Tidan NOVA Fund

Tidan Capital AB

Strategy Description

The Nova strategy is a market-neutral options and volatility arbitrage strategy, designed to generate absolute returns by capitalizing on anomalies in options markets. The strategy seeks to exploit inefficiencies in market pricing, particularly those arising from institutional hedging behaviors and behavioral biases. Nova employs a low delta portfolio implementation focusing on harvesting volatility skew and positive theta rather than directional price movements.

Fund Information

General Information

NHX CategoryDiversified
NHX CountrySweden
Legal StructureRAIF
Fund DomicileLuxembourg
Minimum Investment1,000,000 USD
AUM57M USD
Inception DateNov 2024
Management Fee1.50%
Performance Fee20% on return over 3-m T-bills
SFDR Classification -

Company Information

CompanyTidan Capital AB
AddressKommendörsgatan 2
Stockholm, SE-114 48
Phone+46 076 106 15 16
E-mail[email protected]
Websitewww.tidancapital.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 -0.07 -0.90 -0.97

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 -0.97% 2 0 11/2024 -
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 Return - - - - -
% Positive - - - - -
Avg. Pos. Period - - - - -
Avg. Neg. Period - - - - -
Sharpe Ratio - - - - -
Sortino Ratio - - - - -
Monthly Volatility - - - - -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month -0.07%-0.90%-0.49%-0.49%-0.90%0.00%
3 Months ------
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.

Strategy Description

The Nova strategy is a market-neutral options and volatility arbitrage strategy, designed to generate absolute returns by capitalizing on anomalies in options markets. The strategy seeks to exploit inefficiencies in market pricing, particularly those arising from institutional hedging behaviors and behavioral biases. Nova employs a low delta portfolio implementation focusing on harvesting volatility skew and positive theta rather than directional price movements.

Annual Performance

Fund Information

General Information

NHX CategoryDiversified
NHX CountrySweden
Legal StructureRAIF
Fund DomicileLuxembourg
Minimum Investment1,000,000 USD
AUM57M USD
Inception DateNov 2024
Management Fee1.50%
Performance Fee20% on return over 3-m T-bills
SFDR Classification -

Company Information

CompanyTidan Capital AB
AddressKommendörsgatan 2
Stockholm, SE-114 48
Phone+46 076 106 15 16
E-mail[email protected]
Websitewww.tidancapital.com
Social Media

Portfolio Managers

       
No data filled

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 -0.07 -0.90 -0.97

Return Statistics

Last Month Return -
3 Month Return -
Year to Date Return -0.97%
12 Month Return -
36 Month Return -
Total Return Annualized -5.68%
Winning Months (%) 0.00%
Average Winning Month -
Average Losing Month -0.49%
Total Return Cumulative -0.97%

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 -0.97% 2 0 11/2024 -
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 Return - - - - -
% Positive - - - - -
Avg. Pos. Period - - - - -
Avg. Neg. Period - - - - -
Sharpe Ratio - - - - -
Sortino Ratio - - - - -
Monthly Volatility - - - - -

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month -0.07%-0.90%-0.49%-0.49%-0.90%0.00%
3 Months ------
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.