Asgard Asset Management

Asgard Fixed Income Risk Premia

Strategy Description

Asgard Fixed Income Risk Premia is an Irish-domiciled fund managed by Copenhagen-based Asgard Asset Management A/S, the investment manager of one of the most successful fixed-income hedge funds in the Nordics – Asgard Fixed Income Fund. The fund is managed by Morten Mathiesen, Jesper Obeling Kring, Kenny Friis Gade, Edi Zulfaj and Bo Michael Andersen. Asgard Fixed Income Risk Premia specializes in carry/roll strategies and relative value strategies.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureICAV
Fund DomicileIreland
Minimum Investment100,000 EUR
AUM906M EUR
Inception DateOct 2017
Management Fee1.25%
Performance Fee15.00%

Company Information

CompanyAsgard Asset Management
PrincipalKasper Ullegård
Investor RelationsKasper Ullegård, CEO
AddressLandgreven 3
København K, 1301
Phone
E-mail[email protected]
Websitewww.asgardam.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.27 2.35 3.65
2023 3.35 2.47 -2.91 3.55 -1.40 3.80 2.63 3.38 1.47 0.42 1.62 1.32 21.30
2022 -1.34 -7.28 -0.04 -1.68 -3.99 -1.83 -0.44 0.65 -7.10 6.96 5.47 3.34 -8.04
2021 1.93 -1.70 1.92 1.02 0.03 0.14 -0.47 -0.10 -1.56 -2.40 -1.32 1.79 -0.84
2020 3.23 -0.56 -4.14 3.49 3.52 2.04 2.77 1.34 0.84 0.22 2.32 0.24 16.13
2019 0.63 2.61 1.35 1.23 -0.11 2.00 0.54 0.24 -1.00 0.62 0.05 -0.37 8.01
2018 -0.86 -0.51 -1.40 1.16 0.51 -0.58 0.17 1.10 0.88 -1.04 -1.35 1.43 -0.55
2017 -1.31 1.83 -0.39 0.10

Portfolio Managers

Morten Mathiesen, CIO at Asgard Asset Management, has been a key manager with the Asgard Fixed Income Fund dating back to its inception in 2003. He has been ultimately responsible for the investment strategy since March 2008. In 2011, he launched Asgard Asset Management based in Copenhagen, Denmark.

Kenny Friis Gade joined Asgard Asset Management as Deputy Chief Investment Officer on March 1, 2023 after about eight years at SEB, where he worked as Head of Trading and Head of Markets. Before joining SEB in 2015, Friis worked at Nykredit Asset Management for more than ten years. He served as chief portfolio manager of Nykredit’s fixed-income-focused hedge fund strategies Mira and Kobra. He then joined SEB in April 2015 as Head of Trading before taking on an additional role as Head of Markets in September 2018.

Family of Funds

Company Programs
Asgard Fixed Income Fund

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 -24.30% 15 11 07/2021 08/2023
2 -4.68% 2 2 02/2020 05/2020
3 -3.13% 4 6 12/2017 09/2018
4 -2.38% 2 3 10/2018 02/2019
5 -1.70% 1 1 02/2021 03/2021

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.65%1.41%1.44%0.98%0.37%
% Positive100.00%100.00%83.33%66.67%58.33%
Avg. Pos. Period1.65%1.41%2.18%2.75%2.33%
Avg. Neg. Period - - -2.16%-2.42%-2.26%
Sharpe Ratio11.468.582.631.160.49
Sortino Ratio0.000.005.351.830.64
Monthly Volatility0.50%0.57%1.92%3.06%2.96%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.96%-7.28%0.49%0.54%2.35%62.34%
3 Months 16.58%-8.87%1.48%1.19%5.02%65.33%
6 Months 19.87%-15.26%3.01%3.21%8.74%70.83%
1 Year 36.76%-22.66%5.82%7.49%18.72%74.24%
2 Years 27.05%-19.59%8.31%10.62%26.39%72.22%
3 Years 31.13%-8.89%14.14%10.40%14.42%88.10%
5 Years 39.62%-2.32%24.64%24.60%39.27%94.44%

