Stockholm (HedgeNordic) – Copenhagen-based Moma Advisors A/S, investment advisor to one of the most successful fixed-income hedge funds in the Nordics, has launched Asgard Fixed Income Risk Premia with €131 million in assets under management.
With the freshly-launched fixed-income fund, Moma Advisors serves as an investment advisor and manager to three Asgard funds. The Asgard Fixed Income Fund, a relative value fixed-income hedge fund launched in July 2003, has won our “Best Nordic Fixed Income Focused Hedge Fund” award for three consecutive years, and reached the ultimate Best Nordic Hedge Fund spot at the 2015 Nordic Hedge Award ceremony. Since inception more than 10 years ago, the fund has delivered an annualized return of 14.2%. The 14-year-old fund returned 11.6% year-to-date through the end of September, ranking as the third-best performing Nordic fixed-income fund in 2017.
Asgard Fixed Income Risk Premia is an Irish domiciled fund charging a 1.25% annual management fee and a 15% performance-based incentive fee. The fund is managed by Morten Mathiesen, Jesper Obeling Kring and Jørgen Jørgensen, all of whom have been working as advisors to the Asgard Fixed Income Fund. The newly-launched fund specializes in carry/roll strategies and relative value strategies. The fund has a minimum initial subscription requirement of €100,000.