Stockholm (HedgeNordic) – Erik Eidolf, the CEO of fixed-income specialist Nordkinn Asset Management, has been appointed as a member of a new regional committee of the Standards Board for Alternative Investments (SBAI). The new regional committee focuses on the SBAI’s work in Europe, the Middle East and Africa (EMEA).
The SBAI was established in 2008 as a neutral standard-setting body for the alternative investment industry. The Standards Board is a platform bringing together managers, investors and their peers to share areas of common concern and develop practical, industry-wide solutions. The SBAI is supported by more than 130 alternative investment managers with a combined $1 trillion in assets under management and by more than 80 major institutional investors, including sovereign wealth funds, pension funds, endowments, foundations and funds of funds overseeing $3.5 trillion in assets.
Erik Eidolf is part of an 11-member committee that will address unique topics and facilitate the dialogue between asset owners, managers and regulators across the EMEA region. “Having agreed standards facilitates our due diligence and raises the quality of manager practices for the benefit of all market participants,” Elena Manola-Bonthond, who was appointed Chairman of the new regional committee, said in late June.
The SBAI’s EMEA Committee is the third regional committee following the creation of the Asia Pacific and North American Committees in 2016 and 2018, respectively. Managers from Europe account for about 35 percent of all signatories to SBAI’s standards. “What drives much of our success as a global standard-setter is the collaboration of investors and managers on our platform,” Thomas Deinet, Executive Director of the SBAI, said in late June. “We are extremely pleased to have such a strong leadership representation on the EMEA committee and excited about the impact we will make.”
Erik Eidolf is one of the founding partners of Nordkinn Asset Management, which runs Nordkinn Fixed Income Macro Fund since its launch in July of 2013. Eidolf has been engaged in the hedge fund industry since 1998. Nordkinn’s global macro fixed-income fund, one of the largest hedge funds in the Nordics with about €1.1 billion in assets under management, delivered an annualised return of 3.1 percent since its launch and achieved an inception-to-date Sharpe ratio of 1.3. Nordkinn Fixed Income Macro Fund was up 0.5 percent in the first quarter of 2020, ending the first half of the year in positive territory at 4.3 percent.