- Advertisement -
- Advertisement -

Time to Share the Upside

- Advertisement -

Stockholm (HedgeNordic) – In early 2016, Swedish asset manager Atlant Fonder launched three new hedge funds charging investors zero performance fees. After meeting their risk-return expectations over the subsequent years, Atlant Fonder has now introduced a performance-based fee of ten percent on returns exceeding the 90-day Swedish treasury bills. Atlant Fonder has also decided to merge two hedge funds employing similar investment strategies.

In January 2016, Atlant Fonder launched Atlant Opportunity, Atlant Protect and Atlant Multi-Strategy. Atlant Opportunity, a market-natural fund employing equity, fixed-income and derivative strategies, and Atlant Protect, a vehicle designed specifically to protect against market crashes, had both been charging an annual management fee of one percent and no performance fees. Atlant Multi-Strategy, a fund of funds mainly investing in Atlant Fonder’s own hedge funds, had been charging a management fee of only 0.2 percent.

“Almost five years later, we see that they have been well received by the market and met the expectations for risk and return,” Atlant Fonder writes in an announcement. “We are now harmonizing the fee structures of our funds.” Starting from the beginning of September, “a performance-based fee will be introduced in the funds of 10 percent of the return that exceeds the comparison rate SSVX 90-days.” Atlant Fonder’s other hedge funds – Atlant Sharp, Atlant Edge, Atlant Stability and Atlant Stability Offensiv – all charge an annual performance fee of 20 percent.

Fund Merger

In a separate press release, Atlant Fonder announced the merger between Atlant Stability Offensiv and Atlant Opportunity. “Atlant Opportunity and Atlant Stability Offensiv are both actively-managed mutual funds by nature with a similar investment strategy and risk profile,” writes Atlant Fonder. “In order to streamline our offering and reduce administrative costs, we have decided to merge Atlant Stability Offensiv into Atlant Opportunity.”

The merging fund, Atlant Stability Offensiv, had SEK 279 million under management at the end of June, while Atlant Opportunity was the asset manager’s second-largest fund with SEK 1.56 billion under management. Finansinspektionen, the Swedish Financial Supervisory Authority, approved the merger on August 12, with the merger expected to take place on November 17.

Photo by Lukas Blazek on Unsplash

close

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

Most Popular This Week

Request for Proposal

- Advertisement -

Latest Articles

The Spectacular Unspectacular 20th Anniversary

Stockholm (HedgeNordic) – Reaching the 20th anniversary in the often short-lived and fast-paced hedge fund world is quite an achievement. In fact, some activity...

Head of Research Havnen Leaves CARN

Stockholm (HedgeNordic) – Harald Havnen is leaving CARN Capital and his role as Head of Research to join Norway’s largest pension fund advisor Gabler...

Strand to Launch the “Essential”

Stockholm (HedgeNordic) – Former hedge fund manager Eric Strand is launching the fourth fund under his own fund boutique AuAg Fonder after receiving approval...

Back to the Old Home

Stockholm (HedgeNordic) – Carnegie’s previously announced acquisition of Carnegie Fonder has been completed. The acquisition completed under the umbrella of the newly formed Carnegie...

Round Table: ETFs & Asset Management

Stockholm (HedgeNordic) – At a round table discussion that took place in Stockholm on October 17, asset managers and ETF providers discussed and answered...

Nordic Managers Win EuroHedge Nominations

Stockholm (HedgeNordic) – With Intelligence has released the first round of nominations for the EuroHedge Awards 2022, with the list featuring seven Nordic hedge...