- Advertisement -
- Advertisement -

Handelsbanken’s ESG-Focused Fund Joins NHX

- 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

Rhenman’s Healthcare Fund Transitions to Article 8 Classification

Stockholm (HedgeNordic) – Since its inception in mid-2009, the Rhenman healthcare fund has focused on investing in healthcare companies, which contribute to at least...

The ART of Finding Right Tails

Stockholm (HedgeNordic) – Philosopher Nassim Nicholas Taleb coined the term ‘Black Swan’ to describe the tendency to underestimate the likelihood of extreme, hard-to-predict events,...

Cevian Acquires Stake in Swiss Insurer

Stockholm (HedgeNordic) – Swedish activist investor Cevian Capital has unveiled a 3.12 percent stake in Swiss insurer Baloise Holding AG. The stake is valued...

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...

Allocator Interviews

Latest Articles

In-Depth: High Yield


Request for Proposal

- Advertisement -