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HP Launches Article 9 Bond Fund

Stockholm (HedgeNordic) – Danish fixed-income boutique HP Fonds has announced the launch of a long-only fixed-income vehicle that exclusively invests in green bonds. HP Invest Green Bonds is classified as an investment fund with a sustainable investment objective as described in Article 9 under the EU’s Sustainable Finance Disclosure Regulation.

“We are pleased to announce that we have now launched HP Invest Green Bonds, which invests exclusively in green bonds,” announces the team at HP Fonds, co-founded by Henrik Fournais (pictured) in 2004. “The fund is a 100% green fund. HP Invest Green Bonds is the first Danish Article 9 bond fund, which is the highest classification within sustainable investment in the EU.”

“We are pleased to announce that we have now launched HP Invest Green Bonds, which invests exclusively in green bonds.”

HP Invest Green Bonds seeks to invest in green bonds where the proceeds from the issue are used for environmental improvement initiatives according to the Green Bond Principles developed by the International Capital Market Association (ICMA). The fund can invest in government, mortgage, and corporate bonds from European issuers.

HP Invest Green Bonds is part of HP’s range of unleveraged long-only fixed-income funds that collectively oversee DKK 5.4 billion under management. HP Fonds converted its HP Invest Short Danish Bonds to HP Invest Green Bonds at the end of September. The fund’s name and strategy changed on September 30, with HP Invest Short Danish Bonds’ existing investors leaving their investments in the newly-overhauled HP Invest Green Bonds. HP also manages two hedge fund strategies under the HP Hedge umbrella. HP Hedge Danish Bonds and HP Hedge Fixed Income collectively oversee DKK 877.6 million under management as of the end of August.

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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.

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