
Annualized Down. Deviation0.91%

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 -5.86% 9 6 06/2015 08/2016
2 -4.30% 2 1 09/2010 11/2010
3 -3.37% 2 3 03/2023 07/2023
4 -3.22% 3 16 10/2018 04/2020
5 -2.98% 1 8 06/2022 02/2023

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.45%0.08%0.43%0.17%0.12%
% Positive100.00%83.33%75.00%70.83%61.11%
Avg. Pos. Period0.45%0.32%0.82%0.75%0.70%
Avg. Neg. Period - -1.11%-0.73%-1.22%-0.83%
Sharpe Ratio6.800.501.730.510.43
Sortino Ratio0.000.623.830.650.56
Monthly Volatility0.23%0.57%0.87%1.17%1.00%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 7.60%-4.20%0.41%0.32%0.77%64.62%
3 Months 9.26%-3.22%1.18%1.00%1.35%68.39%
6 Months 15.81%-4.53%2.31%1.80%0.49%78.42%
1 Year 27.50%-3.11%4.44%3.07%5.30%88.59%
2 Years 30.41%-1.38%8.43%6.55%4.05%98.84%
3 Years 35.79%2.31%12.96%11.87%4.43%100.00%
5 Years 59.98%5.93%22.04%21.28%10.80%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.