- Advertisement -
- Advertisement -

Related

Handelsbanken’s ESG-Focused Fund Joins NHX

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Handelsbanken Hållbarhet Hedge Criteria, a young hedge fund investing in companies that have a strong focus on sustainability, has joined the Nordic Hedge Index (NHX). The hedge fund has been overseen by portfolio manager Viking Kjellström (pictured), who also manages market-neutral equity hedge fund Handelsbanken Global Selektiv Hedge, since mid-September.

Handelsbanken Hållbarhet Hedge Criteria is a long/short market-neutral fund that invests in companies that have a particular focus on sustainability, whose business models are favoured by the broader fundamental shift towards a more sustainable living and environment. The fund avoids companies doing business in controversial industries such as alcohol, tobacco, commercial gaming, military equipment, pornography, and fossil fuels. As a long/short vehicle, Handelsbanken Hållbarhet Hedge Criteria can initiate short positions in companies anticipated to struggle as a result of the current shift towards sustainability, as well as companies with low or inadequate sustainability performance, weak corporate governance or other sustainability-related shortcomings. These short positions enable the fund to reduce market risk and increase the fund’s return potential.

The ESG-focused hedge fund was launched in early February of 2018 and has been managed by Viking Kjellström since September 17. Kjellström has more than ten years on the buy side in different roles and has managed Handelsbanken Global Selektiv Hedge, one of the oldest vehicles in the Nordic Hedge Index (NHX), since mid-April of 2016. Handelsbanken Hållbarhet Hedge Criteria oversees SEK 653 million in assets under management as of the end of October. Both hedge funds managed by Kjellström held up quite well during the market turbulence of October, with the oldest vehicle falling 0.2 percent and the younger fund retreating 0.5 percent last month.

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 -