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RFP: Nordic Family Office Seeks High-Conviction Equity Manager

Report: Alternative Fixed Income

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Stockholm (HedgeNordic) – A Nordic family office is seeking a global equity unconstrained long-only manager to manage an allocation of €20 to €60 million, according to a request for proposal on Global Fund Search. The family office favors an active, stock-picking approach, with a preference for managers running concentrated, high-conviction portfolios.

Search Criteria

  • Universe:
    • Off-benchmark holdings allowed (no specific limit).
    • Global listed equities, Developed Markets or Developed + Emerging.
    • Benchmark: MSCI World or MSCI ACWI
  • Objective
    • To outperform the benchmark by more than 300 bps p.a.
  • Investment approach
    • Active Long-only Stock-picking focus
    • Concentrated/High-Conviction (Portfolio size, e.g. 20-40 Shares.)
    • Unconstrained
    • Tracking Error in the 3 -10 range
    • Cash Position can vary, but the target should be to be fully invested.
    • No leverage.
  • ESG
    • SFDR Article 8 preferred but not mandatory
    • UNPRI Signatory
    • Sustainability integrated into the investment process

Minimum requirements

  • Minimum track: 3 years (Composite or fund level)
  • Minimum Strategy AUM: €500 Million (Soft requirement)
  • Low PM-turnover

Investment vehicle

  • Existing daily liquidity vehicle is preferred (Up to monthly liquidity is possible)
  • A fund vehicle (e.g. UCITS or similar)
  • Domicile: No preference, European, US etc., are accepted
  • Unhedged share class

Performance data

  • EUR gross of fees to the platform (Gross and Net as an appendix, see Q3)
  • Track record must be from the actual strategy, with no adjustments or carve-outs
  • If the proposed fund has a short track record, please submit the composite to the platform and the fund track record itself in Q3

Indicative Timeline 

  • Shortlisting Q2
  • Selection Q3

Deadline
February 14th 2025 (Cut-off: Midnight CET, Expiry date inclusive)

To review the search and apply, asset managers need to register here on globalfundsearch.com and locate the RFP with ID: WGG2F.

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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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