- Advertisement -
- Advertisement -

Related

Pacific Fund Merger Complete

Latest Report

- 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

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.