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Coeli Partners with Peter Norhammar for Real Estate Fund Launch

Report: Systematic Strategies

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Stockholm (HedgeNordic) – Swedish asset manager Coeli is partnering with real estate specialist Peter Norhammar and NRP Anaxo Management to launch a new long/short equity fund focused on real estate. Coeli Norhammar Property L/S Fund will operate as a Nordics-focused real estate fund that maintains a concentrated portfolio of 10 to 20 companies. The fund will have the flexibility to take both long and short positions and use a wide range of derivatives to adjust net market exposure or reduce exposure during adverse market conditions.

The fund is managed by Swedish real estate expert Peter Norhammar, who has managed real estate funds for over 20 years. Before joining NRP Anaxo Management in 2020, Norhammar served as the responsible portfolio manager for Länsförsäkringar Fastighetsfond from January 2015 to July of 2020. He also worked at Alfred Berg Kapitalförvaltning for nearly three years, including as Head of Swedish Equities and Portfolio Manager, and spent over 14 years at SEB Investment Management in various roles, including Chief Investment Officer of Swedish Equities.

Norhammar currently manages two real estate-focused funds at NRP Anaxo Management: NRP Anaxo Nordic m2 and Avanza Fastighet by Norhammar. He will now manage a third fund in a collaboration between Coeli Asset Management and NRP Anaxo Management. Coeli Norhammar Property L/S Fund is an alternative investment fund offered exclusively to Coeli’s clients and investor network, as well as institutional investors. Classified as an Article 8 fund under the SFDR, the fund incorporates an integrated and systematic approach to assessing sustainability.

“Real estate is an asset class with a very strong historical return, and it feels incredibly fun to launch a new fund together with Coeli in the unique market situation as we now see in the property market.”

Peter Norhammar, portfolio manager of Coeli Norhammar Property L/S Fund.

“For more than 20 years, I have spent most of my time analyzing and managing construction and real estate companies,” says Peter Norhammar, portfolio manager of Coeli Norhammar Property L/S Fund. “Real estate is an asset class with a very strong historical return, and it feels incredibly fun to launch a new fund together with Coeli in the unique market situation as we now see in the property market.” Coeli anticipates improvements in the property market and aims to capitalize on an expected market upswing, leveraging favorable conditions for recovery amid expected decreases in interest rates and strong fundamental developments across many real estate companies.

“Peter has deep sector expertise and extensive experience in the stock market, which is crucial in investing in the right companies that can benefit the most from the recovery.”

Erik Lundkvist, Head of Asset Management at Coeli.

“We are pleased to be able to offer our clients new investment opportunities in a sector with high return potential, with a top manager who has a long track record of outperforming the market,” comments Erik Lundkvist, Head of Asset Management at Coeli. “Real estate is among the sectors that have generated higher returns than the stock market on average over time and there is a strong driving force for growth due to the unique market situation,” he continues. “Peter has deep sector expertise and extensive experience in the stock market, which is crucial in investing in the right companies that can benefit the most from the recovery.”

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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

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