Chelonia Select increased 1.99% in October. Positive effects from Hoist and Byggmax
(MarketScreener) – Since the beginning of the year, the fund has returned 21.9 percent… KEEP READING: MarketScreener
Chelonia to Embrace Long-Biased Strategy and rebranding to Chelonia Select
(HedgeNordic) – Despite securing a spot among the top 15 best-performing Nordic hedge funds this year as a market-neutral fund, Chelonia Market Neutral is changing its strategy to adopt a more net long-biased approach. With this transition, which mandates a net market exposure of at least 20 percent, the fund is rebranding itself as Chelonia Select… “The purpose of the reshuffling is to invest in shares we believe in for the long term without the need to hedge market risk or use short pairs against long positions,”… KEEP READING: HedgeNordic
New Wave främsta bidragsgivare
(Swedbank Aktiellt – Telegram) – New Wave var återigen månadens starkaste bidragsgivare. Marknadens förväntningar var för lågt ställda då bolaget lyckades bibehålla vinstmarginalen. … FORTSÄTT LÄSA: Swedbank Aktiellt – Telegram
Core Holdings Propel Chelonia To Its Best Month on Record
(HedgeNordic) – in February, primarily driven by strong performance from three core holdings: brand company New Wave, debt collection company Hoist, and defense group Saab… KEEP READING: HedgeNordic
Lyfter fram Securitas
(Nordnet) – Förvaltarna bedömer att Securitas har möjlighet att växa snabbare än marknaden och ha högre marginal än konkurrenterna.”När denna insikt blir etablerad bland investerare kommer inte vinstmultipeln att vara 7x, EV/EBIT 8x och närmare 10 procent i fritt kassaflöde för Securitas”, avslutar Angenfelt… FORTSÄTT LÄSA: Nordnet – Telegram
Ser stor potential i Hoist
(Placera) – ”Resultatet i sig var inte exceptionellt men ledningens utfästelser om nästa år borde skingra marknadens tvivel. Dels satte ledningen punkt för omstöpningen av bolaget med uppvisande av förbättringar och resultat. Dels utlovade ledningen att företaget 2024 skulle uppnå minst 15 procent i räntabilitet på eget kapital”, skriver förvaltaren… FORTSÄTT LÄSA: Placera – Telegram
Ser potentiell dubbling i New Wave
(Placera) – Gällande kursfallet i New Wave skriver förvaltaren att han tycker det var omotiverad. Detta då rapporten var betydligt bättre än vad både han och marknaden förväntade sig. Det förefaller som om investerarkollektivet inte förstår New Waves affärsmodell”, skriver förvaltaren. Avslutningsvis skriver förvaltaren att trots New Waves starka tillväxtutsikter värderar marknaden bolaget alldeles för lågt. På tre års sikt ser förvaltaren en potential till att aktien dubblas. New Wave är fortfarande fondens största position… FORTSÄTT LÄSA: Placera – Telegram
2022 är därmed det sämsta börsåret sedan finanskrisen 2008…
(Årsrapport) – Under december månad steg andelsvärdet med +1,05% samtidigt som de flesta aktiebörser utvecklades negativt mellan -3% till -9%… …Med positiva glasögon kan man möjligtvis hävda att 4% minus för 2022 är acceptabelt efter ett så turbulent år då svenska börsen fallit med -20% och Nasdaq över -30%. 2022 är därmed det sämsta börsåret sedan finanskrisen 2008… FORTSÄTT LÄSA: Förvaltaren – Årsrapport 2022
Hedgefondveteranen: Lär av mästarna – plocka fyra favoriter
(Dagens Industri) – Hedgefondförvaltaren Magnus Angenfelt har synat 99 av världens bästa investerare i jakten på hemligheten bakom deras framgångar. Nu delar veteranen med sig av sina bästa investeringsråd och lyfter fram fyra favoriter på Stockholmsbörsen… FORTSÄTT LÄSA: Dagens Industri – Aktietips
A Fundamental Formula: Focus on Valuation
(HedgeNordic) – “Before this year’s stock market fall, the stock market has risen for more than ten years in a row,” says Angenfelt. “For a long time, we have expected a weather change in the stock market,” emphasizes the deep fundamental investor, who was a co-founder, CEO, CIO and portfolio manager of Brummer & Partners-backed Manticore during the 2000-2011 period… KEEP READING: HedgeNordic
The World’s 99 Greatest Investors
(Investing by the Books by Redeye) – Magnus Angenfelt is a seasoned hedge fund manager and author of ‘The World’s 99 Greatest Investors’. Among many things, we discuss what we can learn from the best, the ideal conditions for an active investor, and how Magnus operates as a portfolio manager… KEEP READING: Investing by the Books by Redeye
Tror på avtagande medvind för fastighetssektorn under 2022
(Finwire) – Under 2021 har fonden avkastat 9,99 procent. Det framgår av en månadsrapport från fondens förvaltare Magnus Angenfelt… Avslutningsvis nämner förvaltaren att centralbanken hjälp fastighetssektorn genom att köpa företagsobligationer, något som pressat ner refinansieringskostnader. Denna medvinden menar man kommer avta framöver… FORTSÄTT LÄSA: Finwire
I skuggan av Gladiators kollaps – hedgefonderna som rusat tvåsiffrigt
