CABA Flex2

CABA Capital A/S

Strategy Description

CABA Flex2 follows the same strategy as CABA Flex. The strategy is based on a buy and hold strategy where returns are generated by taking advantage of the interest rate difference between Scandinavian mortgage and government bonds, and rolling down the spread curve. Performance is amplified through leverage, while mitigating interest rate risk through swaps or government bonds denominated in the local currency. The fund has a lifespan of 3 years after which returns are realized and investors receive their capital.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureRAIF
Fund DomicileLuxembourg
Minimum InvestmentDKK equivalent of EUR 100,000
AUM -
Inception DateJun 2024
Management Fee1.00%
Performance Fee15% Above 3% Hurdle Rate
SFDR Classification -

Company Information

CompanyCABA Capital A/S
Investor RelationsTorben Frederiksen
AddressToldbodgade 55B
Copenhagen K, 1253
Phone+45 24266878
E-mail[email protected]
Websitewww.cabacapital.dk
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.14 3.20 1.16 2.90 8.65

Portfolio Managers

 
 
Carsten Bach (center), Chief Investment Officer at CABA Capital, has more than 30 years of experience from the financial sector, primarily focusing on portfolio management within bonds. Bach worked at Danske Bank since 1993, when he started at Realkredit Danmark as a portfolio manager focused on Danish bonds. He then became head of funds with responsibility for equity and bond investments, issuance of bonds and the analysis function. In 2001, Bach moved to Danske Bank’s Finance Department as department director for Proprietary Trading of global mortgage bonds, and subsequently also for equity and currency positions. In 2008, Bach was appointed as Head of Treasury Investment Management, with his department responsible for the management of more than DKK 200 billion. Most recently, Bach headed the Investment Management department at Danske Bank.

Senior Hedge Fund Manager Jørgen Ole Jørgensen (left) has more than 30 years of experience from the financial sector. Jørgensen worked for Asgard Asset Management as Senior Portfolio Manager from 2015-2022. Before that he was responsible for Derivatives Trading at SEB in Copenhagen. From 1999 to 2008, Jørgensen was Proprietary Trader and Head of Proprietary Trading at Handelsbanken in Stockholm and Nykredit in Copenhagen, respectively.

Kristian Myrup Pedersen (right), Fixed Income Quant at CABA Capital, has more than 15 years of experience in the investment industry, with a focus on fixed income securities and derivatives. He has held various roles such as analyst, portfolio manager, and product manager at different financial companies. Additionally, he has also worked as an external lecturer at the Department of Finance at Copenhagen Business School.
Senior Hedge Fund Manager Jørgen Ole Jørgensen has more than 30 years of experience from the financial sector. Jørgensen worked for Asgard Asset Management as Senior Portfolio Manager from 2015-2022. Before that he was responsible for Derivatives Trading at SEB in Copenhagen. From 1999 to 2008, Jørgensen was Proprietary Trader and Head of Proprietary Trading at Handelsbanken in Stockholm and Nykredit in Copenhagen, respectively.

Kristian Myrup Pedersen, Fixed Income Quant at CABA Capital, has more than 15 years of experience in the investment industry, with a focus on fixed income securities and derivatives. He has held various roles such as analyst, portfolio manager, and product manager at different financial companies. Additionally, he has also worked as an external lecturer at the Department of Finance at Copenhagen Business School.

Family of Funds

Company Programs
CABA Hedge - CABA Flex

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 - - - - -
3 - - - - -
4 - - - - -
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.42% - - - -
% Positive100.00% - - - -
Avg. Pos. Period2.42% - - - -
Avg. Neg. Period - - - - -
Sharpe Ratio9.32 - - - -
Sortino Ratio0.00 - - - -
Monthly Volatility0.90% - - - -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 3.20%1.14%2.10%2.03%2.90%100.00%
3 Months 7.43%5.59%6.51%6.51%7.43%100.00%
6 Months ------
1 Year ------
2 Years ------
3 Years ------
5 Years ------

Volatility (12 Months Rolling)

Chart not applicable - performance history is less than 12 months

CORRELATION (12 MONTH ROLLING)

Chart not applicable - performance history is less than 12 months

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

CABA Flex2 follows the same strategy as CABA Flex. The strategy is based on a buy and hold strategy where returns are generated by taking advantage of the interest rate difference between Scandinavian mortgage and government bonds, and rolling down the spread curve. Performance is amplified through leverage, while mitigating interest rate risk through swaps or government bonds denominated in the local currency. The fund has a lifespan of 3 years after which returns are realized and investors receive their capital.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureRAIF
Fund DomicileLuxembourg
Minimum InvestmentDKK equivalent of EUR 100,000
AUM -
Inception DateJun 2024
Management Fee1.00%
Performance Fee15% Above 3% Hurdle Rate
SFDR Classification -

