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Olseninvest: AF - Performance Report September 2012
Olseninvest: AF - Performance Report September 2012
Olseninvest: AF - Performance Report September 2012
In
September,
the
ECB
succeeded
in
convincing
the
markets
that
concerns
of
a
collapse
of
the
EURO
are
overstated
and
that
the
active
stance
of
the
central
bank
will
give
governments
sufficient
time
to
restructure.
Fears
of
political
unrest
in
Europe
proved
to
be
unwarranted
to
everyones
relief.
The
sentiment
in
the
financial
markets
was
boosted
by
Ben
Bernanke's
announcement
of
another
round
of
easing
that
fuelled
a
rise
of
the
commodity
currencies.
By
the
end
of
the
month,
there
was
a
renewed
cautionary
tone
that
dragged
the
EURO
and
commodity
currencies
lower.
The
performance
of
product
profile
AF
was
nearly
flat
for
the
month
with
-0.05%:
the
unrealized
losses
on
our
long
USD
positions
have
weighed
on
our
performance.
Cumulative
Return
Return
Statistics*
Product
Profile
200%
AF
175%
150%
Positive
Months
Negative
Months
125%
MSCI
100%
Volatility
Sharpe
Ratio
Largest
Gain
Largest
Drawdown
Correlation
vs.
Equity
(MSCI)
75%
50%
Jan
06
Jan
07
Jan
08
Jan
09
Jan
10
Jan
11
Jan
12
Monthly Return
AF
Y
9.5%
10.2%
M
-
0.8%
-
-
74%
26%
12.3%
0.84
-
-
-
7.7%
1.36
7.77%
6.38%
-0.30
5%
3%
1%
-1%
-3%
Launch
Date
Initial
Investment
Benchmark
Jul
1,
2009
10'000
USD
Equity
(MSCI)
Management
Fee
Performance
Fee
0.75%
20.0%
Deposits/Withdrawals
Daily
Managed Accounts
-5%
p.a.
-7%
Jul
09
Jan
10
Jul
10
Jan
11
Jul
11
Jan
12
Jul
12
Monthly
Performance**
%
2006
2007
2008
2009
2010
2011
2012
Jan
#NV
1.88
1.27
6.15
1.48
5.15
-0.50
Feb
0.58
1.36
0.44
1.58
-0.14
0.48
0.31
Mar
1.34
3.01
2.19
-0.43
0.41
0.00
1.37
Apr
1.17
0.15
1.86
2.73
0.75
-1.13
1.05
May
1.34
-0.27
1.51
1.08
1.70
1.57
-1.54
Jun
0.84
0.37
-0.04
1.98
-0.86
0.59
1.50
Jul
1.13
2.97
2.81
0.16
0.81
-1.29
-0.55
Aug
0.88
3.93
-6.38
0.40
0.87
0.41
1.42
Sep
Oct
Nov
Dec
Year
1.29
0.13
-0.10
0.86
9.87
-1.77 -3.14
7.77
0.27 17.33
0.48
6.93
0.78
-2.23
9.46
0.05
0.53
0.53
-0.28 15.31
-0.86
1.32
2.87
-6.15
1.94
0.81
1.18
-0.28 -0.07
7.50
-0.05 ###### ###### ###### 3.00
Disclaimer
READERS SHOULD BE AWARE THAT THE INFORMATION CONTAINED HEREIN IS PROVIDED IN GOOD FAITH TO DEMONSTRATE THE PROGRESS THAT OLSEN LTD HAS MADE IN THE DEVELOPMENT OF ITS INVESTMENT
PROGRAMMES.
ANYONE CONSIDERING THE MAKING OF AN INVESTMENT IN ANY PROGRAMME OFFERED BY OLSEN LTD MUST DO SO ENTIRELY AT HIS OR HER OWN RISK. OLSEN LTD PROVIDES NO ASSURANCE AS TO THE FUTURE
PERFORMANCE
OF
ANY
OF
ITS
INVESTMENT
PROGRAMMES.
NOR
DOES
OLSEN
LTD
PROVIDE
ANY
ADVICE
REGARDING
SUCH
INVESTMENT
OR
THE
SUITABILITY
THEREOF.
THIS
INFORMATION
IS
CONFIDENTIAL
AND
IS
INTENDED
SOLELY
FOR
THE
USE
OF
THE
PERSON
TO
WHOM
IT
HAS
BEEN
DELIVERED.
THIS
INFORMATION
MAY
NOT
BE
REPRODUCED
OR
GIVEN
TO
ANY
OTHER
PERSON.
PAST
PERFORMANCE
IS
NO
GUARANTEE
OF
FUTURE
RESULTS.
THE
VALUE
OF
INVESTMENTS
MAY
FALL
AS
WELL
AS
RISE.
*
ALL
STATISTICS
ARE
NET
OF
FEES
WITH
INTEREST,
EXCEPT
VOLATILITY
AND
SHARPE
RATIO
ARE
GROSS
FEES
AND
EXCLUDE
INTEREST
PAYMENTS.
**
NUMBERS
ARE
NET
OF
FEES,
THEREFORE
PERFORMANCE
DISPLAYED
ON
OLSENINVEST.COM
SLIGHTLY
DIFFERS
FROM
THE
NUMBERS
PUBLISHED
IN
THIS
REPORT.
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