- Advertisement -
- Advertisement -

Related

Aktie-Ansvar Suspends Fund Trading

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – On Friday last week, Stockholm-based asset manager Aktie-Ansvar suspended the trading in most of its hedge funds amid uncertainty in the pricing of corporate bonds. The spread of COVID-19 has created extreme turbulence in financial markets, including the market for corporate bonds, which makes it difficult to value the assets held by funds accurately.

Dozens of Nordic funds active in corporate bond markets have suspended subscriptions and redemptions of fund units, as the value of their investments cannot be accurately ascertained due to high volatility and liquidity constraints. With most of Aktie-Ansvar’s hedge funds investing in corporate bonds, the trading in these funds has been suspended from March 20 until further notice. Graal, Graal Aktiehedge, Graal Offensiv and Aktie-Ansvar Multistrategi – all members of the Nordic Hedge Index – and Aktie-Ansvar Avkastningsfonden have been gated.

According to an announcement by Aktie-Ansvar, the decision was made in order “to do what is best” for unitholders. “We do this to ensure fair treatment of all clients and ensure conditions for continued good management.” Because it is not possible to find a fair and accurate value of net asset values, this temporary measure seeks to protect all investors in these funds. Aktie-Ansvar emphasized that the decision to postpone the trading of fund units is “in no way linked to outflows in the mentioned funds.”

Aktie-Ansvar’s Graal family of funds – Graal, Graal Aktiehedge and Graal Offensiv – represents a suite of low-risk products that invest in both equity and fixed-income markets. The funds managed by Philip Wendt (pictured) and Maria Ljungqvist have most of their investments in corporate bonds. Aktie-Ansvar Multistrategi, meanwhile, is a fund of funds that was invested in three different Aktie-Ansvar funds at the end of February. The fund of funds had 38.3 percent of its assets invested in Aktie-Ansvar Graal Aktiehedge at the end of February, as well as an allocation of 36.2 percent to Aktie-Ansvar Kvanthedge.

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

Sissener Expands Investment and Sales Teams with Senior Hires

Just months after bringing on Mads Andreassen as Investment Manager, Norwegian fund boutique Sissener AS continues to expand its team with two key additions....

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

Accendo-Backed SSH Secures Major Investment from Leonardo

While public and policy discussions around defence often focus on conventional weapons, many of today’s most active and frequent battles are unfolding in cyberspace....

Swedbank Robur Strengthens Private Equity Team

Swedbank Robur has appointed Lorenzo Gregory Sormani as co-portfolio manager of its private equity fund, Swedbank Robur Alternative Equity I, joining Senior Portfolio Manager...

Beyond Renewables: Coeli Fund Taps Into the Broader Electrification Race

Earlier this year, portfolio managers Vidar Kalvoy and Joel Etzler renamed their fund from Coeli Renewable Opportunities to Coeli Energy Opportunities – a move...

Three Danish Hedge Funds Recognized by the Hedge Fund Journal

Three Danish hedge funds have been recognized at the 2025 Hedge Fund Journal CTA and Discretionary Trader Awards. Two funds managed by Danske Bank...

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.