- 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.

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 Embracing Change Amid an Ever-Changing Healthcare Sector

Stockholm (HedgeNordic) – The largest equity hedge fund in the Nordics with assets under management just shy of $1 billion, the Rhenman healthcare fund,...

Inside Ilmarinen’s Approach to Hedge Fund Allocation

Stockholm (HedgeNordic) – Ilmarinen, in a tight race with Varma as Finland’s largest earnings-related pension insurance company, has emerged as a noteworthy investor in...

Nordic Hedge Fund Industry Report 2024

Stockholm (HedgeNordic) – HedgeNordic’s Nordic Hedge Fund Industry Report kicks off with an analysis of the industry’s performance across different asset size ranges. This...

BlueOrchard’s Climate Insurance PE Fund Edges Toward $100M

Stockholm (HedgeNordic) – BlueOrchard’s private equity fund dedicated to climate insurance has secured commitments of close to $30 million from two new investors, British...

Smooth Sailing in Rough Seas

Stockholm (HedgeNordic) – Gersemi Shipping Fund has emerged as a notable recent addition to the Nordic hedge fund industry. However, the founder and manager...

Absolute Returns in Impact-Screened High-Yield Market

Stockholm (HedgeNordic) – While many high-yield bond investors prioritize avoiding defaults, there is one team in the Nordics that does not shy away from...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets


Request for Proposal

- Advertisement -