- Advertisement -
- Advertisement -

Catella HFs Go Fossil Fuel Free

- Advertisement -

Stockholm (HedgeNordic) – The absolute return funds under the umbrella of Stockholm-based asset manager Catella Fonder have gone fossil fuel-free towards the end of last year. Catella Hedgefond, Catella Credit Opportunity and Catella Nordic Corporate Bond Flex, all of which are members of the Nordic Hedge Index, no longer maintain long exposure to fossil fuel companies.

Catella’s other traditional equity and fixed-income funds had already removed fossil fuel assets from their portfolios. During 2019, Catella’s hedge funds sold positions in companies such as Flex LNG, Torm, Drilling Company of 1972, Frontline, Euronav and BW LPG. Catella Hedgefond, the asset manager’s flagship hedge fund with about €664 million in assets under management, can short companies that produce, process or transport fossil fuels. To further capitalize on the development towards a fossil fuel-free future, Catella Hedgefond has also increased its exposure to companies that seek to reduce emissions. One such example involves SSAB, which produces steel with less CO2 emissions than its peers.

“It is not only for policy and environment reasons that we are refraining from investing in fossil fuels,” says a press release by Catella Fonder. The risks associated with investing in fossil fuels have increased because of the ongoing energy transition, which represents an important reason why Catella Fonder embraced fossil fuel-free investing for its entire range of funds. “The risk premium on these types of investments and companies is rising, and we believe this trend will continue.”

 

Image by Bessi from Pixabay

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

First Non-Swedish Family Office Investment for Protean Small Cap

Stockholm (HedgeNordic) – About one year after the successful launch of their long/short equity fund Protean Select, Pontus Dackmo and Carl Gustafsson introduced a...

Atlant Högräntefond Leads Peers on Third Anniversary

Stockholm (HedgeNordic) – Around mid-March 2021, Swedish hedge fund boutique Atlant Fonder launched a UCITS-structured fixed-income fund investing in Nordic corporate bonds, drawing from...

Rhenman Welcomes Brummer & Partners Sales Veteran

Stockholm (HedgeNordic) – After close to 18 years as an institutional sales professional at Brummer & Partners, Tom Josephson is set to join healthcare-focused...

Untapped Potential in Symmetry’s Small-Cap Portfolio

Stockholm (HedgeNordic) – Small-cap-focused hedge fund Symmetry Invest has achieved an annualized return of around 20 percent over the past five years and over...

Navigating Asia-Pacific’s Transition to Sustainable Growth

Stockholm (HedgeNordic) – Emerging markets in the Asia-Pacific region, such as China, India, Indonesia, the Philippines, Thailand and Vietnam, have experienced significant economic expansion...

The Performance of US Equities in Election Years Over the Last Century

By Daniel Ung, Kartik Chawla, and Jędrzej Miklaszewski – SPDR: The 2024 US presidential election is on the horizon, and investors are keen to...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets

Voices

Request for Proposal

- Advertisement -