- Advertisement -
- Advertisement -

Carlsson Norén Set to Launch New Fund in 2019

- 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

Nordic Hedge Funds Sustain Momentum

Stockholm (HedgeNordic) – Following its strongest first quarter in 15 years, the Nordic hedge fund industry sustained momentum into April. As reflected by the...

The Hands-On Approach of NCI Advisory in Debt Investing

Stockholm (HedgeNordic) – With over 45 years of expertise in structured finance and debt asset management, Jørgen Beuchert has dedicated the last 15 years...

Hedge Fund Journal: Calculo Best in Commodity Trend Following

Stockholm (HedgeNordic) – Calculo Evolution Fund, a pure commodity trend-follower based in Denmark, has been recognized as the “Best Performing Commodity Trend Follower” over...

SRV’s Multi-Pillar Fixed-Income Strategy

Stockholm (HedgeNordic) – Despite Danish mortgage bonds being widely regarded as almost risk-free, occasional spikes in risk aversion trigger significant spread widening versus government...

DBi Pioneers Cost-Efficient Access to CTA Performance

Stockholm (HedgeNordic) – Trend-following CTAs or managed futures vehicles are often seen as effective diversifiers within investment portfolios, exhibiting limited correlation to equity and...

Swiss Bank Eyes Global Equities Through Quant and Options Overlay Funds

Stockholm (HedgeNordic) – A Swiss private bank is seeking to allocate a minimum of €20 million to a fund specializing in global equities through...

Allocator Interviews

Latest Articles

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -