Svelland Global Trading Fund - Hedge Fund - First Close

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Location

London, UK

  Engineering / Process Innovations Financial Services

Pitch Deck

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Pitch Details

Svelland Capital

Svelland Capital is a commodities focused hedge fund manager headquartered in the U.K. Svelland Capital (Cayman) Ltd. serves as the Manager of the Svelland Global Trading Fund (“SGTF”).

Svelland Capital believes that there are a number of geo-political and thematic changes underway in the global energy market, and that they have a unique opportunity to pursue above market returns by managing investments in the dynamic global energy market.

Since inception, the value of invested assets in the Svelland Global Trading Fund has grown 180.77%, net of fees (audited by Apex, a 3rd party fund auditor for Svelland).

In the same period, SGTF has outperformed the S&P 500, the Bloomberg Commodity Index, and the HFRX Global Hedge Fund Index.

Disclaimer: All the information, statements and data included here are based on management (or third party) estimates, opinions and projections. These have not been independently verified by Hubble Investments or any of its affiliates. The foregoing is not a representation, warranty, or guarantee of future investment performance. Investors should conduct their own due diligence and not rely on the financial assumptions or estimates that may be displayed in the revenue and financial projections. Any expected returns or projections may not reflect actual future performance. Past performance is not indicative of future performance.

Mr. Tor Andre Svelland serves as a Director of the Fund. Mr. Svelland has over 25 years of experience in the commodity, equity, freight derivatives and physical trading industry. Prior to founding Svelland Capital, Mr. Svelland was a [trading] Desk Manager for Trafigura and an Executive Director for Goldman Sachs London Oil Desk.

Svelland Capital focuses on structural tailwinds driving value in the Commodities sector. These include a transition to a renewable energy future and managing geopolitical shocks and risks in energy interdependence.

   

Svelland Capital Global Trading Fund

Below is a summary of the investment opportunity. Interested investors should review the Svelland Global Trading Fund Prospectus for further detail.

Structure

The Svelland Capital Global Trading Fund (“Fund”) is a Cayman Islands limited liability company open-ended investment company. As an open-ended fund, the Fund has the power to issue and redeem shares.

The Fund is organized as a feeder fund and all of the Fund’s assets (to the extent not retained in cash or cash equivalents) are invested in ordinary shares of the Svelland Global Trading Master Fund (“Master Fund”).

Investment Objective

The Master Fund has a multi-strategy approach that seeks to take advantage of the historically proven volatility in the commodities, equities, foriegn exchange, bonds and freight related global markets to achieve capital appreciation with an absolute return focus

The Master Fund invests using a variety of instruments, including but not limited to, shares, convertible bonds, convertible preferred shares, warrants, equity, interest rate and credit default swaps as well as other derivative instruments, currencies, commodities, secured and unsecured debt, private equity and other unlisted investments.

Base Currency

The base currency of the Fund and the Master Fund is US Dollars. Shares are issued and redeemed in US Dollars.

Minimum Investment

The Fund typically requires an initial investment of no less than $3,000,000. However, Propel(x) investors may participate in the Fund at a minimum investment of $25,000 through a special purpose vehicle managed by Planck Fund Management Corporation, a wholly owned subsidiary of Propel(x).

We expect this opportunity will be available via Propel(x) for several quarters. There will be quarterly closings with closing amounts being invested into a special purpose vehicle, “Planck Holdings LLC - [Series Name]”, where the “Series Name” will be established on a quarterly basis and a Planck Holdings Series created for each quarterly close.

Redemption

The Fund allows for share redemption at the option of the Shareholder, subject to certain calendar restrictions and provided at least thirty (30) days prior written notice.

The Fund has certain minimum holding requirements due to which all redemption requests may not be fulfilled. For Propel(x) investors, Planck Fund Management Corporation will retain the discretion and authority to recommend (or refuse) a redemption request, recommend a partial or pro-rated redemption or make other recommendations regarding redemption.

