- Advertisement -
- Advertisement -

Related

OPM Closes a FoHFs To Sharpen ESG Focus

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – OPM Multi Hedge, one of the three funds of hedge funds at Swedish alternative asset manager Optimized Portfolio Management (OPM), is in the process of closing down. Launched in mid-2018, OPM Multi Hedge maintained a portfolio of international UCITS-regulated hedge funds expected to exhibit low long-term correlation with equity markets.

“We have seen less demand for traditional funds of hedge funds over many years,” fund manager Simon Reinius (pictured) tells HedgeNordic. “Instead, we see increased demand from institutions for our OPM Vega fund, an ESG-focused fund of hedge funds,” he adds. “ESG/Sustainability together with low equity beta is now our full focus within funds of hedge funds.”

“OPM Multi Hedge is in the process of being closed down and all but one of the previous unit holders have redeemed,” analyst Emanuel Furubo, who is part of the team managing OPM’s funds of hedge funds, tells HedgeNordic. “The last unit holder is expected to exit in early June, after which the fund will be closed down.”

OPM Multi Hedge predominantly invested in leading European and American hedge fund teams that developed UCITS versions of their successful up-and-running hedge funds. The fund of funds mainly invested in hedge funds employing global macro, equity market-neutral and managed futures strategies. By investing in daily-traded hedge funds, OPM Multi Hedge offered investors daily liquidity.

At the end of August last year, another fund of hedge funds under the umbrella of OPM, OPM Absolute Managers, was merged into OPM Multi Hedge to improve management efficiency, streamline the fund range and reduce costs. OPM, which is owned by independent asset management group Carneo Asset Managers, continues to manage two other funds of hedge funds: OPM Vega and CARNEO Systematic Alpha. OPM Vega has an ESG focus, whereas CARNEO Systematic Alpha invests in global hedge funds.

All three funds of hedge funds have been managed by a team led by Simon Reinius since September of last year, following the departure of Martin Alm from OPM. OPM Multi Hedge delivered a negative cumulative return of 8.5 percent since launching in June 2018 through the end of April this year. The fund of funds was down 4.3 percent in the first four months of 2020.

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

Tidan to Launch Confluence, Its Integrated Multi-Strategy Fund

Stockholm-based Tidan Capital is preparing to launch Confluence, a new multi-strategy vehicle that brings the boutique’s internally managed strategies under one umbrella. The fund,...

State Pension Fund of Finland Sees Strong Hedge Fund Gains

The first half of 2025 brought a complex market backdrop shaped by shifting macroeconomic trends, tariffs, geopolitical uncertainty, and volatile investor sentiment. Although returns...

Espiria Rolls Out Long-Only Fund Led by Staffan Östlin

After more than a decade of picking stocks on both the long and short side, veteran fund manager Staffan Östlin is now running a...

The “Magic of Three”: Protean Select Turns Milestone into Major Allocation

Reaching the three-year mark is a key milestone and often a turning point for any emerging hedge fund. For Protean Select, the opportunistic equity...

Twelve Years On, Nordkinn Expands with Two PMs and Advisor

Twelve years after its inception, Nordkinn Asset Management is entering a new growth phase, expanding its investment team with the appointments of Arian Kalantari...

Merger Cleared: Carlsson Norén to Transition Funds to UCITS

After nearly two decades as an independent fund manager, Carlsson Norén Asset Management is joining Meriti Capital, following regulatory approval from Finansinspektionen. Its two...

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.