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

Asgard Fixed Income Risk Premia is an Irish-domiciled fund managed by Copenhagen-based Asgard Asset Management A/S, the investment manager of one of the most successful fixed-income hedge funds in the Nordics – Asgard Fixed Income Fund. The fund is managed by Morten Mathiesen, Jesper Obeling Kring, Kenny Friis Gade, Edi Zulfaj and Bo Michael Andersen. Asgard Fixed Income Risk Premia specializes in carry/roll strategies and relative value strategies.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureICAV
Fund DomicileIreland
Minimum Investment100,000 EUR
AUM906M EUR
Inception DateOct 2017
Management Fee1.25%
Performance Fee15.00%

Company Information

CompanyAsgard Asset Management
PrincipalKasper Ullegård
Investor RelationsKasper Ullegård, CEO
AddressLandgreven 3
København K, 1301
Phone
E-mail[email protected]
Websitewww.asgardam.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 1.27 2.35 3.65
2023 3.35 2.47 -2.91 3.55 -1.40 3.80 2.63 3.38 1.47 0.42 1.62 1.32 21.30
2022 -1.34 -7.28 -0.04 -1.68 -3.99 -1.83 -0.44 0.65 -7.10 6.96 5.47 3.34 -8.04
2021 1.93 -1.70 1.92 1.02 0.03 0.14 -0.47 -0.10 -1.56 -2.40 -1.32 1.79 -0.84
2020 3.23 -0.56 -4.14 3.49 3.52 2.04 2.77 1.34 0.84 0.22 2.32 0.24 16.13
2019 0.63 2.61 1.35 1.23 -0.11 2.00 0.54 0.24 -1.00 0.62 0.05 -0.37 8.01
2018 -0.86 -0.51 -1.40 1.16 0.51 -0.58 0.17 1.10 0.88 -1.04 -1.35 1.43 -0.55
2017 -1.31 1.83 -0.39 0.10

Portfolio Managers

Morten Mathiesen, CIO at Asgard Asset Management, has been a key manager with the Asgard Fixed Income Fund dating back to its inception in 2003. He has been ultimately responsible for the investment strategy since March 2008. In 2011, he launched Asgard Asset Management based in Copenhagen, Denmark.

Kenny Friis Gade joined Asgard Asset Management as Deputy Chief Investment Officer on March 1, 2023 after about eight years at SEB, where he worked as Head of Trading and Head of Markets. Before joining SEB in 2015, Friis worked at Nykredit Asset Management for more than ten years. He served as chief portfolio manager of Nykredit’s fixed-income-focused hedge fund strategies Mira and Kobra. He then joined SEB in April 2015 as Head of Trading before taking on an additional role as Head of Markets in September 2018.

Family of Funds

Company Programs
Asgard Fixed Income Fund

Return Statistics

Last Month Return -
3 Month Return 5.02%
Year to Date Return 3.65%
12 Month Return 18.72%
36 Month Return 14.42%
Total Return Annualized 5.75%
Winning Months (%) 62.34%
Average Winning Month 1.82%
Average Losing Month -1.70%
Total Return Cumulative 43.17%

Risk Statistics (12M)

1 Year
Sharpe Ratio2.63
Sortino Ratio5.35
Sterling1.45
Calmar6.43
Skewness-1.18
Kurtosis1.76
Maximum Drawdown-2.91%
Correlation vs S&P 5000.11
Annualized Volatility6.64%
Annualized Down. Deviation2.62%

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 -24.30% 15 11 07/2021 08/2023
2 -4.68% 2 2 02/2020 05/2020
3 -3.13% 4 6 12/2017 09/2018
4 -2.38% 2 3 10/2018 02/2019
5 -1.70% 1 1 02/2021 03/2021

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return1.65%1.41%1.44%0.98%0.37%
% Positive100.00%100.00%83.33%66.67%58.33%
Avg. Pos. Period1.65%1.41%2.18%2.75%2.33%
Avg. Neg. Period - - -2.16%-2.42%-2.26%
Sharpe Ratio11.468.582.631.160.49
Sortino Ratio0.000.005.351.830.64
Monthly Volatility0.50%0.57%1.92%3.06%2.96%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 6.96%-7.28%0.49%0.54%2.35%62.34%
3 Months 16.58%-8.87%1.48%1.19%5.02%65.33%
6 Months 19.87%-15.26%3.01%3.21%8.74%70.83%
1 Year 36.76%-22.66%5.82%7.49%18.72%74.24%
2 Years 27.05%-19.59%8.31%10.62%26.39%72.22%
3 Years 31.13%-8.89%14.14%10.40%14.42%88.10%
5 Years 39.62%-2.32%24.64%24.60%39.27%94.44%

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.