Annual Investment Report
At CARN we want to excel at two things – fundamental equity analysis and sustainability. These two pillars are at the core of our investment strategy and portfolio management activities. We have therefore chosen to produce a fully integrated annual investment report, covering both financial and sustainability characteristics of our investments. The ambition of the report is to further familiarize our investors with the why and the how of our investment process, as well as the portfolio outcomes of that process, both from a financial and sustainability point of view. You can find our 2021 Investment Report here.
CARN Capital manages the funds CARN Latitude (Long short) and CARN Longitude (Long only). CARN is a long term investor in sustainable companies in the Nordic region. CARN Latitude has more flexibility than CARN Longitude in terms of allocation. The latter will tend to provide close to full market exposure, providing relatively higher upside, but also higher risk. Historically, CARN Latitude has had a lower risk than the general equity market, and that can be expected to also apply relative to Longitude.
Historical Performance CARN Latitude
|VINX Nordic NOK||(12.9%)||(12.9%)||9.4%||90.0%|
|MSCI Nordic Net lcl||(12.4%)||(12.4%)||7.8%||71.3%|
|Nordic Equity Hedge (NHX)||(4.4%)||(4.4%)||4.9%||41.3%|
Numbers are net of all fees.
Numbers are net of all fees.
The track record is a combination of the equity strategy of CARN from November 2015 to November 2016 and the CARN Long Short Fund (OPA3) established November 2016. During the first period the strategy was run as a discretionary portfolio. In November 2016 the capital was consolidated into a UCITS fund. Past performance is not necessarily indicative of future results and you may not retrieve your original investment. CARN Long Short changed name to CARN Latitude November 2020.
|CARN Longitude (inception November 10, 2020)||1.2%||2.0%||(22.4%)||(12.7%)|
|VINX Nordic NOK (from November 10, 2020)||0.1%||10.1%||(12.9%)||10.5%|
Key Investor Information Document (KIID)
The Key investor information documents are specific to the different share classes of the fund. These differ due to e.g. different fee structures, and have different restrictions in terms of who may invest in them. Please contact us for more information.
CARN Latitude - NOK-R-OPA3 Norwegian | English
CARN Latitude - NOK-R-A1 Norwegian | English
CARN Latitude - NOK-R-OPA1 Norwegian | English
CARN Longitude - NOK-A1 Norwegian | English
CARN Longitude - NOK-A2 Norwegian | English
CARN Longitude - NOK-I1 Norwegian | English
Feedback and complaints
We welcome any and all feedback you may have for us. If you have ideas for improvements we should make, or you would like to file a complaint, please reach out to us by sending an email to firstname.lastname@example.org. Please see below for our policy and more information on how we process complaints.