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Carnegie Vega A

30 September 2021
135.05 kr
One day
-0.68%
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Carnegie Vega A
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About the fund

Carnegie Vega is a fund of funds that invests globally in 5-15 hedge funds where the systematic risk is judged to be low.

Fund manager

Simon Reinius

Emanuel Furubo

Buy Carnegie Vega A

Fees and trading

Management fee/year
2.61%
Minimum deposit lump-sum/monthly
0kr/0kr

Basic facts

Legal Seat
SE
Start date
2003-04-30
ISIN Code
SE0001065285

Fund data

Risk class
1
2
3
4
5
6
7
Risk category

The seven-point risk scale is common to funds in the EU. Risk category 1 represents the lowest risk but also the lowest possibility of returns. Seven is the highest risk with higher possibility of returns. The risk category is based on how the fund's value has fluctuated over the past five years.

Total risk
3.63%
Total risk

A measure of risk that measures value changes. Stated as a percentage. The higher the percentage, the higher the volatility. Calculated as the standard deviation of monthly returns for the fund during 24 months, multiplied by the square root of the number of months during the year.

Sharpe ratio
0.55
Sharpe ratio

The Sharpe ratio is a measure of risk that compares the actual return on the portfolio, minus the risk-free interest rate, to the total portfolio risk. Portfolio risk is defined as the standard deviation of returns over 24 months. This can be said to illustrate the payment you receive for the risk you take.

Churn
0.09 times/year
Churn

Churn measures how many transactions are made by the fund manager. It is defined as the lowest of the sum of purchased and sold securities, divided by the average net asset value of the fund. Churn is expressed as an annual rate.

Benchmark index
HFRX Global Hedge Fund Index
Benchmark index

The benchmark index has been used as a basis for calculating Tracking Error and Active Share. The chosen benchmark is deemed to be relevant as it corresponds well with the fund’s investment policy.

Tracking error
3.80%
Tracking error

Tracking error measures the difference in returns between a fund and its benchmark. The lower the tracking error, the more correlated the returns are to the benchmark. The higher the tracking error, the more the returns deviates from the benchmark. Reported as a percentage.

Show holding
Updated 2021-07-30

Largest holding

Sector Investment Fds Plc Healthcare Value A Cap
13.97%
BlackRock Strategic Equity HF Ltd
13.90%
Nordkinn Fixed Inc Macro Master Fd A Cap
12.14%
MontLake UCITS Platform ICAV Crabel Gemini Fd A Foun Poo Cap
11.20%
Lynx Units
9.23%
Schroder GAIA Contour Tech Eq C Cap
6.93%
Trium UCITS Platform Plc ESG Emissions Impact Fd F Cap
6.02%
Lynx Constel Fd (Bermuda) Ltd C
5.38%
Systematica Macro RV Fd Ltd Dist
5.03%
Manticore Fd Ltd IN
2.92%
Other holding
13.30%

Geographic distribution

Global
61.61%
EUR
25.09%
Sweden
13.43%
Luxembourg
-0.12%

Nav distribution

Funds
86.70%
Cash and equivalents
13.40%
Currency hedge
-0.09%