- Advertisement -

Related

Taken Off the Shelf to Capture Opportunities

- Advertisement -

Stockholm (HedgeNordic) – Swedish asset manager Coeli Asset Management has launched a new concentrated long-only equity fund – Coeli European Opportunities – that will be managed by Mikael Petersson (pictured). “We have had this product on the shelf for some time, but waited for the right time to launch,” Pär Davidsson, CEO of Coeli Wealth Management, comments on the launch.

“The timing of the launch of Coeli European Opportunities plays a significant role for the fund’s development, especially from a shorter time perspective,” Coeli writes in an announcement, “as the prevailing market situation means that more and more unique investment opportunities are now emerging.” Coeli European Opportunities is a by-product of Europe-focused long/short equity fund Coeli Absolute European Equity, which is also managed by Petersson.

The portfolio manager previously worked at London-based hedge funds Lansdowne Partners and Kairos Investment Management. The new launch will benefit from Petersson’s strong network in the European market of mainly small and medium-sized companies. Coeli European Opportunities seeks to own both core holdings with good growth prospects and longer investment horizons, as well as more opportunistic holdings with a shorter investment horizon.

“The corona crisis has triggered a state of anxiety in financial markets and stock exchanges have fallen between 25-45 percent in a few weeks due to investor concerns over the state of world economy going forward,” says Lukas Lindkvist, the CEO of Coeli Asset Management. According to Lindkvist, “very large overreactions often occur even in high-quality companies” in panic-driven markets. “We do not know when stock markets will bottom out, but we know that there are already great opportunities to be found for the long term on the existing level,” Lindkvist comments on the launch of Coeli European Opportunities.

“With SEK 200 million at disposal, Mikael can now step into the market and build a very interesting portfolio during the next six months,” says Davidsson. “At present, there are attractive opportunities to acquire stakes in interesting companies at attractive valuations.” According to Davidsson, “we already seeing great demand, and the fund will soon be closed to new investors.”

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

HSBC’s Three Decades of Building Hedge Fund Portfolios

Hedge fund investing has become increasingly institutionalized and resource-intensive, requiring access to specialized managers alongside deep due diligence, portfolio construction, risk management, and ongoing...

The Benefits of Multi-Manager Portfolios in CTA Investing

At first glance, CTA investing can appear deceptively homogeneous. Many managers trade the same liquid futures markets and rely on systematic, trendfollowing models that...

Why Some Nordic Allocators Prefer Multi-Strategy Hedge Funds

Many institutional allocators spend years building portfolios of single-strategy hedge funds across different asset classes, geographies, and investment styles. Yet there is also a...

Allocators Seek Sharpe, Not Spectacle When Opting for Multi Managers

Global allocators are once again paying closer attention to multi-strategy and multi-manager hedge fund solutions. But unlike the years before the financial crisis, the...

Swiss Family Office Seeks $5 Million Allocation to Liquid Alternatives

A Swiss family office is seeking to allocate $5 million to liquid alternative investment strategies, including hedge funds, managed futures, commodities, and funds providing...

OP’s R2 Crystal Sees Stronger Case for Hedge Funds

For much of the past decade, hedge funds struggled to compete against strong beta-driven markets fueled by ultra-low interest rates and abundant liquidity. But...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -