- Advertisement -
- Advertisement -

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

Best-Ever Start to the Year for Nordic Hedge Funds

Stockholm (HedgeNordic) – The Nordic hedge fund industry, as indicated by the Nordic Hedge Index, has kicked off the year with its strongest performance...

“This is a Bear Market Rally”

Stockholm (HedgeNordic) – Broad stock markets have staged a solid recovery since the bear-market low of mid-October 2022. Despite the passage of nearly one...

Nasdaq Introduces Futures Tied to Swedish Small-Cap Index

Stockholm (HedgeNordic) – Nasdaq has rolled out futures linked to the OMX Sweden Small Cap 30 ESG Responsible Index. This index, and by extension,...

Norselab’s Credit Arm Eyes AUM Doubling with New Hire

Stockholm (HedgeNordic) – Norselab’s credit arm, which has grown to NOK 2.7 billion in assets under management within just 18 months since its inception,...

Nykredit’s Former Fixed Income Head to Join HP Fonds

Stockholm (HedgeNordic) – After departing from his role as Head of Fixed Income at Nykredit Asset Management six months ago, Henrik Jørgensen will be...

Swiss Wealth Manager Opens RFP for CTA Investment

Stockholm (HedgeNordic) – A Swiss wealth manager is currently searching for a CTA manager running a cross-asset class strategy with a systematic approach. The...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets


Request for Proposal

- Advertisement -