Canopus A different approach to the market
Canopus is an absolute return fund which is created for investors who aim to make money, rather than cover market exposure as traditional funds. Our flexibility to invest in several financial instruments enables a better risk-adjusted return Jan Petter Sissener grunnlegger og forvalter av Canopus
An investment firm with considerable knowledge and a solid track-record Through its asset management services Sissener AS provides attractive investment alternatives to private and institutional investors AUM above NOK 3 050 000 000 (pr.31.07.2018)) Sissener AS was established in 2009 by Jan Petter Sissener. The creation of the company was anchored in a strong desire to create asset management products where the manager receives a success fee only after having created a reasonable return for investors. The portfolio manager s extensive experience from financial markets represents a unique knowledge to the benefit of our investors.
The Board Inge K. Hansen Chairman Harald Elgaaen Boardmember Anders Arnkværn Boardmember Jan Petter Boardmember Helle Sissener Secretary of the board The team Asset Management team Jan Petter Sissener Partner, Managing Director and Portfolio Manager, Viktor Sandland Portfolio Manager Mathias Bedsvaag Mid/Backoffice Peder Steen Analyst Jon H. Findreng Analyst Emily Zhan Riskcontoller Sales - Administration Jon Pettersen Head of Sales Peter Wendelboe Sales Manager Siw-Heidi Thomas Administration Eirin Johansen Administration Pia Rygh Digital marketing Caroline Lium- Valmot Legal and Compliance Officer Melvin Teigen Compliance officer/administrati on
What separates Sissener Canopus form traditional funds? We have taken and will take on lower risk!. We have a global mandate and have 100% flexibility to invest in those industries and regions in the world that we deem as being most attractive. We combine stocks, bonds and derivatives in the same portfolio. If we don't find anything attractive to invest in, we stay in cash. No minimum investment exposure. Lower volatility than leading stock indices through use of derivatives. A fund with full transparency and liquidity, subject to common EU-rules (UCITS 4). Daily NAV and weekly liquidity.
Our selection criteria: The 4 H s High Liquidity High Quality High Yield High Potential
Our investment process Basic criteria for selection The critical diagnostic phase Corporate governance Evaluation of management Macro-economic framework conditions Strategic analysis Fundamental long-term analysis of return on capital and profitability The quality of the underlying figures The ability of the business model to survive, intensity of competition Identify possible value and price triggers or case indicators How is this implemented by management and decision-making bodies? Historical background Are all shareholders treated equally? Has management shown ability to exploit strategic opportunities? Has management done what it said it would? Achieved results Valuation Fundamental analysis of figures Reveal long-term normalized earnings potential Sensitivity and stress-test analysis Portfolio implementation Choice of instruments: Equities, debt instruments, derivatives Liquidity Timing and investment horizon
Mandate includes exposure to OECD area Canopus investment idea No reference index Exploit opportunities arising from financial markets imbalances and attractive pricing Primary knowledge include Norwegian, Nordic as well as international equities within the energy complex The Fund primarily invests in large, liquid companies with a solid balance sheet, predictable cash flow and good corporate governance Flexible use of financial instruments to optimize return and risk Investments anchored in fundamental analysis Cost positioning, competition positioning Expected income, debt servicing ability Corporate governance & management Initial selection criteria
