Stockholm (HedgeNordic) – Swedish asset manager Lannebo Fonder has hired two top-ranked sell-side real estate analysts from ABG Sundal Collier and Danske Bank, Tobias Kaj and Philip Hallberg, to manage a soon-to-be-launched equity fund called Lannebo Fastighetsfond. Set to launch on September 15, Lannebo Fastighetsfond will invest in listed Nordic construction and real estate companies and will have the opportunity to take both long and short positions.
“Our goal is for Lannebo’s real estate fund to be a pointed and attractive alternative for all savers who want exposure to the real estate sector.”
“Our goal is for Lannebo’s real estate fund to be a pointed and attractive alternative for all savers who want exposure to the real estate sector,” says Tobias Kaj, who has 20 years of stock market experience and joined Lannebo from ABG Sundal Collier. Kaj and Hallberg have been ranked among Sweden’s best three real estate analysts by Prospera in recent years. “Tobias and Philip are incredibly skilled stock analysts who have proven themselves time and time again,” comments Jessica Malmfors, the CEO of Lannebo. “We are very proud that we got them to join us at Lannebo to start their journey as fund managers.”
The UCITS-compliant Lannebo Fastighetsfond can take long and short positions in the real estate sector and will seek to maintain a net market exposure between 90 and 100 percent. The ability to short makes Lannebo Fastighetsfond a one-of-a-kind fund in the Swedish real estate market, according to Lannebo. The fund’s portfolio will comprise between 20 to 30 companies.
“Lannebo Fastighetsfond Select is an excellent alternative for smaller institutions and private individuals who have more capital to invest and are looking for exposure to real estate.”
Lannebo Fonder plans to launch a second real estate fund later this autumn, Lannebo Fastighetsfond Select. Registered as an alternative investment fund, Lannebo Fastighetsfond Select will maintain an even more concentrated portfolio and enable more room for maneuver for the fund managers. “Lannebo Fastighetsfond will primarily target private and pension savers, while Lannebo Fastighetsfond Select is an excellent alternative for smaller institutions and private individuals who have more capital to invest and are looking for exposure to real estate,” says Jessica Malmfors.