Adrigo Small & Midcap L/S
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.
A fund for you that 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 2023-02-28
NAV
Class A: 168.33
Class C: 2 064.14
1 month
Class A: -3,50%
Class C: -3,50%
YTD
Class A: -1,12%
Class C: -1,11%
Since inception
Class A: 68.33%
High watermark
Class A: 216.34
Class C: 2 247.33
Per 2023-03-17
Estimate March*
-0.15%
Indicative NAV*
Class A: 168.07
Class C: 2 060.98
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
March 28
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.
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Lower risk
Higher risk
Lower possible return
Higher possible return
Documents
Monthly Reports
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.
Investment team
Staffan Östlin
Portfolio Manager and CIO
Staffan started Adrigo Small & Midcap L/S in November 2017. He has a broad investment and market expertise from leading Nordic institutions.
Johan Eriksson
Portfolio Manager
Johan joined Adrigo in February 2018. He has an MSc in Business and Management and prior to Adrigo worked at Swedia Capital, Deloitte and Handelsbanken.
Axel Ekros
Research Associate
Axel is a Research Associate at Adrigo since October 2022. He has a BS in Industrial Engineering and Management.
Invest in Adrigo Small & Midcap L/S
Adrigo Small & Midcap L/S is available to buy in Luxembourg, Norway, Finland and Sweden.
Sustainability
At Adrigo we focus on long-term sustainable investments and value creation. Since our inception 5 years ago, a key dimension of our investment strategy is to have close contact and dialogue with many small and medium caps in the Nordics. We believe ownership comes with responsibilities. We advise and influence both management and board directors, with an objective to achieve higher ESG and sustainability standards.
Adrigo, as part of East Capital Group, has adopted the United Nations Principles for Responsible Investment (UN PRI) and complies with the core principles for responsible investment.
Information
*NAV is calculated on the last banking day each month, and reported after deduction of management fees. An estimate and an indicative NAV is calculated on the last banking day each week, and reported after deduction of management fees.