Class A shares of the Svelland Global Trading Fund returned -3.41% for November, bringing its year-to-date return to 9.69%. Class B shares lost 3.23% in November for a year-to-date return of 8.93%. The fund made money on the energy transition and liquefied petroleum gas and lost money on liquefied natural gas, metals and index hedges.
The Norwegian fund's net asset value is $405.67 with a compound annual growth rate of 21.04%. It has about $388 million in assets under management.
Svelland's strategy
The Svelland fund utilizes a long/ short equity and commodities strategy, targeting an annual net return of at least 15% with low correlation to commodity and equity benchmarks.
The strategy "expresses asymmetric risk positions across commodity futures, freight derivatives...
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