- Advertisement -
- Advertisement -

Nordea Equity HF Merges Into Multi-Asset Fund

- 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

CABA Launches ‘Flex2’ for Another Ride on the Spread Curve

Stockholm (HedgeNordic) – In December 2022, Danish boutique CABA Capital launched a closed-end fund with a three-year lifespan to capture risk premiums in Scandinavian...

Truepenny One Step Closer to Launch

Stockholm (HedgeNordic) – Truepenny Capital Management has received authorization as an investment firm and obtained license as a portfolio manager from the Swedish financial...

Rhenman Embracing Change Amid an Ever-Changing Healthcare Sector

Stockholm (HedgeNordic) – The largest equity hedge fund in the Nordics with assets under management just shy of $1 billion, the Rhenman healthcare fund,...

Inside Ilmarinen’s Approach to Hedge Fund Allocation

Stockholm (HedgeNordic) – Ilmarinen, in a tight race with Varma as Finland’s largest earnings-related pension insurance company, has emerged as a noteworthy investor in...

Nordic Hedge Fund Industry Report 2024

Stockholm (HedgeNordic) – HedgeNordic’s Nordic Hedge Fund Industry Report kicks off with an analysis of the industry’s performance across different asset size ranges. This...

BlueOrchard’s Climate Insurance PE Fund Edges Toward $100M

Stockholm (HedgeNordic) – BlueOrchard’s private equity fund dedicated to climate insurance has secured commitments of close to $30 million from two new investors, British...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets


Request for Proposal

- Advertisement -