Company Information

CompanyCABA Capital A/S
Investor RelationsTorben Frederiksen
AddressToldbodgade 55B
Copenhagen K, 1253
Phone+45 24266878
E-mail[email protected]
Websitewww.cabacapital.dk
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.14 3.20 1.16 2.90 8.65

Portfolio Managers

 
 
Carsten Bach (center), Chief Investment Officer at CABA Capital, has more than 30 years of experience from the financial sector, primarily focusing on portfolio management within bonds. Bach worked at Danske Bank since 1993, when he started at Realkredit Danmark as a portfolio manager focused on Danish bonds. He then became head of funds with responsibility for equity and bond investments, issuance of bonds and the analysis function. In 2001, Bach moved to Danske Bank’s Finance Department as department director for Proprietary Trading of global mortgage bonds, and subsequently also for equity and currency positions. In 2008, Bach was appointed as Head of Treasury Investment Management, with his department responsible for the management of more than DKK 200 billion. Most recently, Bach headed the Investment Management department at Danske Bank.

Senior Hedge Fund Manager Jørgen Ole Jørgensen (left) has more than 30 years of experience from the financial sector. Jørgensen worked for Asgard Asset Management as Senior Portfolio Manager from 2015-2022. Before that he was responsible for Derivatives Trading at SEB in Copenhagen. From 1999 to 2008, Jørgensen was Proprietary Trader and Head of Proprietary Trading at Handelsbanken in Stockholm and Nykredit in Copenhagen, respectively.

Kristian Myrup Pedersen (right), Fixed Income Quant at CABA Capital, has more than 15 years of experience in the investment industry, with a focus on fixed income securities and derivatives. He has held various roles such as analyst, portfolio manager, and product manager at different financial companies. Additionally, he has also worked as an external lecturer at the Department of Finance at Copenhagen Business School.
Senior Hedge Fund Manager Jørgen Ole Jørgensen has more than 30 years of experience from the financial sector. Jørgensen worked for Asgard Asset Management as Senior Portfolio Manager from 2015-2022. Before that he was responsible for Derivatives Trading at SEB in Copenhagen. From 1999 to 2008, Jørgensen was Proprietary Trader and Head of Proprietary Trading at Handelsbanken in Stockholm and Nykredit in Copenhagen, respectively.

Kristian Myrup Pedersen, Fixed Income Quant at CABA Capital, has more than 15 years of experience in the investment industry, with a focus on fixed income securities and derivatives. He has held various roles such as analyst, portfolio manager, and product manager at different financial companies. Additionally, he has also worked as an external lecturer at the Department of Finance at Copenhagen Business School.

Family of Funds

Company Programs
CABA Hedge - CABA Flex

Return Statistics

Last Month Return 2.90%
3 Month Return 7.43%
Year to Date Return 8.65%
12 Month Return -
36 Month Return -
Total Return Annualized 28.26%
Winning Months (%) 100.00%
Average Winning Month 2.10%
Average Losing Month -
Total Return Cumulative 8.65%

Risk Statistics (12M)

1 Year
Sharpe Ratio -
Sortino Ratio -
Sterling -
Calmar -
Skewness -
Kurtosis -
Maximum Drawdown -
Correlation vs S&P 500 -
Annualized Volatility -
Annualized Down. Deviation -

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 - - - - -
3 - - - - -
4 - - - - -
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.42% - - - -
% Positive100.00% - - - -
Avg. Pos. Period2.42% - - - -
Avg. Neg. Period - - - - -
Sharpe Ratio9.32 - - - -
Sortino Ratio0.00 - - - -
Monthly Volatility0.90% - - - -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 3.20%1.14%2.10%2.03%2.90%100.00%
3 Months 7.43%5.59%6.51%6.51%7.43%100.00%
6 Months ------
1 Year ------
2 Years ------
3 Years ------
5 Years ------

Volatility (12 Months Rolling)

Chart not applicable - performance history is less than 12 months

CORRELATION (12 MONTH ROLLING)

Chart not applicable - performance history is less than 12 months

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.

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Data and information is provided for informational purposes only. Past performance is not necessarily indicative of future results.

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