OP Fund Management Company Ltd

R2 Crystal Fund

Strategy Description

R2 Crystal is a fund of hedge funds seeking to achieve a high yield in the long term relative to the risks taken by the fund. The fund aims to achieve an efficient risk-return ratio and mainly invests its assets in hedge funds with a moderate risk, moderate costs, and a favorable risk-return ratio. The aim of the fund is to achieve a high overall yield under normal market conditions, not directly dependent on trends in the equity or interest markets. The fund’s assets are normally invested in 10 to 25 hedge funds. This share class has performance data calculated prior to its inception date on 2018-03-29 based upon the extended track record of R2 Crystal Fund (ISIN: IE00B0VR5480).

Fund Information

General Information

NHX CategoryFund Of Funds
NHX CountryFinland
Legal StructureAlternative Investment Fund
Fund DomicileFinland
Minimum Investment10,000 EUR
AUM511M EUR
Inception DateJan 2006
Management Fee0.90%
Performance Fee20% of returns exceeding the Credit Suisse Hedge Fund Index

Company Information

CompanyOP Fund Management Company Ltd
Principal -
AddressGebhardinaukio 1
Helsinki, 00510
Phone+358 10 25 20 11
E-mail -
Websitewww.op.fi
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.59 1.70 1.42 4.78
2023 1.41 0.57 -2.07 0.30 0.06 0.52 0.16 0.46 0.91 -0.24 -0.01 0.78 2.85
2022 0.35 1.01 0.63 2.28 -0.32 -1.28 0.02 1.90 -0.12 -0.02 -1.59 1.40 4.27
2021 -0.81 2.93 -1.12 0.47 0.74 -0.10 -0.19 1.01 1.26 0.22 0.80 0.76 6.07
2020 0.20 -0.02 -5.54 1.99 1.00 1.75 0.87 1.09 -0.12 0.70 1.07 3.77 6.69
2019 1.53 0.94 0.82 0.53 0.22 1.70 1.06 -1.33 -0.69 -0.04 0.16 2.08 7.15
2018 2.05 -0.88 0.23 0.21 -0.30 -0.63 -0.36 0.54 0.64 -0.93 -2.35 -0.27 -2.09
2017 0.46 0.96 0.31 1.01 0.51 -0.53 1.08 1.56 0.35 0.98 -0.14 1.14 7.95
2016 -1.32 -1.75 0.29 1.25 0.30 -0.36 1.21 0.49 0.68 0.72 -0.51 1.74 2.71
2015 3.49 2.12 3.63 -0.18 0.68 -1.30 1.43 -0.14 -1.30 -0.03 0.65 -1.21 7.96
2014 0.19 1.93 -1.52 -1.44 1.35 0.82 -0.10 0.55 0.11 -1.50 2.28 -0.27 2.33
2013 1.55 1.02 1.62 1.85 1.58 -0.98 0.54 -0.46 1.08 0.96 1.39 1.57 12.32
2012 2.08 1.29 0.72 0.06 -0.64 -0.91 1.51 1.04 1.31 0.67 1.21 2.28 11.09
2011 1.30 1.26 0.58 1.80 0.06 -0.89 1.40 -1.47 -1.61 0.08 0.05 0.01 2.53
2010 0.52 0.41 2.01 1.85 -3.05 -0.53 0.28 1.87 2.10 1.58 -0.25 2.27 9.30
2009 6.60 2.30 -0.20 -0.01 2.85 0.61 1.49 1.61 2.06 0.70 1.01 1.03 21.79
2008 -0.95 2.94 -2.38 -2.09 1.48 2.43 -1.71 -0.79 -5.65 -2.75 0.11 -1.54 -10.66
2007 1.69 -0.79 0.80 2.91 2.65 -0.05 -1.92 -4.01 0.94 0.65 0.42 0.25 3.39
2006 4.50 0.71 3.69 2.16 -2.34 0.15 0.06 0.87 1.35 0.89 1.84 2.48 17.44

Portfolio Managers

Riku Karkkulainen

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 -14.02% 19 9 06/2007 09/2009
2 -5.56% 2 5 02/2020 08/2020
3 -5.01% 7 10 08/2015 12/2016
4 -4.06% 11 6 02/2018 06/2019
5 -3.56% 2 3 05/2010 09/2010

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.57%0.87%0.64%0.40%0.46%
% Positive100.00%66.67%83.33%66.67%72.22%
Avg. Pos. Period1.57%1.37%0.79%0.97%0.87%
Avg. Neg. Period - -0.13%-0.13%-0.71%-0.59%
Sharpe Ratio47.223.953.551.331.78
Sortino Ratio0.0030.7531.752.333.26
Monthly Volatility0.12%0.77%0.62%1.06%0.91%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.60%-5.65%0.52%0.61%1.42%69.41%
3 Months 9.52%-8.97%1.51%1.76%4.78%74.65%
6 Months 12.61%-11.81%2.94%2.97%5.34%78.04%
1 Year 21.79%-10.66%5.91%6.09%7.90%86.54%
2 Years 33.12%-7.63%11.93%11.69%10.16%94.39%
3 Years 36.49%5.33%18.81%17.61%18.06%100.00%
5 Years 70.32%8.50%33.91%31.37%31.87%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

R2 Crystal is a fund of hedge funds seeking to achieve a high yield in the long term relative to the risks taken by the fund. The fund aims to achieve an efficient risk-return ratio and mainly invests its assets in hedge funds with a moderate risk, moderate costs, and a favorable risk-return ratio. The aim of the fund is to achieve a high overall yield under normal market conditions, not directly dependent on trends in the equity or interest markets. The fund’s assets are normally invested in 10 to 25 hedge funds. This share class has performance data calculated prior to its inception date on 2018-03-29 based upon the extended track record of R2 Crystal Fund (ISIN: IE00B0VR5480).

