- Advertisement -
- Advertisement -

Related

Higher Performance Fee for Opportunity

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Swedish asset manager Atlant Fonder is raising the performance fee – the cut from above-benchmark returns – for its largest fund, Atlant Opportunity. The performance-based fee, which is paid on returns exceeding the 90-day Swedish treasury bills, will be raised from 10 percent to 15 percent on June 1.

Atlant Opportunity, the largest fund under the umbrella of multi-fund boutique Atlant Fonder with SEK 5.4 billion under management, was launched in January 2016 with no performance fee. In September 2020, Atlant Fonder introduced a performance fee of ten percent for Atlant Opportunity and two other funds after several years of meeting their risk-return expectations. The asset manager’s other hedge funds charged an annual performance fee of 20 percent and the introduction of the ten-percent performance fee sought to harmonize the fee structures across all funds.

Atlant Opportunity is a market-neutral fund that can invest in corporate bonds, index derivatives, equity derivatives, and individual stocks, among other securities. With a goal to deliver an annual return that exceeds the 90-day Swedish treasury bills by at least five percentage points, Atlant Opportunity caters to savers interested in a fund with a low-volatility return profile. “The fund’s focus is on maintaining a steady and robust return, which it has done since it was launched on 1 January 2016,” according to the team at Atlant Fonder.

The fund enjoyed six consecutive years of positive returns before edging down 4.9 percent in 2022. Up 2.5 percent in the first four months of 2023, Atlant Opportunity has delivered an annualized return of 4.5 percent since inception with an annual volatility in returns of 4.2 percent. Atlant Opportunity has experienced a maximum drawdown of 7.9 percent, one of the lowest in the Nordic hedge fund universe. The fund has grown considerably since launching at the beginning of 2016, with the fund’s assets under management increasing from about SEK 60 million at the end of 2017 to over SEK 1 billion in early 2020, more than SEK 2 billion in late 2020, well over SEK 4 billion at the end of 2021 and to SEK 5.4 billion at the end of April 2023.

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

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

The Changing Role of Private Credit in a New Interest Rate Environment

During the era of near-zero or negative interest rates, traditional fixed income delivered minimal returns, prompting investors to turn to private credit for higher...

Infrastructure: Building Blocks for a Sustainable Future

Infrastructure across many parts of the world is either decades old or, in some regions, barely existent. Against this backdrop, the need for infrastructure...

Investing in Nordic Infrastructure Through Partnership with the Public Sector

Infrastructure investment is often viewed as a public sector responsibility, heavily influenced by political priorities. However, the growing need for new infrastructure projects –...

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.