- Advertisement -
- Advertisement -

Related

Nordea Equity HF Merges Into Multi-Asset Fund

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Nordea 1 – Stable Equity Long/Short Fund, a hedge fund employing a variety of equity strategies to generate returns that exhibit a low correlation with equity markets, was merged into a multi-asset hedge fund called Nordea 1 – 10 MA Fund on the last day of September. The merger is anticipated to benefit the merging fund’s investors by creating efficiencies due to economies of scale as a result of spreading fixed costs over a larger asset base and providing investors with access to a more diversified investment approach.

Nordea 1 – Stable Equity Long/Short Fund Euro Hedged used to employ a range of strategies within the equity universe, which offered exposure to companies with relatively stable fundamentals that have been out of favor for a prolonged period of time. The merging fund, a member of the Nordic Hedge Index (NHX), has struggled to perform in recent years, with the fund recording four consecutive years of negative performance. The fund’s investors gained access to a more diversified fund employing a wider range of strategies within multiple asset classes. The two funds share a number of similarities, including comparable risk profiles, similar degree of the use of derivatives, comparable fund types and return objectives.

Nordea 1 – 10 MA Fund uses an actively managed multi-asset strategy developed in-house at Nordea, with the fund receiving the highest rating from Lipper for two metrics – total return and consistent return over a three-year horizon – in its peer group. This rating is given to the highest 20 percent of funds in each peer group. The fund produced a cumulative return of 15.4 percent in the past three years. Nordea’s 10 MA Fund employs a diversified risk premia approach and uses a bottom-up process coupled with an analysis of short-term market behavior to allocate capital to different risk premia and strategies. The fund oversees €1.82 billion in assets under management according to data provided by Morningstar.

 

Picture © wrangler—shutterstock

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

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Nordic Fund Boutiques Building Strength Through Consolidation

The Nordic asset management industry is experiencing an accelerating wave of consolidation, particularly among boutique firms, including those with roots in the hedge fund...

Hafnium Navigates Early Stress Test Following March Launch

Timing a hedge fund launch is never easy and getting it right can be make-or-break for long-term success. French-Danish duo Alexis Dubois and Victor...

Helena Nieckels to Lead Institutional Push at Merged Indecap-PriorNilsson

Helena Nieckels, former Head of Nordics at Jupiter Asset Management, is joining Indecap and PriorNilsson Fonder to focus on institutional clients. The two fund...

Ex-Velliv PM Joins Lærernes Pension

After Danish pension provider Velliv dismissed its entire alternatives team earlier this year as part of a broader strategic shift towards passive strategies, its...

Bitcoin-Focused Anna Secures Full AIFM License

Anna Asset Management, which runs a momentum-driven strategy focused on Bitcoin futures, has been granted a full license as an alternative investment fund manager...

Bright Spots Emerge Amid Difficult March for Nordic Hedge Funds

Although March already feels like a distant memory amid the turbulence of April, Nordic hedge funds also faced a challenging month back then. All...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -