Danske Bank Asset Management

Danske Invest Fixed Income Relative Value

Strategy Description

Danske Invest Fixed Income Relative Value is an absolute return fund that invests in transferable securities, mainly in bonds and other debt instruments issued by credit institutions, companies, governments, municipalities or other public organizations in OECD countries. The strategy of the fund is to exploit opportunities and pricing anomalies within fixed income markets, taking long and short positions via, for example, bonds and financial derivative instruments. The fund utilizes to a large extent financial derivative instruments and leverage for risk taking or hedging purposes.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureAlternative Investment Fund
Fund DomicileGuernsey
Minimum Investment10,000 DKK
AUM2,926M DKK
Inception DateSep 2012
Management Fee1.00%
Performance Fee20.00%

Company Information

CompanyDanske Bank Asset Management
PrincipalBerit Behring
AddressParallelvej 17
Kongens Lyngby, 2800
Phone+45 3914 9776
E-mail[email protected]
Websitewww.danskehedge.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 4.27 2.72 -2.03 3.23 -0.25 1.71 2.85 1.88 1.91 1.19 3.73 23.18
2022 -1.45 -6.46 -2.51 -3.18 -3.13 -3.01 0.97 -1.95 -8.96 6.29 9.23 2.05 -12.70
2021 1.94 0.37 0.75 0.40 -0.07 0.41 -0.62 0.03 0.59 -1.95 -0.60 1.90 3.13
2020 0.81 -0.85 -8.67 5.73 4.55 2.62 1.68 2.09 0.51 0.31 1.90 0.58 11.08
2019 2.21 1.36 0.42 1.00 -0.09 -0.28 -0.12 -2.01 1.64 1.10 0.57 0.61 6.53
2018 0.50 0.51 -0.10 0.92 0.17 -0.77 1.00 0.07 0.52 -0.27 -0.55 -1.19 0.79
2017 1.51 1.51 1.37 0.35 1.08 1.03 0.46 0.50 0.43 0.02 0.21 0.29 9.10
2016 -1.58 -2.24 3.49 2.00 1.34 0.05 0.64 1.44 0.82 1.29 0.07 0.96 8.46
2015 3.11 1.45 -4.42 2.21 1.72 0.42 0.02 0.16 0.06 -0.33 0.76 0.38 5.48
2014 2.32 1.57 1.84 0.89 0.26 0.01 0.19 0.29 0.78 0.43 -0.02 -0.69 8.12
2013 2.13 -0.02 0.38 6.42 -1.15 -0.98 2.41 0.13 0.42 2.28 1.10 -0.36 13.28
2012 1.84 3.47 2.35 1.31 9.26

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 -26.83% 15 12 07/2021 09/2023
2 -9.45% 2 2 02/2020 05/2020
3 -4.42% 1 6 03/2015 09/2015
4 -3.78% 2 2 01/2016 04/2016
5 -2.49% 4 2 05/2019 10/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.27%2.21%1.92%0.38%0.30%
% Positive100.00%100.00%83.33%58.33%61.11%
Avg. Pos. Period2.28%2.21%2.55%3.14%2.23%
Avg. Neg. Period - - -1.14%-3.29%-2.58%
Sharpe Ratio7.389.154.050.410.38
Sortino Ratio0.000.0011.290.500.48
Monthly Volatility1.07%0.84%1.66%3.90%3.23%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 9.23%-8.96%0.61%0.51%3.73%74.07%
3 Months 18.48%-11.71%1.77%1.60%6.97%76.69%
6 Months 24.32%-18.25%3.38%3.54%14.00%83.08%
1 Year 39.04%-26.82%6.26%6.02%25.71%87.10%
2 Years 33.16%-21.87%10.73%12.74%9.58%85.71%
3 Years 39.93%-13.65%17.49%20.86%11.55%93.00%
5 Years 65.46%-8.90%31.53%33.78%29.67%97.37%

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

Danske Invest Fixed Income Relative Value is an absolute return fund that invests in transferable securities, mainly in bonds and other debt instruments issued by credit institutions, companies, governments, municipalities or other public organizations in OECD countries. The strategy of the fund is to exploit opportunities and pricing anomalies within fixed income markets, taking long and short positions via, for example, bonds and financial derivative instruments. The fund utilizes to a large extent financial derivative instruments and leverage for risk taking or hedging purposes.

