Marselis Credit Fund

Fondsmæglerselskabet Marselis

Strategy Description

The investment objective of FM Marselis Credit Fund is to generate a better risk-adjusted return than the broad credit market through an active investment strategy based on relative value. The strategy is designed to exploit credit market imbalances by using data-based analysis. The fund will primarily invest in bonds from non-financial High Yield companies, as well as in subordinated debt from both financial and non-financial Investment Grade companies. The fund focuses on the European bond market, primarily EUR and DKK, and the majority of bonds are issued by European companies (usually 35-45 companies). A dynamic leverage is applied to the strategy which will vary over time but limited to a maximum of 1x. The aim of the fund is to deliver equity like returns of about 7-10% p.a.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureAlternative Investment Fund
Fund DomicileLuxembourg
Minimum Investment750,000 DKK
AUM -
Inception DateJul 2020
Management Fee0.50%
Performance Fee10.00%
SFDR Classification -

Company Information

CompanyFondsmæglerselskabet Marselis
AddressFredericiagade 23, 1
Aarhus, DK-8000
Phone+45 8730 1133
E-mail[email protected]
Websitewww.fmmarselis.dk
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 5.78 0.22 4.95 -0.64 3.40 0.11 2.35 2.18 1.62 1.10 0.07 23.05
2023 4.60 -0.61 -3.66 1.15 0.73 1.18 2.37 -0.83 0.32 -0.56 5.60 6.69 17.83
2022 -3.09 -4.88 0.54 -5.93 -4.14 -13.73 10.87 -1.49 -9.16 1.07 7.71 -0.93 -22.84
2021 -0.17 0.04 2.00 1.34 0.05 1.38 0.90 0.82 -0.08 -1.68 -0.96 1.66 5.38
2020 0.07 2.17 -0.10 -0.32 6.97 2.16 11.27

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 -29.23% 13 18 09/2021 03/2024
2 -0.64% 1 1 04/2024 05/2024
3 -0.42% 2 1 09/2020 11/2020
4 -0.17% 1 2 01/2021 03/2021
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.93%1.23%2.29%1.52%0.36%
% Positive100.00%100.00%91.67%75.00%63.89%
Avg. Pos. Period0.93%1.24%2.59%2.47%2.88%
Avg. Neg. Period - - -0.64%-1.20%-3.82%
Sharpe Ratio5.004.743.472.160.35
Sortino Ratio0.000.0043.126.450.38
Monthly Volatility0.64%0.91%2.32%2.49%4.54%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.87%-13.73%0.59%0.54%0.07%64.15%
3 Months 19.18%-22.20%1.78%2.72%2.81%66.67%
6 Months 24.66%-27.90%3.48%5.25%7.64%77.08%
1 Year 38.54%-29.18%5.45%7.65%31.29%61.90%
2 Years 54.61%-20.20%0.36%-14.09%43.64%33.33%
3 Years 13.73%-8.27%1.45%2.14%13.73%61.11%
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

The investment objective of FM Marselis Credit Fund is to generate a better risk-adjusted return than the broad credit market through an active investment strategy based on relative value. The strategy is designed to exploit credit market imbalances by using data-based analysis. The fund will primarily invest in bonds from non-financial High Yield companies, as well as in subordinated debt from both financial and non-financial Investment Grade companies. The fund focuses on the European bond market, primarily EUR and DKK, and the majority of bonds are issued by European companies (usually 35-45 companies). A dynamic leverage is applied to the strategy which will vary over time but limited to a maximum of 1x. The aim of the fund is to deliver equity like returns of about 7-10% p.a.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureAlternative Investment Fund
Fund DomicileLuxembourg
Minimum Investment750,000 DKK
AUM -
Inception DateJul 2020
Management Fee0.50%
Performance Fee10.00%
SFDR Classification -

Company Information

CompanyFondsmæglerselskabet Marselis
AddressFredericiagade 23, 1
Aarhus, DK-8000
Phone+45 8730 1133
E-mail[email protected]
Websitewww.fmmarselis.dk
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 5.78 0.22 4.95 -0.64 3.40 0.11 2.35 2.18 1.62 1.10 0.07 23.05
2023 4.60 -0.61 -3.66 1.15 0.73 1.18 2.37 -0.83 0.32 -0.56 5.60 6.69 17.83
2022 -3.09 -4.88 0.54 -5.93 -4.14 -13.73 10.87 -1.49 -9.16 1.07 7.71 -0.93 -22.84
2021 -0.17 0.04 2.00 1.34 0.05 1.38 0.90 0.82 -0.08 -1.68 -0.96 1.66 5.38
2020 0.07 2.17 -0.10 -0.32 6.97 2.16 11.27

Portfolio Managers

No data filled

Return Statistics

Last Month Return 0.07%
3 Month Return 2.81%
Year to Date Return 23.05%
12 Month Return 31.29%
36 Month Return 13.73%
Total Return Annualized 6.34%
Winning Months (%) 64.15%
Average Winning Month 2.48%
Average Losing Month -2.79%
Total Return Cumulative 31.17%

Risk Statistics (12M)

1 Year
Sharpe Ratio3.47
Sortino Ratio43.12
Sterling2.94
Calmar49.00
Skewness0.75
Kurtosis-0.16
Maximum Drawdown-0.64%
Correlation vs S&P 5000.25
Annualized Volatility8.02%
Annualized Down. Deviation0.00%

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 -29.23% 13 18 09/2021 03/2024
2 -0.64% 1 1 04/2024 05/2024
3 -0.42% 2 1 09/2020 11/2020
4 -0.17% 1 2 01/2021 03/2021
5 - - - - -

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.93%1.23%2.29%1.52%0.36%
% Positive100.00%100.00%91.67%75.00%63.89%
Avg. Pos. Period0.93%1.24%2.59%2.47%2.88%
Avg. Neg. Period - - -0.64%-1.20%-3.82%
Sharpe Ratio5.004.743.472.160.35
Sortino Ratio0.000.0043.126.450.38
Monthly Volatility0.64%0.91%2.32%2.49%4.54%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 10.87%-13.73%0.59%0.54%0.07%64.15%
3 Months 19.18%-22.20%1.78%2.72%2.81%66.67%
6 Months 24.66%-27.90%3.48%5.25%7.64%77.08%
1 Year 38.54%-29.18%5.45%7.65%31.29%61.90%
2 Years 54.61%-20.20%0.36%-14.09%43.64%33.33%
3 Years 13.73%-8.27%1.45%2.14%13.73%61.11%
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.

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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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