Munin Alternative Capital AS

Sector Asset Management

Strategy Description

Between July 2021 and August 2023, Munin traded (live) under a Norwegian structure named Munin Alternative Capital AS. Munin is a quantitative equity market-neutral strategy that relies on alternative data such as credit card transactions, point-of-sales data, among others. The fund is managed by Munin Investment team, led by its Founder and CIO Lars Grotmol, and supported by analyst Jamie Veitch. The team couples a quantitative approach to crunching large and complex data sets with deep fundamental expertise.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureInvestment Company
Fund DomicileNorway
Minimum Investment -
AUM -
Inception DateJul 2021
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanySector Asset Management
AddressKristian Augusts gate 15 c
Oslo, 0125
Phone+47 23 01 29 00
E-mail[email protected]
Websitewww.sector.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 1.40 -0.90 3.50 0.10 2.30 -0.40 0.10 6.18
2022 -0.10 1.50 2.10 -2.70 1.70 1.00 1.10 1.00 5.90 1.20 -0.60 -0.60 11.88
2021 -2.20 2.90 6.50 0.20 -0.30 1.90 9.10

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 -2.70% 1 3 04/2022 07/2022
2 -2.20% 1 1 07/2021 08/2021
3 -1.20% 2 1 11/2022 01/2023
4 -0.90% 1 1 02/2023 03/2023
5 -0.40% 1 0 06/2023 -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.66%0.77%1.07%1.18% -
% Positive66.67%66.67%66.67%70.83% -
Avg. Pos. Period1.20%1.50%1.94%2.02% -
Avg. Neg. Period-0.40%-0.65%-0.63%-0.80% -
Sharpe Ratio1.971.721.952.06 -
Sortino Ratio9.906.649.836.65 -
Monthly Volatility1.17%1.57%1.92%2.01% -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.50%-2.70%1.06%1.00%0.10%68.00%
3 Months 9.81%-0.12%3.56%3.13%1.99%86.96%
6 Months 12.41%2.34%6.59%5.97%4.72%100.00%
1 Year 16.70%10.87%14.05%14.22%13.56%100.00%
2 Years 32.52%29.48%31.00%31.00%32.52%100.00%
3 Years ------
5 Years ------

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

AUM (EUR)

Chart not applicable - The program has no AUM data

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

Between July 2021 and August 2023, Munin traded (live) under a Norwegian structure named Munin Alternative Capital AS. Munin is a quantitative equity market-neutral strategy that relies on alternative data such as credit card transactions, point-of-sales data, among others. The fund is managed by Munin Investment team, led by its Founder and CIO Lars Grotmol, and supported by analyst Jamie Veitch. The team couples a quantitative approach to crunching large and complex data sets with deep fundamental expertise.

Fund Information

General Information

NHX CategoryEquities
NHX CountryNorway
Legal StructureInvestment Company
Fund DomicileNorway
Minimum Investment -
AUM -
Inception DateJul 2021
Management Fee2.00%
Performance Fee20.00%

Company Information

CompanySector Asset Management
AddressKristian Augusts gate 15 c
Oslo, 0125
Phone+47 23 01 29 00
E-mail[email protected]
Websitewww.sector.no
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 1.40 -0.90 3.50 0.10 2.30 -0.40 0.10 6.18
2022 -0.10 1.50 2.10 -2.70 1.70 1.00 1.10 1.00 5.90 1.20 -0.60 -0.60 11.88
2021 -2.20 2.90 6.50 0.20 -0.30 1.90 9.10

Portfolio Managers

 
No data filled

Return Statistics

Last Month Return -
3 Month Return 1.99%
Year to Date Return 6.18%
12 Month Return 13.56%
36 Month Return -
Total Return Annualized 13.26%
Winning Months (%) 68.00%
Average Winning Month 2.02%
Average Losing Month -0.98%
Total Return Cumulative 29.61%

Risk Statistics (12M)

1 Year
Sharpe Ratio1.95
Sortino Ratio9.83
Sterling1.21
Calmar11.33
Skewness1.61
Kurtosis3.03
Maximum Drawdown-1.20%
Correlation vs S&P 500-0.34
Annualized Volatility6.66%
Annualized Down. Deviation0.62%

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 -2.70% 1 3 04/2022 07/2022
2 -2.20% 1 1 07/2021 08/2021
3 -1.20% 2 1 11/2022 01/2023
4 -0.90% 1 1 02/2023 03/2023
5 -0.40% 1 0 06/2023 -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.66%0.77%1.07%1.18% -
% Positive66.67%66.67%66.67%70.83% -
Avg. Pos. Period1.20%1.50%1.94%2.02% -
Avg. Neg. Period-0.40%-0.65%-0.63%-0.80% -
Sharpe Ratio1.971.721.952.06 -
Sortino Ratio9.906.649.836.65 -
Monthly Volatility1.17%1.57%1.92%2.01% -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.50%-2.70%1.06%1.00%0.10%68.00%
3 Months 9.81%-0.12%3.56%3.13%1.99%86.96%
6 Months 12.41%2.34%6.59%5.97%4.72%100.00%
1 Year 16.70%10.87%14.05%14.22%13.56%100.00%
2 Years 32.52%29.48%31.00%31.00%32.52%100.00%
3 Years ------
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.