Stockholm (HedgeNordic) – Nordic Cross Asset Management, a Swedish fund management company founded in 2016 by Caram (owned by the private equity company Altor) and a group of key people from Catella Fonder, is launching two new hedge funds and an additional one in the autumn of 2017, a press release states.

The new fund launches follow on an approval from the Swedish Financial Supervisory Authority where Nordic Cross Asset Management is given authority to manage alternative investment funds and discretionary investment portfolios.

The two initial launches, Nordic Cross Stable Return and Nordic Cross Total Return Bond Fund, had already gathered more than SEK 1 billion at inception on August 22. The third fund, Nordic Cross Small Cap Edge, will be launched in the autumn of 2017.

The funds will be managed by Ulf Strömsten, Mikael Hanell, Magnus Nilsson, Fredrik Tauson and Emil Nordström (pictured) who have a background from Catella and Carnegie.

All funds will be offered in UCITS format with daily dealing and a with a clear ESG profile, Ulf Strömsten, CIO of Nordic Cross Asset Management, says.

Short descriptions of the funds below.

Nordic Cross Stable Return

The fund is an actively managed alternative multi-strategy fund investing into fixed income instruments, equities and derivatives. The fund primarily invests in the Nordics and manages risk through the use of short positions and derivatives. The fund is managed by Ulf Strömsten, Mikael Hanell, Magnus Nilsson, Fredrik Tauson and Emil Nordström.

Nordic Cross Total Return Bond Fond

The fund is a Nordic-focused, actively managed, alternative fixed income fund. Investments are primarily done through investment grade bonds. Credit and interest rate risk is managed by using derivatives. The fund is managed by Fredrik Tauson, Magnus Nilsson and Emil Nordström.

Nordic Cross Small Cap Edge

The fund is an actively managed alternative equity fund with a focus on Nordic small-cap companies. The main strategy is equity long/short and the fund manages risk through the use of short positions and derivatives. The fund will be managed by Mikael Hanell, Ulf Strömsten och Emil Nordström.

 

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Jonathan Furelid

Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

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