Fund Information

General Information

NHX CategoryFund Of Funds
NHX CountryFinland
Legal StructureAlternative Investment Fund
Fund DomicileFinland
Minimum Investment10,000 EUR
AUM511M EUR
Inception DateJan 2006
Management Fee0.90%
Performance Fee20% of returns exceeding the Credit Suisse Hedge Fund Index

Company Information

CompanyOP Fund Management Company Ltd
Principal -
AddressGebhardinaukio 1
Helsinki, 00510
Phone+358 10 25 20 11
E-mail -
Websitewww.op.fi
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.59 1.70 1.42 4.78
2023 1.41 0.57 -2.07 0.30 0.06 0.52 0.16 0.46 0.91 -0.24 -0.01 0.78 2.85
2022 0.35 1.01 0.63 2.28 -0.32 -1.28 0.02 1.90 -0.12 -0.02 -1.59 1.40 4.27
2021 -0.81 2.93 -1.12 0.47 0.74 -0.10 -0.19 1.01 1.26 0.22 0.80 0.76 6.07
2020 0.20 -0.02 -5.54 1.99 1.00 1.75 0.87 1.09 -0.12 0.70 1.07 3.77 6.69
2019 1.53 0.94 0.82 0.53 0.22 1.70 1.06 -1.33 -0.69 -0.04 0.16 2.08 7.15
2018 2.05 -0.88 0.23 0.21 -0.30 -0.63 -0.36 0.54 0.64 -0.93 -2.35 -0.27 -2.09
2017 0.46 0.96 0.31 1.01 0.51 -0.53 1.08 1.56 0.35 0.98 -0.14 1.14 7.95
2016 -1.32 -1.75 0.29 1.25 0.30 -0.36 1.21 0.49 0.68 0.72 -0.51 1.74 2.71
2015 3.49 2.12 3.63 -0.18 0.68 -1.30 1.43 -0.14 -1.30 -0.03 0.65 -1.21 7.96
2014 0.19 1.93 -1.52 -1.44 1.35 0.82 -0.10 0.55 0.11 -1.50 2.28 -0.27 2.33
2013 1.55 1.02 1.62 1.85 1.58 -0.98 0.54 -0.46 1.08 0.96 1.39 1.57 12.32
2012 2.08 1.29 0.72 0.06 -0.64 -0.91 1.51 1.04 1.31 0.67 1.21 2.28 11.09
2011 1.30 1.26 0.58 1.80 0.06 -0.89 1.40 -1.47 -1.61 0.08 0.05 0.01 2.53
2010 0.52 0.41 2.01 1.85 -3.05 -0.53 0.28 1.87 2.10 1.58 -0.25 2.27 9.30
2009 6.60 2.30 -0.20 -0.01 2.85 0.61 1.49 1.61 2.06 0.70 1.01 1.03 21.79
2008 -0.95 2.94 -2.38 -2.09 1.48 2.43 -1.71 -0.79 -5.65 -2.75 0.11 -1.54 -10.66
2007 1.69 -0.79 0.80 2.91 2.65 -0.05 -1.92 -4.01 0.94 0.65 0.42 0.25 3.39
2006 4.50 0.71 3.69 2.16 -2.34 0.15 0.06 0.87 1.35 0.89 1.84 2.48 17.44

Portfolio Managers

Riku Karkkulainen

Return Statistics

Last Month Return 1.42%
3 Month Return 4.78%
Year to Date Return 4.78%
12 Month Return 7.90%
36 Month Return 18.06%
Total Return Annualized 6.24%
Winning Months (%) 69.41%
Average Winning Month 1.22%
Average Losing Month -1.09%
Total Return Cumulative 201.91%

Risk Statistics (12M)

1 Year
Sharpe Ratio3.55
Sortino Ratio31.75
Sterling0.77
Calmar31.60
Skewness0.57
Kurtosis-0.44
Maximum Drawdown-0.25%
Correlation vs S&P 5000.08
Annualized Volatility2.16%
Annualized Down. Deviation0.40%

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 -14.02% 19 9 06/2007 09/2009
2 -5.56% 2 5 02/2020 08/2020
3 -5.01% 7 10 08/2015 12/2016
4 -4.06% 11 6 02/2018 06/2019
5 -3.56% 2 3 05/2010 09/2010

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.57%0.87%0.64%0.40%0.46%
% Positive100.00%66.67%83.33%66.67%72.22%
Avg. Pos. Period1.57%1.37%0.79%0.97%0.87%
Avg. Neg. Period - -0.13%-0.13%-0.71%-0.59%
Sharpe Ratio47.223.953.551.331.78
Sortino Ratio0.0030.7531.752.333.26
Monthly Volatility0.12%0.77%0.62%1.06%0.91%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.60%-5.65%0.52%0.61%1.42%69.41%
3 Months 9.52%-8.97%1.51%1.76%4.78%74.65%
6 Months 12.61%-11.81%2.94%2.97%5.34%78.04%
1 Year 21.79%-10.66%5.91%6.09%7.90%86.54%
2 Years 33.12%-7.63%11.93%11.69%10.16%94.39%
3 Years 36.49%5.33%18.81%17.61%18.06%100.00%
5 Years 70.32%8.50%33.91%31.37%31.87%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.