- Advertisement -
- Advertisement -

Related

Back to the Old Home

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Carnegie’s previously announced acquisition of Carnegie Fonder has been completed. The acquisition completed under the umbrella of the newly formed Carnegie Group will complement Carnegie Investment Bank’s three business areas of investment banking, securities, and private banking with a new business area focused on asset management.

The new asset management business area consists of Carnegie Fonder and Norwegian fund company Holberg. Carnegie Fonder will operate at an arm’s length from Carnegie Investment Bank, which means Carnegie Fonder will continue to operate as an independent asset manager. With the completion of the deal, Carnegie Fonder is back in the same ownership structure that prevailed until 2016.

“Carnegie Group is a natural home for Carnegie Fonder and I am happy that the deal is now completed,” says Carnegie Fonder’s CEO, Andreas Uller. “Even with Carnegie Group as an owner, we will continue to create real value for both shareholders, partners and shareholders with first-class management,” he adds. “The deal in no way affects Carnegie Fonder’s organization or management philosophy.”

“Carnegie Group is a natural home for Carnegie Fonder and I am happy that the deal is now completed.”

In a separate process, Carnegie Fonder has taken over Swedish hedge fund boutique Nordic Cross Asset Management. As part of the takeover, one Nordic Cross hedge fund has been liquidated, a second one has been merged into a Carnegie fund, and a third one continues its journey under the Carnegie brand. The fourth Nordic Cross hedge fund, Nordic Cross Stable Return, will be merged into the long/short equity fund of fellow Swedish fund manager Norron. The merger of Nordic Cross Stable Return into Norron Select marks the completion of Carnegie Fonder’s acquisition of hedge fund boutique Nordic Cross Asset Management.

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

From Beef to Bitcoin: August’s Wild CTA Ride

In August 2025, the CTA sub-index of the Nordic Hedge Index edged lower after two positive months, reflecting mixed performance among managers. Strong gains...

Lauri Ehanti to Leave Aalto University Endowment After 14 Years

Lauri Ehanti is leaving Aalto University’s endowment fund after 14 years in various roles, most recently as Head of Investments. His responsibilities will be...

Othania’s All-In-One Fund Celebrates Five Years

Danish fund boutique Othania is celebrating the five-year anniversary of Othania Balanceret Makro, its all-in-one fund blending equity, bond, and alternatives exposure through Exchange...

Atlant Fonder Crosses SEK 10 Billion Milestone

Strong performance and steady inflows have propelled alternative fund boutique Atlant Fonder past the SEK 10 billion milestone in assets under management. Its flagship...

Nordea PM Joins Lancelot Global as Co-Manager

Lancelot Global, a long-only equity fund with flexible net exposure ranging from 60 to 120 percent, has strengthened its portfolio management team with the...

Quirky Questions – or, A Peoples Business

If asset management were only about numbers, we could all go home and let the calculators get on with it. But calculators are dull...

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.