- Advertisement -
- Advertisement -

Related

Kvartil’s Targeted Exposure to Unlisted Companies

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – The opportunity to invest in private, unlisted businesses via a traditional private equity structure generally comes with high fees and long lock-up periods. Swedish asset manager Quartile Fonder, known as Kvartil, is launching a special investment fund that offers targeted exposure to the unlisted companies owned by listed investment companies by neutralizing the exposure to their listed underlying holdings through short selling.

Set to launch in early March, Kvartil Liquid Private Assets will offer exposure to about 70-80 unlisted holdings by investing in listed Swedish investment companies while removing the exposure to the investment companies’ publicly-traded underlying holdings. This long/short approach to investing seeks to create pure exposure to unlisted assets owned by listed Swedish investment companies. The fund, structured as a Swedish special fund, aims to solve two main problems associated with investing in unlisted assets via traditional private equity structures: the long lock-up of capital and high fees.

“Unlisted assets both offer attractive risk-adjusted returns but also have an appealing risk profile, which is to say that they are not highly correlated with the stock market as a whole.”

“Unlisted assets both offer attractive risk-adjusted returns but also have an appealing risk profile, which is to say that they are not highly correlated with the stock market as a whole,” Quartile Fonder’s CEO, Torbjörn Olofsson, tells Bloomberg. Olofsson was a portfolio manager and partner at Brummer & Partners-backed fixed-income relative value boutique Nektar for many years. He was also the CIO and co-founder of the now-closed macro hedge fund Ambrosia. Olofsson founded Stockholm-based asset manager Kvartil in September 2018.

The open-ended Swedish special fund will cater to both institutional and retail investors, representing an inexpensive alternative to those who do not have the opportunity to invest in private equity funds. The institutional share class charges an annual management fee of 0.8 percent and requires a minimum investment of SEK 10 million, while the general share class charges a management fee of 1.5 percent and requires a minimum investment of SEK 100.000. Kvartil Liquid Private Assets will offer quarterly subscriptionsand redemptions.

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

Machine Learning Helps Lynx Constellation in Tough Trend Markets

Lynx Asset Management is best known for its flagship trend-following strategy, the Lynx Program, which celebrated its 25th anniversary this year. In late 2019,...

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

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.