Fees

Investors that participate via an SPV will pay fees to both Svelland Global Trading Fund and Planck Fund Management (subsidiary of Propel(x)) as described below:

Svelland Global Trading Fund Fees

Overview

  • 1.5% annual management fee (assessed monthly)
  • 15% annual performance fee (assessed annually)

Management Fee

The Manager receives from the Fund a Management Fee equal to 1/12 of 1.5 per cent per month of the Net Asset Value of the Shares (before deduction of that month’s Management Fee and before deduction for any accrued Performance Fees) as at the last Valuation Day in each month, payable in arrears.

Performance Fee

The Manager is entitled to receive a Performance Fee from the Fund calculated on a Share-by- Share basis in respect of each Calculation Period. For each Calculation Period, the Performance Fee in respect of each Share will be equal to 15 per cent of the appreciation in the Net Asset Value per Share of the relevant Series during the Calculation Period above the Base Net Asset Value per Share of that Share. The “Base Net Asset Value per Share” is the greater of the Net Asset Value per Share of the relevant Series at the time of issue of that Share and the highest Net Asset Value per Share of the relevant Series achieved as at the end of any previous Calculation Period (if any) during which that Share was in issue. The Performance Fee will be calculated by reference to the Net Asset Value before deduction for any accrued Performance Fee.

The Fund and/or the Master Fund pay the fees of the Administrator, the Depositary Services Provider, the Prime Brokers and Custodians, the Institutional Trading Counterparty and other service providers. The Fund and/or the Master Fund bears all other ongoing operating costs and expenses.

All of the above fees will be deducted directly from the invested amount.

See Svelland Global Trading Fund Prospectus for additional detail.

   

Planck Fund Management Fees

Overview

  • 1% Annual Management Fee (assessed quarterly)
  • 5% Annual Performance Fee (assessed annually)

Investors who participate in the Svelland Global Trading Fund through Propel(x) will invest via a special purpose vehicle managed by Planck Holdings, a wholly owned subsidiary of Propel(x).

The Planck quarterly management fee will be calculated by adding the previous three months of management fees from the Svelland Fund and multiplying them by two-thirds. Planck management fees will be invoiced and paid on a quarterly basis via ACH or Wire only. Checks will not be accepted.

Planck Holdings will receive from investors a performance fee of five percent (5%) on an annual basis. Planck Holdings performance fee will be calculated by multiplying the Svelland Fund annual fee by one-third and will be invoiced and paid on an annual basis via ACH or wire only. Checks will not be accepted.

Risks

Please see the Issuer Specific Risks Report for a detailed set of risks.

Team

Tor A. Svelland Founder & CIO

Tor A. Svelland has 25 years of experience within commodity, equity, freight derivatives and physical trading. From 2014 to 2016 he was the Desk Manager of the dry cargo freight desk, at Trafigura in Geneva, where he was responsible for all physical commodity, commodity derivative and commodity/freight-related-equity trading. From 2010 to 2014, Tor was the Executive Director of the Oil Desk at Goldman Sachs in London, responsible for the global freight book. Between 2005 and 2010, Tor was Head of Commodities and Head of Freight Derivatives at Carnegie and Pareto in Oslo. From 1989 to 2005, Tor held various positions within commodity and freight markets across shipping merchants, brokers and charterers, in Athens and Oslo.

Andreas Mattsson Portfolio Manager

Before joining Svelland Capital, Andreas worked on the oil derivatives desk at Trafigura, where he traded options, swaps, and futures on crude oil and all oil products. As well as proprietary trading and futures execution, he worked closely with the physical oil trading desks to monetize physical oil contracts using derivatives. From 2005 to 2009, Andreas worked on the oil options desk at Morgan Stanley. He managed the options book for Asian and European oil products and exotic options on all oil products. From 2001 to 2005, Andreas worked for Shell International Trading and Shipping, where he was a proprietary trader and an OTC market-marker on oil options

Ara Levonian Portfolio Manager

Mr Levonian has over 20 years’ experience from both the buy- and sell-side of financial markets. Before joining Svelland Capital, Mr Levonian worked as a sales trader at BGC Partners covering cross asset listed derivatives and equites, whilst offering market commentary and actionable trade ideas for institutional clients. And before this as a broker for Vantages Derivatives. From 2000 until 2013 he worked at GLC Ltd, a quantitative and macro hedge fund, where he traded FX, listed derivatives and equites for both CTA and proprietary strategies. Mr Levonian started his career in the compliance and equity products department at derivatives broker GNI Ltd in 1997.

