- Advertisement -
- Advertisement -

Related

Atlant Unveils Fund Range Overhaul

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Shortly after acquiring Pacific Fonder and the three equity funds and two hedge funds under its umbrella, hedge fund house Atlant Fonder is currently in the process of overhauling the recently-acquired fund range.

The Stockholm-based asset manager has announced plans to merge the two hedge funds in early 2020. The firm is also in the process of liquidating two of the three equity funds, Pacific Global Dynamic and Pacific Extraordinary Brands, because of the small volume of assets under management. Commenting on the decision to liquidate the two funds, Michael Ekelund (pictured), Atlant Fonder’s CEO, says that “both funds have small asset bases and a little bit surprisingly, there has been little investor interest in Pacific Extraordinary Brands.”

The merger and closures aim to streamline Atlant Fonder’s fund offering and reduce administrative costs. “This is in line with our vision to become one of Sweden’s leading players in alternative investments,” Ekelund tells HedgeNordic.

Multi-asset, multi-strategy fund Pacific Multi Asset will be merged into Pacific Precious on March 16, 2020. Pacific Precious is a multi-strategy hedge fund that seeks to offer exposure to precious metals. Both funds represent liquid alternatives that aim to generate targeted, absolute returns. Pacific Multi Asset has been maintaining exposure to precious metals of at least 50 percent, which represents one of the reasons behind the announced merger. Finansinspektionen, the Swedish Financial Supervisory Authority, approved the merger on December 12.

The recent acquisition of Pacific Fonder brought Pacific Precious, Pacific Multi Asset and three additional equity funds under the umbrella of Atlant Fonder. Following the merger of the two Pacific hedge funds next year and the upcoming closure of the two equity funds, Atlant Fonder’s fund range will include nine funds.

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

Mapping the Finnish Hedge Fund Landscape

Beyond operating as a media platform, HedgeNordic maintains an extensive database of Nordic hedge funds and related data. Although the data is not without...

Quirky Questions for Serge Houles (Tidan Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Quirky Questions for Mette Østerbye Vejen (Caba Capital)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Solid First-Half Finish for Nordic Hedge Funds

Nordic hedge funds wrapped up the first half of the year on a solid note, delivering an average gain of 1.4 percent in June....

Brevan Howard Winds Down Volatility Fund Managed by Ville Helske

Brevan Howard Asset Management is winding down a volatility-focused hedge fund run by high-profile Finnish portfolio manager Ville Helske. Helske, formerly Head of Allocation...

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

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.