- Advertisement -
- Advertisement -

Related

Volvo launch fund of hedge funds

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Volvo Car Group Investment Management, VCG IM, a subsidiary to the car manufacturer, has applied to start managing investment funds for outside investors.

The company aims to launch a fund of hedge funds for the pension trusts underlying Volvo Cars as from October 1. In a longer term perspective, the goal is to allow for management of pension capital from outside pension trusts, according to the news letter Fond & Bank.

“We focus primarily on managing hedge funds in our current mandate. Now we are looking to start a fund of hedge funds allowing for a discretionary management of underlying funds. The primary target group is the Volvo pension trusts were we want to be able to have the exact same allocations for Sweden, the UK and Belgium”, Stefan Axelsson, CEO of VCG IM says in a statement to Fond & Bank.

According to Axelsson, the current hedge fund-focused investment mandate has generated returns of 6 per cent annually during the last three years, outperforming its benchmark.

Picture: (c) by Marie A.-Becher—pixelio.de.jpg

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
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

Latest Articles

The “Magic of Three”: Protean Select Turns Milestone into Major Allocation

Reaching the three-year mark is a key milestone and often a turning point for any emerging hedge fund. For Protean Select, the opportunistic equity...

Twelve Years On, Nordkinn Expands with Two PMs and Advisor

Twelve years after its inception, Nordkinn Asset Management is entering a new growth phase, expanding its investment team with the appointments of Arian Kalantari...

Merger Cleared: Carlsson Norén to Transition Funds to UCITS

After nearly two decades as an independent fund manager, Carlsson Norén Asset Management is joining Meriti Capital, following regulatory approval from Finansinspektionen. Its two...

Symmetry Grows Almost Tenfold in 5 Years, Surpasses DKK 1 Billion

A disciplined investment strategy, strong performance, an expanded team, and a more institutionalized setup have helped long/short equity fund Symmetry Invest surpass DKK 1...

Norron Select’s Rocky Start and Swift Recovery

Off to a strong start in January, long/short equity fund Norron Select faced a challenging February, March, and early April, with its year-to-date performance...

Varma’s Hedge Funds Show Steady Performance

The first half of 2025 was far from smooth sailing for investors, hedge fund managers included. Varma, Finland’s largest hedge fund investor, nevertheless reported...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.