Fund Information

General Information

NHX CategoryFixed Income
NHX CountryDenmark
Legal StructureAlternative Investment Fund
Fund DomicileGuernsey
Minimum Investment10,000 DKK
AUM2,926M DKK
Inception DateSep 2012
Management Fee1.00%
Performance Fee20.00%

Company Information

CompanyDanske Bank Asset Management
PrincipalBerit Behring
AddressParallelvej 17
Kongens Lyngby, 2800
Phone+45 3914 9776
E-mail[email protected]
Websitewww.danskehedge.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 4.27 2.72 -2.03 3.23 -0.25 1.71 2.85 1.88 1.91 1.19 3.73 23.18
2022 -1.45 -6.46 -2.51 -3.18 -3.13 -3.01 0.97 -1.95 -8.96 6.29 9.23 2.05 -12.70
2021 1.94 0.37 0.75 0.40 -0.07 0.41 -0.62 0.03 0.59 -1.95 -0.60 1.90 3.13
2020 0.81 -0.85 -8.67 5.73 4.55 2.62 1.68 2.09 0.51 0.31 1.90 0.58 11.08
2019 2.21 1.36 0.42 1.00 -0.09 -0.28 -0.12 -2.01 1.64 1.10 0.57 0.61 6.53
2018 0.50 0.51 -0.10 0.92 0.17 -0.77 1.00 0.07 0.52 -0.27 -0.55 -1.19 0.79
2017 1.51 1.51 1.37 0.35 1.08 1.03 0.46 0.50 0.43 0.02 0.21 0.29 9.10
2016 -1.58 -2.24 3.49 2.00 1.34 0.05 0.64 1.44 0.82 1.29 0.07 0.96 8.46
2015 3.11 1.45 -4.42 2.21 1.72 0.42 0.02 0.16 0.06 -0.33 0.76 0.38 5.48
2014 2.32 1.57 1.84 0.89 0.26 0.01 0.19 0.29 0.78 0.43 -0.02 -0.69 8.12
2013 2.13 -0.02 0.38 6.42 -1.15 -0.98 2.41 0.13 0.42 2.28 1.10 -0.36 13.28
2012 1.84 3.47 2.35 1.31 9.26

Portfolio Managers

   
No data filled

Return Statistics

Last Month Return 3.73%
3 Month Return 6.97%
Year to Date Return 23.18%
12 Month Return 25.71%
36 Month Return 11.55%
Total Return Annualized 7.30%
Winning Months (%) 74.07%
Average Winning Month 1.46%
Average Losing Month -1.80%
Total Return Cumulative 120.94%

Risk Statistics (12M)

1 Year
Sharpe Ratio4.05
Sortino Ratio11.29
Sterling2.14
Calmar12.66
Skewness-1.24
Kurtosis2.56
Maximum Drawdown-2.03%
Correlation vs S&P 5000.20
Annualized Volatility5.74%
Annualized Down. Deviation3.08%

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 -26.83% 15 12 07/2021 09/2023
2 -9.45% 2 2 02/2020 05/2020
3 -4.42% 1 6 03/2015 09/2015
4 -3.78% 2 2 01/2016 04/2016
5 -2.49% 4 2 05/2019 10/2019

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return2.27%2.21%1.92%0.38%0.30%
% Positive100.00%100.00%83.33%58.33%61.11%
Avg. Pos. Period2.28%2.21%2.55%3.14%2.23%
Avg. Neg. Period - - -1.14%-3.29%-2.58%
Sharpe Ratio7.389.154.050.410.38
Sortino Ratio0.000.0011.290.500.48
Monthly Volatility1.07%0.84%1.66%3.90%3.23%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 9.23%-8.96%0.61%0.51%3.73%74.07%
3 Months 18.48%-11.71%1.77%1.60%6.97%76.69%
6 Months 24.32%-18.25%3.38%3.54%14.00%83.08%
1 Year 39.04%-26.82%6.26%6.02%25.71%87.10%
2 Years 33.16%-21.87%10.73%12.74%9.58%85.71%
3 Years 39.93%-13.65%17.49%20.86%11.55%93.00%
5 Years 65.46%-8.90%31.53%33.78%29.67%97.37%

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.