Borea Utbytte

Borea Asset Management AS

Strategy Description

Borea Utbytte is an actively managed fund that invests in Norwegian banks to take part in their value creation. Borea Utbytte only invests in Norwegian bank stocks and equity certificates, having the ability to maintain up to 150% exposure in long positions and up to 50% exposure in short positions. The fund’s investment objective is to provide a good absolute return over time, with a focus on preserving the unit holders’ capital. Borea Utbytte spreads its investments in a number of Norwegian banks and tries at all times to be invested where the return is best in relation to risk. The fund may use derivatives for both hedging and investment purposes.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureSpecialized Investment Fund
Fund DomicileNorway
Minimum Investment1,000,000 NOK
AUM2,028M NOK
Inception DateOct 2020
Management Fee1.00%
Performance Fee10.00%

Company Information

CompanyBorea Asset Management AS
AddressKalfarveien 76
Bergen, 5022
Phone+47 53 00 29 00
E-mail[email protected]
Websitewww.borea.no/
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 -0.05 2.03 4.23 4.45 2.03 -1.47 11.61
2023 -1.83 8.61 -4.97 6.61 -2.92 5.79 0.67 0.73 -1.12 0.70 -0.98 8.76 20.63
2022 2.15 -3.33 3.94 -5.20 -1.66 -9.27 4.74 -1.28 -7.45 4.78 4.00 5.16 -4.80
2021 1.13 5.71 9.70 6.03 2.78 2.48 -0.08 2.29 6.19 8.29 0.10 5.03 61.84
2020 -3.03 15.04 2.60 14.45

Portfolio Managers

 
No data filled

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 -19.06% 6 7 04/2022 04/2023
2 -3.33% 1 1 02/2022 03/2022
3 -3.03% 1 1 10/2020 11/2020
4 -2.92% 1 1 05/2023 06/2023
5 -1.47% 1 0 06/2024 -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.64%1.85%1.63%1.64%1.29%
% Positive66.67%66.67%66.67%62.50%61.11%
Avg. Pos. Period3.24%3.19%2.95%4.22%4.15%
Avg. Neg. Period-1.47%-0.76%-0.91%-2.45%-2.97%
Sharpe Ratio2.383.052.051.471.10
Sortino Ratio6.7010.669.332.801.78
Monthly Volatility2.43%2.13%2.82%4.03%4.34%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 15.04%-9.27%2.05%2.15%-1.47%66.67%
3 Months 22.96%-15.42%6.36%7.36%5.00%79.07%
6 Months 46.77%-19.06%12.48%12.35%11.61%85.00%
1 Year 81.69%-8.50%22.21%20.90%21.37%82.35%
2 Years 66.29%10.91%33.44%31.27%47.65%100.00%
3 Years 103.71%58.40%77.97%76.33%58.40%100.00%
5 Years ------

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

Borea Utbytte is an actively managed fund that invests in Norwegian banks to take part in their value creation. Borea Utbytte only invests in Norwegian bank stocks and equity certificates, having the ability to maintain up to 150% exposure in long positions and up to 50% exposure in short positions. The fund’s investment objective is to provide a good absolute return over time, with a focus on preserving the unit holders’ capital. Borea Utbytte spreads its investments in a number of Norwegian banks and tries at all times to be invested where the return is best in relation to risk. The fund may use derivatives for both hedging and investment purposes.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureSpecialized Investment Fund
Fund DomicileNorway
Minimum Investment1,000,000 NOK
AUM2,028M NOK
Inception DateOct 2020
Management Fee1.00%
Performance Fee10.00%

Company Information

CompanyBorea Asset Management AS
AddressKalfarveien 76
Bergen, 5022
Phone+47 53 00 29 00
E-mail[email protected]
Websitewww.borea.no/
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 -0.05 2.03 4.23 4.45 2.03 -1.47 11.61
2023 -1.83 8.61 -4.97 6.61 -2.92 5.79 0.67 0.73 -1.12 0.70 -0.98 8.76 20.63
2022 2.15 -3.33 3.94 -5.20 -1.66 -9.27 4.74 -1.28 -7.45 4.78 4.00 5.16 -4.80
2021 1.13 5.71 9.70 6.03 2.78 2.48 -0.08 2.29 6.19 8.29 0.10 5.03 61.84
2020 -3.03 15.04 2.60 14.45

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return -1.47%
3 Month Return 5.00%
Year to Date Return 11.61%
12 Month Return 21.37%
36 Month Return 58.40%
Total Return Annualized 25.94%
Winning Months (%) 66.67%
Average Winning Month 4.56%
Average Losing Month -2.98%
Total Return Cumulative 137.44%

Risk Statistics (12M)

1 Year
Sharpe Ratio2.05
Sortino Ratio9.33
Sterling1.86
Calmar14.53
Skewness1.55
Kurtosis3.10
Maximum Drawdown-1.47%
Correlation vs S&P 5000.06
Annualized Volatility9.76%
Annualized Down. Deviation1.82%

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 -19.06% 6 7 04/2022 04/2023
2 -3.33% 1 1 02/2022 03/2022
3 -3.03% 1 1 10/2020 11/2020
4 -2.92% 1 1 05/2023 06/2023
5 -1.47% 1 0 06/2024 -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.64%1.85%1.63%1.64%1.29%
% Positive66.67%66.67%66.67%62.50%61.11%
Avg. Pos. Period3.24%3.19%2.95%4.22%4.15%
Avg. Neg. Period-1.47%-0.76%-0.91%-2.45%-2.97%
Sharpe Ratio2.383.052.051.471.10
Sortino Ratio6.7010.669.332.801.78
Monthly Volatility2.43%2.13%2.82%4.03%4.34%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 15.04%-9.27%2.05%2.15%-1.47%66.67%
3 Months 22.96%-15.42%6.36%7.36%5.00%79.07%
6 Months 46.77%-19.06%12.48%12.35%11.61%85.00%
1 Year 81.69%-8.50%22.21%20.90%21.37%82.35%
2 Years 66.29%10.91%33.44%31.27%47.65%100.00%
3 Years 103.71%58.40%77.97%76.33%58.40%100.00%
5 Years ------

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.