- Advertisement -
- Advertisement -

Related

Pacific Fund Merger Complete

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Multi-asset, multi-strategy fund Pacific Multi Asset merged into Pacific Precious on March 23. The merger was announced in December after hedge fund house Atlant Fonder acquired fellow asset manager Pacific Fonder to strengthen its management organization, marketing organization and fund offering.

Pacific Precious is a multi-strategy fund that provides exposure to the price development of precious metals. Managed by portfolio manager Mattias Gromark (pictured), the precious metals-focused fund currently allocates one half of its portfolio to exchange-traded commodities backed by precious metals and the other half to high-quality companies active in the mining, exploration or funding of exploration projects in precious metals.

According to an announcement by Atlant Fonder, the decision to merge the two funds was made “in order to streamline our fund offering and reduce administrative costs.” Pacific Multi Asset used to operate as a liquid alternative aiming to generate targeted, absolute returns. The merging fund had been maintaining exposure to precious metals of at least 50 percent, which was one of the reasons behind the merger.

Following the completion of the merger, all investors in Pacific Multi Asset received units in Pacific Precious corresponding to the value of their previous units held in the merging fund. The merger was approved by Finansinspektionen, the Swedish Financial Supervisory Authority, on December 12. The merger had initially been scheduled to be implemented on March 16 but was delayed for a week and executed on March 23 instead.

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

Capital Four Reaches Hard Cap for Fifth Private Debt Vintage

Copenhagen-based credit specialist Capital Four has reached the hard cap of €3 billion for its fifth private debt vintage, Private Debt V – Senior....

Othania Introduces UCITS Version of All-Weather Strategy

Danish boutique asset manager Othania has assumed management of the UCITS-structured fund ØU Invest Balance KL, which will be rebranded as Othania Stabil UCITS...

Hilbert Expands Asset Management Arm

Hilbert Group, which operates an asset management business specializing in hedge funds focused on digital assets, has completed the acquisition and integration of digital...

Elementa Reaches All-Time High on 10th Anniversary

Elementa, the long/short equity fund managed by Marcus Wahlberg, was named “Rookie of the Year” at the 2015 Nordic Hedge Award, recognizing it as...

Private Markets and Equity Exposure Top Priorities for Nordic Investors

Nuveen has published the results of its annual Global Institutional Investor Survey, revealing that 58 percent of the 40 surveyed Nordic investors plan to...

Anders Augusén Joins Brummer & Partners to Lead New Pod

Brummer & Partners is preparing to launch a new pod within its Brummer Multi-Strategy, focusing on a Scandinavian-oriented discretionary fixed-income relative value and macro...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -