- Advertisement -
- Advertisement -

Related

Listed Infra as Inflation Hedge

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Swedish asset manager Carnegie Fonder has launched a new equity fund that invests in listed companies linked to infrastructure. Managed by Mikael Tarnawski-Berlin, Carnegie Listed Infrastructure invests in railways, telecoms, water treatment and recycling companies, and other sustainable infrastructure companies providing essential services to our societies.

Discussing the advantages of listed infrastructure, Tarnawski-Berlin says that companies linked to infrastructure “have long-term stable cash flows, are cyclically independent, often protected from inflation and difficult to compete with.” Tarnawski-Berlin, who also manages actively managed equity fund Carnegie Global, says the driving forces behind the decision to launch Carnegie Listed Infrastructure are sustainability, digitalization and new needs.

“To meet the needs that exist, many countries need to catch up with years of underinvestment. We see a good long-term perspective in this type of non-cyclical investment, and for us savers, it is a way to diversify.”

“Right now, there is a huge shift towards sustainability, which means that large amounts of investments are to be reallocated towards this segment,” Mikael Tarnawski-Berlin writes in a press release by Carnegie Fonder. “In addition, we need to build infrastructure for the digital economy. We are moving larger amounts of data than ever before, and it continues to increase,” the fund manager continues. “To meet the needs that exist, many countries need to catch up with years of underinvestment. We see a good long-term perspective in this type of non-cyclical investment, and for us savers, it is a way to diversify.”

“Infrastructure is cheap right now, even though it is an area that is usually more expensive because it has a relatively low level of risk.”

As a strong proponent of value investing, Mikael Tarnawski-Berlin also argues that “infrastructure is cheap right now, even though it is an area that is usually more expensive because it has a relatively low level of risk.” Carnegie Listed Infrastructure also seeks to invest in companies that can contribute to the 17 Sustainable Development Goals (SDGs). “Companies in infrastructure are well linked with the Global Goals,” says Tarnawski-Berlin. “For example, there is a goal called “infrastructure,” but water purification, renewable energy and waste management are also specifically addressed among the objectives.”

“We invest in companies based on our timeless criteria. The companies must maintain high quality, have stable cash flows and strong and reliable counterparties.”

“We invest in companies based on our timeless criteria. The companies must maintain high quality, have stable cash flows and strong and reliable counterparties,” Tarnawski-Berlin explains the stock selection process. “In addition, we want to clearly see that the company has good future prospects, secure management and a clear connection to the sustainability goals.”

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.