- Advertisement -

Related

Coeli Axes Multi Asset Fund

- Advertisement -

Stockholm (HedgeNordic) – Swedish asset manager Coeli Asset Management has announced the liquidation of Coeli Multi Asset after learning of a major investor’s intention to redeem all investments in the hedge fund. Coeli Multi Asset’s institutional share class gained a cumulative 7.8 percent in the first two years of operation, but all the gains were erased in January this year after booking a loss of 9.9 percent. Coeli Multi Asset entered into liquidation on February 4 this year.

“The decision is made as the Board has been informed that a major shareholder of the Sub-Fund is intending to redeem all of its shares in the Sub-Fund.”

“The decision is made as the Board has been informed that a major shareholder of the Sub-Fund is intending to redeem all of its shares in the Sub-Fund,” Coeli Asset Management writes in a notice to investors. “Such a redemption would affect the value of the net assets in the Sub-Fund, which would decrease below the minimum level for the Sub-Fund to be operated in an economically efficient manner,” the notice continues. The major shareholder who announced the intention to withdraw investments from Coeli Multi Asset “has committed to remain invested in the Sub-Fund until the liquidation is finalized and to bear a portion of its liquidation costs.”

Launched in January 2020, Coeli Multi Asset was designed to serve as a portfolio diversifier or fixed-income substitute by employing a combination of a dynamic systematic long/short equity strategy with an overlay of uncorrelated systematic global macro strategies. The fund launched by Stefan Åsbrink under the umbrella of Coeli Asset Management gained 4.7 percent in 2020 after ending the first quarter of that year in the green and advanced an additional 3.0 percent in 2021. Coeli Multi Asset booked a loss of 9.9 percent in the first month of this year to erase all inception-to-date gains.

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

Elo’s Slow-Moving Hedge Fund Portfolio Built Around Access

Soon after Kari Vatanen joined Finnish pension insurer Elo as Head of Asset Allocation and Alternatives, he praised the team behind the firm’s hedge...

The New Coda: From Intuition to a Unified Investment Process

Peter Andersland is best known in the Nordic hedge fund space as the co-founder of Sector Asset Management, where he remains a shareholder. While...

When Diversification Fails: Qblue’s Case for Alternative Risk Premia

The notion that a traditional 60/40 portfolio offers meaningful diversification has long been questioned by practitioners. When implementing the Total Portfolio Approach at Danish...

Tidan NOVA Profiting from Volatility Skew as Market Participants Seek Protection

Tidan Capital’s evolution into a multi-strategy platform reflects a broader effort to deliver complementary sources of alpha, with its NOVA strategy serving as a...

Extracting Alpha from the Factor Zoo Through Systematic Investing

There are multiple ways to approach equity investing and, ultimately, the pursuit of alpha. While many strategies rely on market direction or discretionary stock...

Apoteket CIO Leans on Hedge Funds for High Sharpe

Gustav Karner, Chief Investment Officer of Apoteket’s Pension Fund since 2017, has delivered one of the highest Sharpe ratios among Sweden’s largest institutional investors,...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -