DNB TMT Long/Short Equities

DNB

Strategy Description

The main objective of DNB TMT is the realization of long term capital growth - via the investment in technology companies worldwide - coupled with security of the underlying assets. The team behind DNB TMT cosists of pure bottom-up-driven stock pickers, who rely on extensive research behind each holding. The investment universe is divided among portfolio managers based on their respective core competencies. The two managers hold full decision power within their respective parts of the universe. Investment ideas and company research are discussed daily. There is a huge dispersion among the companies operating within the fund's investment, and this fact requires an in-depth analysis of the universe using a wide variety of different approaches and models. There is not one single "right method" to find good investments in these very new and often embryonic sectors. The model framework will always be based on fundamentally oriented style, though the fund managers may also evaluate factors such as value creation, earnings momentum, themes and more.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureUCITS
Fund Domicile -
Minimum Investment1,000 EUR
AUM174M EUR
Inception DateDec 2010
Management Fee1.50%
Performance Fee20.00%

Company Information

CompanyDNB
AddressRegeringsgatan 59
Stockholm, S-105 88
Phone+46 84 549 000
E-mail[email protected]
Websitednb.se/fonder
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.92 -0.51 4.20 4.34 1.28 10.57
2023 0.52 -1.70 -0.21 3.65 -3.15 1.53 3.10 -1.51 2.35 -2.86 -1.37 2.50 2.57
2022 8.69 0.35 -0.88 4.87 2.03 -0.41 -0.64 0.86 0.28 -0.21 2.02 0.46 18.43
2021 -0.06 4.64 4.38 -0.34 0.50 -3.67 -2.99 -1.61 1.70 -7.08 1.03 3.63 -0.54
2020 -0.66 -0.56 -4.02 -2.63 -1.92 -1.08 -2.78 -5.19 0.63 1.43 1.89 0.72 -13.52
2019 0.31 -1.32 -0.37 -1.07 -1.00 -1.19 1.44 -1.56 2.79 1.62 -4.56 -2.33 -7.20
2018 -5.05 1.16 -0.97 3.36 -1.34 0.99 -1.13 -1.09 2.64 3.03 2.42 -1.22 2.49
2017 0.60 0.40 0.30 2.00 0.08 -0.77 -0.84 0.82 1.73 -1.13 2.21 0.93 6.45
2016 -2.40 6.10 0.40 1.20 -0.40 0.40 1.80 1.10 0.40 -1.10 -0.70 -1.10 5.60
2015 -2.80 2.70 0.90 1.10 -0.60 0.50 1.20 -0.80 -1.60 4.20 -0.20 1.20 5.75
2014 2.10 2.20 0.80 0.70 -4.30 -1.10 1.10 -1.90 -1.90 -0.90 -0.40 2.10 -1.71
2013 2.10 -0.23 1.70 -0.80 7.00 -0.20 0.20 1.70 1.50 -0.20 -0.40 0.30 13.17
2012 2.74 0.49 -2.17 -1.77 -2.56 -2.42 -4.72 1.18 -0.15 -3.82 0.48 1.50 -10.93
2011 0.21 0.22 1.42 0.27 0.22 -1.52 2.65 1.24 1.85 3.40 0.80 -1.00 10.09
2010 0.40 0.40

Portfolio Managers

Anders Tandberg-Johansen (pictured center) joined DNB Asset Management in 1998 as a portfolio manager being responsible for Norwegian technology portfolios. Since 2002, he serves as Head of Global Technology Equities within the Global Equity team. He started his career as a technology analyst at Enskilda Securities in 1996. He holds a BA in Finance from the Norwegian School of Management (BI).
 
Sverre Bergland (pictured left) joined DNB Asset Management in 2001 as a technology equity analyst. He started out his professional career in 1995, working for ABG Securities as an IT analyst. Bergland holds a BA in Finance from the University of San Francisco, USA.
 
Erling Thune (pictured right) joined DNB Asset Management's global technology team in early 2008. Thune started his career in 1993 as a financial journalist for the Norwegian Financial Daily. Between 1996 and 2000, he was Senior Vice President and Investor Relations Officer at Norwegian retail company Elkjøp, before joining telecom operator Telenor in 2000 as Head of Investor Relations. Thune is a graduate of the Norwegian School of Economics and Business Administration (NHH).

Erling Kise joined DNB Asset Management’s global technology team in April 2014. Kise started his career as an intern in the team in 2011 and subsequently spent three years with Norges Bank Investment Management (NBIM) in London. Rise holds an honours degree in Finance from the University of Melbourne, Australia, and an MSc in Financial Markets from EDHEC Business School, France.

Family of Funds

Company Programs

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 -24.70% 35 29 12/2018 03/2024
2 -15.41% 8 16 03/2012 02/2014
3 -9.80% 9 13 05/2014 02/2016
4 -5.05% 1 9 01/2018 10/2018
5 -2.87% 3 4 10/2016 04/2017

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return3.26%2.11%1.14%0.62%0.56%
% Positive100.00%83.33%66.67%58.33%58.33%
Avg. Pos. Period3.27%2.65%2.53%2.00%2.40%
Avg. Neg. Period - -0.51%-1.56%-1.26%-1.92%
Sharpe Ratio8.044.191.821.110.73
Sortino Ratio0.0035.353.862.071.15
Monthly Volatility1.41%1.75%2.22%2.02%2.84%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 8.69%-7.08%0.25%0.31%1.28%55.56%
3 Months 13.79%-9.41%0.71%1.15%10.12%60.00%
6 Months 19.88%-16.42%1.31%1.91%13.33%63.06%
1 Year 22.16%-21.45%2.32%2.99%14.58%69.54%
2 Years 25.80%-23.42%4.11%5.03%16.10%71.94%
3 Years 28.06%-23.92%5.24%8.70%22.18%67.72%
5 Years 32.97%-18.32%7.28%8.48%10.98%62.14%

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

The main objective of DNB TMT is the realization of long term capital growth - via the investment in technology companies worldwide - coupled with security of the underlying assets. The team behind DNB TMT cosists of pure bottom-up-driven stock pickers, who rely on extensive research behind each holding. The investment universe is divided among portfolio managers based on their respective core competencies. The two managers hold full decision power within their respective parts of the universe. Investment ideas and company research are discussed daily. There is a huge dispersion among the companies operating within the fund's investment, and this fact requires an in-depth analysis of the universe using a wide variety of different approaches and models. There is not one single "right method" to find good investments in these very new and often embryonic sectors. The model framework will always be based on fundamentally oriented style, though the fund managers may also evaluate factors such as value creation, earnings momentum, themes and more.

Fund Information

General Information

NHX CategoryEquities
NHX CountrySweden
Legal StructureUCITS
Fund Domicile -
Minimum Investment1,000 EUR
AUM174M EUR
Inception DateDec 2010
Management Fee1.50%
Performance Fee20.00%

Company Information

CompanyDNB
AddressRegeringsgatan 59
Stockholm, S-105 88
Phone+46 84 549 000
E-mail[email protected]
Websitednb.se/fonder
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 0.92 -0.51 4.20 4.34 1.28 10.57
2023 0.52 -1.70 -0.21 3.65 -3.15 1.53 3.10 -1.51 2.35 -2.86 -1.37 2.50 2.57
2022 8.69 0.35 -0.88 4.87 2.03 -0.41 -0.64 0.86 0.28 -0.21 2.02 0.46 18.43
2021 -0.06 4.64 4.38 -0.34 0.50 -3.67 -2.99 -1.61 1.70 -7.08 1.03 3.63 -0.54
2020 -0.66 -0.56 -4.02 -2.63 -1.92 -1.08 -2.78 -5.19 0.63 1.43 1.89 0.72 -13.52
2019 0.31 -1.32 -0.37 -1.07 -1.00 -1.19 1.44 -1.56 2.79 1.62 -4.56 -2.33 -7.20
2018 -5.05 1.16 -0.97 3.36 -1.34 0.99 -1.13 -1.09 2.64 3.03 2.42 -1.22 2.49
2017 0.60 0.40 0.30 2.00 0.08 -0.77 -0.84 0.82 1.73 -1.13 2.21 0.93 6.45
2016 -2.40 6.10 0.40 1.20 -0.40 0.40 1.80 1.10 0.40 -1.10 -0.70 -1.10 5.60
2015 -2.80 2.70 0.90 1.10 -0.60 0.50 1.20 -0.80 -1.60 4.20 -0.20 1.20 5.75
2014 2.10 2.20 0.80 0.70 -4.30 -1.10 1.10 -1.90 -1.90 -0.90 -0.40 2.10 -1.71
2013 2.10 -0.23 1.70 -0.80 7.00 -0.20 0.20 1.70 1.50 -0.20 -0.40 0.30 13.17
2012 2.74 0.49 -2.17 -1.77 -2.56 -2.42 -4.72 1.18 -0.15 -3.82 0.48 1.50 -10.93
2011 0.21 0.22 1.42 0.27 0.22 -1.52 2.65 1.24 1.85 3.40 0.80 -1.00 10.09
2010 0.40 0.40

Portfolio Managers

Anders Tandberg-Johansen (pictured center) joined DNB Asset Management in 1998 as a portfolio manager being responsible for Norwegian technology portfolios. Since 2002, he serves as Head of Global Technology Equities within the Global Equity team. He started his career as a technology analyst at Enskilda Securities in 1996. He holds a BA in Finance from the Norwegian School of Management (BI).
 
Sverre Bergland (pictured left) joined DNB Asset Management in 2001 as a technology equity analyst. He started out his professional career in 1995, working for ABG Securities as an IT analyst. Bergland holds a BA in Finance from the University of San Francisco, USA.
 
Erling Thune (pictured right) joined DNB Asset Management's global technology team in early 2008. Thune started his career in 1993 as a financial journalist for the Norwegian Financial Daily. Between 1996 and 2000, he was Senior Vice President and Investor Relations Officer at Norwegian retail company Elkjøp, before joining telecom operator Telenor in 2000 as Head of Investor Relations. Thune is a graduate of the Norwegian School of Economics and Business Administration (NHH).

Erling Kise joined DNB Asset Management’s global technology team in April 2014. Kise started his career as an intern in the team in 2011 and subsequently spent three years with Norges Bank Investment Management (NBIM) in London. Rise holds an honours degree in Finance from the University of Melbourne, Australia, and an MSc in Financial Markets from EDHEC Business School, France.

Family of Funds

Company Programs

Return Statistics

Last Month Return 1.28%
3 Month Return 10.12%
Year to Date Return 10.57%
12 Month Return 14.58%
36 Month Return 22.18%
Total Return Annualized 2.69%
Winning Months (%) 55.56%
Average Winning Month 1.77%
Average Losing Month -1.65%
Total Return Cumulative 43.03%

Risk Statistics (12M)

1 Year
Sharpe Ratio1.82
Sortino Ratio3.86
Sterling1.03
Calmar3.48
Skewness-0.34
Kurtosis-0.33
Maximum Drawdown-4.19%
Correlation vs S&P 500-0.12
Annualized Volatility7.68%
Annualized Down. Deviation2.92%

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 -24.70% 35 29 12/2018 03/2024
2 -15.41% 8 16 03/2012 02/2014
3 -9.80% 9 13 05/2014 02/2016
4 -5.05% 1 9 01/2018 10/2018
5 -2.87% 3 4 10/2016 04/2017

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return3.26%2.11%1.14%0.62%0.56%
% Positive100.00%83.33%66.67%58.33%58.33%
Avg. Pos. Period3.27%2.65%2.53%2.00%2.40%
Avg. Neg. Period - -0.51%-1.56%-1.26%-1.92%
Sharpe Ratio8.044.191.821.110.73
Sortino Ratio0.0035.353.862.071.15
Monthly Volatility1.41%1.75%2.22%2.02%2.84%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 8.69%-7.08%0.25%0.31%1.28%55.56%
3 Months 13.79%-9.41%0.71%1.15%10.12%60.00%
6 Months 19.88%-16.42%1.31%1.91%13.33%63.06%
1 Year 22.16%-21.45%2.32%2.99%14.58%69.54%
2 Years 25.80%-23.42%4.11%5.03%16.10%71.94%
3 Years 28.06%-23.92%5.24%8.70%22.18%67.72%
5 Years 32.97%-18.32%7.28%8.48%10.98%62.14%

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.