Investment in funds always involves some kind of risk. Past performance is no guarantee for future performance. Fund units may go up or down in value and investors may not get back the amount invested.

Adrigo Small And Midcap LS Header Image 2022 11

Adrigo Small & Midcap L/S

An actively managed equity hedge fund investing in small & midcap Nordic companies

About Adrigo

Adrigo Small & Midcap L/S is an actively managed equity hedge fund that invests in Nordic small and mid-cap companies. The fund may invest in companies included in the Carnegie Small Cap Index, which means companies with a market capitalisation of up to approximately EUR 80 billion. The emphasis is on much smaller companies with a market capitalisation of between one and fifteen billion - companies that are often under-analysed by the larger fund companies and banks.

For the investor who wants to:

  • Invest in Nordic small and mid-cap companies
  • Diversify your investment portfolio
  • Have a fund that aims for absolute return
  • Invest for at least 5 years

Return

Per 2024-03-31 Class A Class C
NAV 210.68 2 538.53
1 month 4.45% 3.61%
YTD 7.96% 6.56%
Since inception 110.68%  
High watermark 216.34 2 538.53
Per 2024-04-05
Estimate April* 2.04% 1.65%
Indicative NAV* 214.98 2 580.41
About NAV

Performance

Adrigo Graph Mar2024 850X468

Performance November 2017 – March 2024 (Class A)

Adrigo Small & Midcap L/S

Fund type

Equity hedge fund

Inception date

Class A: 2017-11-01
Class C: 2022-05-02

ISIN

Class A: SE0010440735
Class C: SE0017133366

Benchmark

The fund does not follow any benchmark index

Deposit

Initial minimum SEK 1000

Custodian

Skandinaviska Enskilda Banken AB (publ)

Trading Day

Fund units of Adrigo Small & Midcap L/S are open for subscription and redemption on the last banking day every month.

Next Application Deadline

April 25

Risk indicator

The fund has risk class 5 out of 7, which means that it can decrease/increase sharply in value. The risk indicator assumes you keep the product for 3 years.

Lower risk

Higher risk

Lower possible return

Higher possible return

Lower risk

Higher risk

Lower possible return

Higher possible return

Fund fees

Subscription fee

0%

Redemption fee

0%

Yearly fee (Class A)

1.177%

Yearly fee (Class C)

1.18%

Performance related management fee 20% of total return exceeding STIBOR 30 days rate after deduction of fixed fee (“high water mark”).

Awards

Why Adrigo?

Why invest in Adrigo?

Adrigo aims to deliver a solid absolute returns of 8 to 16%, which means that over time we should generate a positive return regardless of market conditions. The fund has a unique mix of long holdings combined with a selective short portfolio, resulting in a fund with risk-adjusted returns. At Adrigo, we don't take unnecessary risks with your investment.

We know the Nordic market

At Adrigo, we focus on finding the gems among smaller listed companies in the Nordic market. Every year we meet over 200 interesting companies and have a close dialogue. Each position is carefully chosen to create a portfolio with a low correlation to the overall market. 

Read about our investment philosophy

Investment team

Staffan Östlin 615X405

Staffan Östlin

Portfolio Manager & CIO Adrigo

Staffan started Adrigo Small & Midcap L/S in November 2017. He has a broad investment and market expertise from leading Nordic institutions.

Axel Ekros 615X405

Axel Ekros

Analyst

Axel works as an analyst for East Capital Group funds.

Invest in Adrigo Small & Midcap L/S

Adrigo Small & Midcap L/S is available to buy in Luxembourg, Norway, Finland and Sweden.