The fund development so far. the hedgefund journal the hedgefund journal the hedgefund journal the hedgefund journal the hedgefund journal UCITS Hedge Awards 2014 UCITS Hedge Awards 2015 UCITS Hedge Awards 2016 UCITS Hedge Awards 2017 UCITS Hedge Awards 2018 Best performing UCITS Long/Short Equity Global Fund Best performing UCITS Long/Short Equity Global Fund Long/Short Equity Global Best Performer over a 3 Year Period Long/Short Equity Global Best Performer over a 2, 3 and 4 Year Period Long/Short Equity Global Best Performer over a 2, 3, 4 and 5 Year Period Investment firm of the year 2016 AS Gamechanger of the year Jan Petter Sissener Investment firm of the year 2017 AS Investment firm of the year 2018 AS Gamechanger of the year Jan Petter Sissener
Canopus Sissener Canopus (R) since inception compared to other indexes Since inception 30.04.2012 to 31.07.2018 160,00% 140,00% 120,00% Sissener Canopus R OSEFX STOXX Europe 600 S&P 500 Canopus Annualized return last 5 years +14,98% 100,00% 80,00% 60,00% 40,00% 20,00% 0,00% -20,00% Source: Bloomberg Historical returns are no guarantee of the future
Canopus Canopus Sissener Canopus vs. well known traditional Norwegian based Equity funds Since inception 30.04.2012 to 31-07.2018 200,00% 190,40% 180,00% 160,00% 151,07% 140,00% 120,00% 100,00% 80,00% 79,20% 81,20% 86,40% 92,40% 102,00% 103,00% 107,90% 109,80% 111,80% 112,70% 113,40% 114,00% 116,70% 119,60% 128,20% 133,30% 135,50% 60,00% 57,10% 40,00% 20,00% 0,00% Source: Morningstar Historical returns are no guarantee of the future \\\
Sissener Sirius ASA track-record vs. Dagens Næringsliv universe of Nordic mutual funds Since inception (11.06.2009 to 31.11.2014) 141,3 % 120,9 % 60,4 % 62,3 % 67,8 % 67,8 % 76,4 % 78,3 % 79,6 % 93,3 % 100,6 % 102,4 % 105,9 % Sirius AS 90,1 % 99,6 % 113,7 % Closed 31.11.2014 Kilde: Morningstar Historisk avkastning er ingen garanti for fremtidige resultater \\\
Standarddeviation (last 3 år) Risikoparameters Canopus R-Class pr. 31.07.2018 10,12% 11,72% 12,52% 10,69% Canopus OSEFX STOXX 600 S&P 500 Return 151,07 % 117,55 % 88,54 % 133,18 % Sharpe Ratio (last 3 years) 1,00 0,94 0,22 1,10 Sortino Ratio (last 3 years) 1,24 1,21 0,30 1,80 Best month 5,05 % 7,15 % 8,10 % 8,44 % Worst month -9,66 % -10,00 % -8,22 % -6,77 % Average monthly 1,27 % 1,09 % 0,90 % 1,18 % Standarddeviation (last 3 years) 9,95 % 11,66 % 12,14 % 10,79 % Canopus OSEFX STOXX 600 S&P 500 1,19 Sharpe Ratio (last 3 år) 0,82 0,93 0,13 Canopus OSEFX STOXX 600 S&P 500
Cost structure Canopus Canopus Retail Class Investment amount in NOK Subscribtion charges Annual management fee Performance fee (High watermark)* 50 000-499 999 0 % 1,75 % 20 % 500 000-999 999 0 % 1,75 % 20 % 1 000 000-1 999 999 0 % 1,75 % 20 % Canopus Institusjonell Klasse Investment amount in NOK Subscribtion charges Annual management fee Performance fee (High watermark)* 2 000 000 4 999 999 0 % 1,50 % 20 % 5 000 000 > 0 % 1,50 % 20 % Performance fee It is calculated a performance fee of 20 % of positive returns (80% of the investor and 20% to the manager ). The lower limit is set at 3-month NIBOR + 4 percentage points (total ca.5,0 % ) is calculated by High Water Mark principle. The principle "High water mark " means that the nominee can only charge a performance fee if proven fund's price (NAV) is higher than at the last load of performance fees. For investments in INSTITUTIONAL CLASS ( total investment of NOK 5,000,000, - request own cost overview). If You earn money we earn money. * Net Asset Value NAV = Calculating the funds NAV by summing the current value of all stocks, bonds and other securities (including bank deposits ) contained in the Fund's portfolio, draws from ongoing expenses such as administrative costs and other running costs, and dividing that figure by the fund total outstanding shares.
Summary Canopus is an absolute return fund Dynamic and flexible portfolio (equities, cash, bonds) Established investment philosophy within an open structure High watermark with annual reset Reasonable required rate of return Flexible subscription & redemption policy
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