- Advertisement -
- Advertisement -

DNB to Bolster Absolute Return Offering

- Advertisement -

Stockholm (HedgeNordic) – DNB Asset Management announced plans to expand its range of absolute returns strategies with the upcoming launch of DNB Fund Multi Asset. The soon-to-be-launched fund will invest across several markets such as equities, currencies, rates and credit by blending both discretionary and systematic strategies.

“With a strong belief in the merits of absolute return strategies, DNB are excited to be extending our absolute return offering through the upcoming launch of DNB Fund Multi Asset,” writes Lena Öberg (pictured), who focuses on manager selection within Absolute Return Investments at DNB. “Through access to non-traditional return drivers and active strategy allocation, DNB Fund Multi Asset will seek to offer investors a valuable source of return and provide diversification benefits that do not rely on a negative correlation between equities and bonds which is generally the case in traditional balanced funds,” she adds.

DNB Asset Management’s existing absolute return offering includes DNB TMT Absolute Return and DNB ECO Absolute Return, both launched in late 2010 with an ambition to manage equity long/short strategies with market-neutral exposure. DNB TMT Absolute Return maintains a close to zero beta portfolio of stocks in the global telecom, media and technology sectors to capture alpha regardless of equity markets are heading. The market-neutral equity fund’s EUR share class, which is reflected in the Nordic Hedge Index, delivered an annualized return of 3.2 percent since launching in December of 2010. The fund’s NOK share class generated an annualized return of 4.7 percent over the same period.

DNB Fund Multi Asset will employ both long-only and long-short strategies, as well as relative-value trades. The portfolio management will rely on the expertise of multiple investment teams within DNB Asset Management. “Considering the low bond yields we currently have, we believe the benefits of diversifying a broader portfolio with non-traditional return drivers will prove an efficient way to provide downside protection,” concludes Öberg.

close

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

January: Mirror Image of 2022 for Nordic CTAs

Stockholm (HedgeNordic) – The average return of the eight “CTA” constituents of the Nordic Hedge Index that had positive performance in 2022 was 14.4...

Did Energy Prices Cause This Inflation Surge?

Copenhagen – (Jesper Rangvid): You often hear that soaring energy prices, caused by supply-chain disruptions resulting from the pandemic and the war in Ukraine,...

UB Launches Forest-Focused PE Fund

Stockholm (HedgeNordic) – United Bankers is launching a private equity fund investing in forest and bio-based industries. The fund, named UB Forest Industry Green...

Origo’s First Ten Years on (a) Quest

Stockholm (HedgeNordic) – Long/short equity fund Origo Quest is celebrating ten years of bargain hunting in the universe of Nordic small-cap stocks. After a...

The Cycle is Back and so is Active Investing

Stockholm (HedgeNordic) – The relationship between equities and bonds has traditionally been inverse, making bonds a leading choice as a diversifier to an equities...

Alcur’s Third Win in a Row

Stockholm (HedgeNordic) – Alcur Fonder’s first hedge fund, Alcur, has been named “Hedge Fund of the Year” by Swedish business magazine Privata Affärer for...

Latest

Most Popular This Week

Voices

Request for Proposal

- Advertisement -