- Advertisement -
- Advertisement -

Related

Carlsson Norén Set to Launch New Fund in 2019

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Swedish asset manager Carlsson Norén Asset Management AB plans to launch a new hedge fund vehicle that focuses on hybrid instruments between ordinary shares and debt. The new fund called Carlsson Norén Yield Opportunity received seed funding from Erik Selin Fastigheter AB owned by real estate developer Erik Selin and is scheduled to launch on the first day of next year.

Carlsson Norén Yield Opportunity will seek to exploit price inefficiencies and exploit unreasonably high risk premiums in instruments that have characteristics of both stocks and bonds, including preferred shares, convertible bonds, hybrid bonds or perpetual bonds. The fund will search for investment opportunities that can generate good returns stemming from high coupons or value appreciation. Carlsson Norén Yield Opportunity aims to serve as an alternative to the “return-free risk” available in the current low-interest rate environment.

As Fredrik Carlsson, the CEO of Carlsson Norén Asset Management, explains HedgeNordic, “The fund has two main characteristics. First, certain investments in hybrid instruments can provide a convexity of payoffs, meaning the downside is much less than the upside potential. Second, Carlsson Norén Yield Opportunity is expected to exhibit a relatively low correlation with equity and fixed-income instruments.” According to Carlsson, the portfolio team running the new fund is seeking to leverage their deep expertise and experience in macroeconomics and macro investing, as well as their knowledge in balance sheet analysis to manage the new fund.

The new hedge fund launch comes nearly ten years after Fredrik Carlsson and Martin Norén (pictured) started Carlsson Norén Macro Fund at the beginning of 2008. The flagship hedge fund invests in fixed-income markets in Nordic and G7 countries, targeting a long-term annual return of three to five times the risk-free rate by investing in investment-grade bonds.

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

Visio Sees March Pullback as “Buying Opportunity”

Visio Allocator Fund, a multi-asset, multi-strategy fund based in Finland, recorded its weakest monthly return in its near 15-year history due to a combination...

Ridge Capital’s Approach to Double-Digit Returns in High-Yield Bonds

Just over two years ago, the Nordic fund scene saw the debut of an alternative fund focused on Nordic high-yield bonds, with a flexible...

Nowo to Take Over Redgård’s World Allocation xFund

The fund management arm of Nowonomics, a digital savings platform, will take over the management of the World Allocation xFund on June 1, 2025....

High-Yield Bonds Knock Out Stocks

Nordic high-yield bonds and the managers specializing in them have delivered strong returns in recent years, even outperforming local equity markets. Jarle Sjo, Head...

EM Corporate Bonds: Could Trump’s Tariffs Create Opportunities?

By Toke Hjortshøj, Senior Portfolio Manager at Impax Asset Management: Emerging market (EM) corporate bonds are on the frontline of the tariff war that...

Infrastructure’s Role in Europe’s Transformation

As Europe accelerates its transition toward a greener and more digital future, infrastructure investment has become a cornerstone of this transformation. However, a funding...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -