- Advertisement -
- Advertisement -

Related

Catella Head Departs

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Catella Fonder has recently announced the decision to shut down its long/short equity fund, Catella Nordic Long/Short Equity, ten years after its launch in December 2010. In a separate announcement, Catella also announced that Thomas Elofsson (pictured), Head of Portfolio Management, is leaving his role during the month of February.

“We would like to thank Thomas for his contributions over the years he has worked with us,” Catella Fonder wrote in a press release last week. Elofsson joined Catella in September of 2016 from Skandia, where he was head of Investment Strategy within Skandia Investment Management (SIM), deputy CEO and a member of the SIM senior management team. He had worked at Skandia Liv, Länsförsäkringar VN, Västernorrlandsfonden, Erik Penser, Danske Bank, Handelsbanken, and SEB Fonder. Following Elofsson’s departure from Catella, portfolio manager Anders Wennberg is set to take over the mandates where Elofsson had portfolio management responsibilities.

“We would like to thank Thomas for his contributions over the years he has worked with us.”

Earlier this month, Catella Fonder announced the liquidation of its long/short equity fund following free consecutive years of losses. “The reason for the decision is based on the fact that assets under management have become far too low to conduct cost-effective management in the long term, as a result of unsatisfactory value development,” Catella Fonder said in a press release. Catella Nordic Long/Short Equity will be put into liquidation as of February 26.

Catella Fonder also announced the launch of two Luxembourg-domiciled property funds, one index fund and an actively-managed fund. The property index fund is a rules-based, passive vehicle tracking the Nasdaq Catella Sweden Property Index, an index co-developed by Catella and Nasdaq that focuses on the largest listed property management companies in Sweden. The actively-managed property fund, called Catella Systematic Property Fund Active, employs a systematic approach in an attempt to outperform its Nasdaq Catella Sweden Property Index.

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

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

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.