Lars Kristoffersen Chief Operating Officer

Before joining Mr Svelland in launching Svelland Capital in 2016, Lars worked within Credit Suisse’ Prime Finance department on the Client Service desk in London from 2015-2016. Previously, from 2013-2016 Lars was Head of Fund and TPM Operations for CITE Investments. Before this, Lars worked for Glider Trading, a small commodity trading firm, from 2011-2012 as Head of Operations responsible for setting up the trading operation. From 2005-2011, Lars worked for Goldman Sachs in London, where he covered various Operations roles, primarily focused on supporting the Equity and Structured Volatility desk and Prime Brokerage Synthetic business. Lars started his career in 2004 with Royal Bank of Scotland in the Bank’s Complex Processing Unit.

Chris Menzies Head of Investor Relations

Chris joined Svelland Capital from TP ICAP where he worked as Head of Energy & Commodities Hedge Fund Sales since 2017. In this role Chris onboarded and executed fund client business across commodities, with a particular focus on bulk and metal products. Prior to this position, Chris worked to set up and launch ICAPs dry freight derivatives broking desk and establish their iron ore and coking coal derivatives offering (2012-2016). Chris began his career in 2007 at Goldman Sachs, London, spending 5 years providing risk management support to the commodities trading desks (with a focus on freight products). He also assisted in the build out of the firm’s broader commodities client electronic trading offering. Chris was awarded a BSc from Durham University and holds the IMC.

Henrik Seland Head of Research

Before joining Svelland, Henrik worked for The Sahara Forest Project AS as Finance Manager from 2013-2016. Before that, from 2011-2013 Henrik was CEO at Agilis Group and previously Executive Director in Corporate Finance for Alegro Capital that was sold to Agiliis. Henrik joined Alegro in 2005. From 2003-2005 Henrik worked within Corporate Finance and M&A for Tallenk and before that he was a Partner in the Corporate Finance department for Hartmark Consulting AS. From 1997-1998, Henrik was a Partner at Pareto Fonds AS. Before joining Pareto, from 1993-1997, Henrik was a Partner for ABG Sundal Collier Securities and a Director of Institutional Clients in the Advisory team from 1990-1993 for Delphi Economics AS. Henrik started his career in 1988 with TEKAB A/S Aktiv Aksjeradgivning progressing to Director and Portfolio Manager.

The team background detailed above was provided by the issuer and has not been verified by Planck Fund Management Corporation, Propel(x), or any of its affiliates.

Documents

NOTE: The Purchase Agreement and Term Sheet are included here as reference on the current deal terms. They are not legal agreements to be entered into by investors participating via the Propel(x) syndicate. To understand how Propel(x) syndicates work, visit our FAQ.

Webcasts

Svelland Global Trading Fund October Presentation November 01, 2022

 

Calendar

Past Events

Wednesday, October 26

9:00 AM PST

Svelland Capital Presentation

Mr. Tor Svelland will present an overview of the Svelland Global Trading Fund opportunity. Registration required.

Join: https://us02web.zoom.us/webinar/register/WN_G4ca_06bSJ-wMgCOdNUphA

Disclaimer

This communication should not be regarded as a recommendation, an offer to sell, or a solicitation of an offer to buy any financial product. Neither Propel(x), Inc. nor Hubble Investments (Member FINRA / SIPC) has performed any screening, due diligence, or verification of this information. Additionally, Hubble Investments is not assisting with raising capital or receiving any compensation from any company with a non-screened profile. All investment involves risk of loss of entire investment, and past performance is not indicative of future results. This is an offering of Syndicate interests, which will be managed by Planck Fund Management Corporation, a wholly owned subsidiary of Propel(x) Inc. Planck Fund Management Corporation will receive management fees and carry as disclosed above. The Syndicate will invest in the securities offered by Svelland Global Trading Fund, in its Hedge Fund - First Close financing.