(Dagens Industri) – Bland hedgefonder med lägre risk som ändå skapat relativt hög avkastning i år märks exempelvis Cheolonia, plus 10 procent, samt QQM Equity Hedge, plus 8,3 procent… FORTSÄTT LÄSA: Dagens Industri
More to Come from Byggmax
(HedgeNordic) – “Old mistakes have been fixed by the new and highly skilled management team,” says Anders Palmqvist, the CEO and CIO of Archipelago Investments – which runs Chelonia Market Neutral… KEEP READING: HedgeNordic
Aktietunga hedgefonder halvårets vinnare – ”det här har vi inte sett sedan 2009”
(Dagens Industri) – De svenska hedgefonderna har i snitt avkastat närmare 3 procent under det första halvåret. Vinnare är flera aktieinriktade fonder som rusat med 15-20 procent, medan en handfull förvaltare ligger på minus… FORTSÄTT LÄSA: Dagens Industri
Demystifying Short Selling
(HedgeNordic) – “Further, evolutionary trends, disruptive opportunities and threats impacting companies negatively play an important role when we short,” explains Angenfelt. “We believe it is easier to identify losers than winners, with potential winners often being too expensive,” he continues. “It is also less competitive as most long-only active managers primarily focus on winners. Passive funds obviously own everything in the index regardless of valuation and disruptive threats, and as a result, broken business models are often valued as business as usual. A rising tide lifts all boats,” argues Angenfelt… KEEP READING: HedgeNordic – Finding Alpha in Equities
Pangstart för hedgeveteranens doldisfond: ”Börsen är som ett smörgåsbord”
(Dagens Industri) – I ledningen för året, med tvåsiffrig avkastning, finns hedgefonder som Coeli, Prior & Nilsson samt veteranen Magnus Angenfelt med Chelonia… FORTSÄTT LÄSA: Dagens Industri – Aktietips
Ensuing Bidding War?
(HedgeNordic) – Chelonia Market Neutral’s fourth-largest holding is subject to a public takeover bid. On Thursday morning, Norway’s biggest bank DNB announced an agreement to buy its smaller peer Sbanken for a cash consideration of NOK 103.87 per share at a premium of about 30 percent over the closing price of NOK 80 on April 14. This represents the third takeover offer on Chelonia Market Neutral’s larger holdings over the past three years, besides Swedish healthcare company Capio and Danish telecom TDC… KEEP READING: HedgeNordic
Winners and Losers from WFH Trend
(HedgeNordic) – Just like any other crisis, the COVID-19 pandemic will bring a new set of corporate winners and losers in the business world. Seasoned fund manager Magnus Angenfelt (pictured), who runs equity market-neutral hedge fund Chelonia Market Neutral, discusses some winners and losers of the pandemic on investment podcast Finansräven… KEEP READING: HedgeNordic
One in Ten Nordic HF:s Among EuroHedge Award Finalists
(EuroHedge Awards) – The final list nominees for the EuroHedge Awards 2018 has been revealed, and as always, there are plenty of Nordic hedge funds among award contenders… KEEP READING: EuroHedge Awards
More Nordic Names Among EuroHedge Awards Contenders
(EuroHedge Awards) – The updated list of nominees for the EuroHedge Awards 2018 features more Nordic hedge funds both in the initial collection of award categories and the new award categories. Adrigo Small & Midcap L/S and Chelonia Market Neutral will compete for the “New Fund of the Year” award… KEEP READING: EuroHedge Awards
Nordic Hedge Fund Industry Keeps on Expanding
(HedgeNordic) – Five new hedge funds joined the Nordic Hedge Index (NHX) in September and October, bringing the total number of index constituents to 175. 26 hedge funds were added to the NHX year-to-date through October… KEEP READING: HedgeNordic
Chelonia Market Neutral Joins the NHX:
(HedgeNordic) – Chelonia Market Neutral, an equity market-neutral hedge fund managed by seasoned fund manager Magnus Angenfelt, has joined the Nordic Hedge Index (NHX). The fund was launched in December of last year under the umbrella of Stockholm-based asset manager Nordic Archipelago Investments AB… KEEP READING: HedgeNordic
A New Category for Nordic Hedge Award: Rookie of the Year
(HedgeNordic) – The Jury will be composed of: Morten Mathiesen (Asgard), Anders Palmqvist (Archipelago Investments), Peter Warren (Warren Capital), Rolf Hagekrans (Merrant), Henrik Rhenman (Rhenman & Partners). Jury members will be guided in their evaluation through a set of questions and criteria to consider and translate into a point scoring model… KEEP READING: HedgeNordic
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Chelonia Select
FOR SWEDISH PROFESSIONAL & NON-PROFESSIONAL INVESTORS,
This website is available for information purposes only and nothing on this website is intended to constitute an offer or solicitation to invest or sell of any nature in any jurisdiction, or to recommend any investment or transaction.
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