- Advertisement -
- Advertisement -

Related

Handelsbanken’s ESG-Themed Hedge Fund Runs Out of Gas

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Handelsbanken Fonder is closing down its sustainability-themed hedge fund, Handelsbanken Hållbarhet Hedge Criteria. In a letter to investors announcing the closure, Handelsbanken said the fund is closing its doors as a result of low investor demand.

Handelsbanken Hållbarhet Hedge Criteria was launched in early February of 2018 and has been managed by Viking Kjellström since September 17 last year. Kjellström took over the day-to-day management of the fund in September as the previous portfolio manager left Handelsbanken. The fund has been investing in companies with a particular focus on sustainability, whose business models were deemed to benefit from the broader fundamental shift towards a more sustainable living and environment. As a long/short market-neutral vehicle, the fund could initiate short positions in companies expected to struggle due to the same shift towards sustainability, and companies with inadequate sustainability performance, weak corporate governance or other suitability-related shortcomings.

Handelsbanken Hållbarhet Hedge Criteria generated a negative cumulative return of 11.8 percent since launching in February 2018 following several difficult months after inception. The fund lost a cumulative 13.1 percent in the first six months of operations. The fund will be closed down on September 19, and investors have the opportunity to sell their units in the fund until September 5. The fund’s existing capital has been invested in fixed-income investments pending the liquidation.

Viking Kjellström

Kjellström has also been managing Handelsbanken Global Selektiv Hedge, another market-neutral equity hedge fund under the umbrella of Handelsbanken Fonder, since mid-April of 2016. Handelsbanken Global Selektiv Hedge, one of the oldest members of the Nordic Hedge Index, gained 1.7 percent in the first seven months of 2019 following a 1.8 percent-decline last year.

 

Photo by Benedikt Geyer on Unsplash

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

Fresh Talent, New Funds: ALCUR Expands Reach in Retail Segment

After a wave of portfolio manager hires earlier this year, stock-picking fund boutique ALCUR Fonder is preparing to launch several new funds aimed at...

Quirky Questions for Kathryn Kaminski (AlphaSimplex)

Not every hedge fund conversation needs to revolve around performance charts or trade execution. In HedgeNordic’s Quirky Questions series, we look beyond the strategies to the...

Active Decisions in Passive Wrappers: Othania on ETF Innovation

Founded in early 2016 by brothers Vincent Dilling-Larsen and Christian Mørup-Larsen, Danish fund boutique Othania built its foundation on a proprietary risk model, “Tiger,”...

Rettig Appoints Crescit Manager to Oversee Hedge Fund Strategies

Simon Borgefors has joined Finnish family-owned investment company Rettig as Investment Director for hedge fund strategies in Stockholm, leaving Swedish hedge fund boutique Crescit...

€5m Ticket to Nordic High Yield From German Family Office

A German family office plans an initial €5 million commitment to a UCITS‑compliant Nordic high‑yield fund, with capacity to scale over time. According to...

From Beef to Bitcoin: August’s Wild CTA Ride

In August 2025, the CTA sub-index of the Nordic Hedge Index edged lower after two positive months, reflecting mixed performance among managers. Strong gains...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.