Fund of the month May 2016: DNB TMT Absolute Return

Fund Strategy
The DNB TMT Absolute Return Fund is a UCITS global equities long/short hedge fund focused on the sectors telecom, media and technology (TMT). The team screens more than 500 companies within the universe, covering 300+ of those in detail before entering into a position (either long or short) in approximately 110 stocks. The fund is fundamentally equity market neutral with a net market exposure of +/- 20%. Looking for long-term trends within the TMT universe the team tries to identify stocks that are positioned best and worst, respectively, towards changing industry trends. The TMT sectors are characterized by a rapid change, which benefits certain business models while being disruptive for others. Understanding the industry themes and trends is a critical part of the investment
process and forms the basis for the stock screening process. A comparable strategy has been executed successfully by the management team in an offshore hedge fund since 2007.

Fund Chart


Fund Facts
Inception date: December 12th 2010
AuM: EUR 141.4 millionDNB_logo
Sharpe ratio: 0.84
Volatility: 7.71%
1 month performance: 1.16%
3 month performance: 7.81%
12 month performance: 9.15%
YTD performance: 5.18%
Ann. perf. since inception: 3.74%
(All data as of April 30th 2016)

Portfolio Manager
Tandberg-Johansen is the head of the Global Technology Team at DNB Asset Management. He makes use of an experienced team of specialists in pursuing a long-short strategy for the fund. Tandberg-Johansen has been portfolio manager at DNB since 1998 and has many years of experience in the area of technology and telecommunications investment. In addition to the DNB TMT Absolute Return fund, Tandberg-Johansen‘s team also successfully manages leading long-only strategies such as the DNB Technology Fund. Tandberg- Johansen holds a BA in Finance from the Norwegian School of Management (BI).

For more information click here.