- Advertisement -
- Advertisement -

Related

Nordea Changes Name of European Rates Opportunity

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Just over five years after its launch, Nordea’s European Rates Opportunity Fund is being renamed Global Rates Opportunity Fund to better reflect its global exposure. While the investment universe, investment strategy and process have not changed, the new name highlights the fund’s flexibility in seizing opportunities across global fixed-income markets. Since mid-2019, the fund has delivered an annualized return of 8.8 percent without a single down year, growing its assets under management to €344 million.

“This change has been implemented to better reflect the global exposure of the fund for investors, which has always been the case since the fund’s inception in 2019,” explains the team at Nordea Asset Management. “With the markets evolving, we want to have the flexibility to exploit new opportunities without constraints. That’s why we removed the constraints on ‘a minimum two-thirds allocation to European Bonds’ and changed the name accordingly.”

“With the markets evolving, we want to have the flexibility to exploit new opportunities without constraints. That’s why we removed the constraints on ‘a minimum two-thirds allocation to European Bonds’ and changed the name accordingly.”

The investment team remains unchanged, and neither the strategy nor the investment process will be affected. The fund will officially adopt the name Global Rates Opportunity Fund at the end of March. Managed by Nordea Asset Management’s Fixed Income Rates Team (pictured), the fund has traditionally focused on capturing alpha from relative value opportunities within European covered bonds rather than relying on directional positions.

Nordea’s European Rates Opportunity Fund has delivered an annualized return of 8.8 percent since its launch in mid-2019, maintaining a perfect track record with no negative years. It was a standout performer in the Nordic fixed-income hedge fund space in 2022 with a return exceeding 10 percent, when most other funds incurred losses. After a relatively flat 2023, rebounded strongly in 2024, gaining 18.8 percent. The fund oversees about €344 million in assets under management. In mid-2024, Nordea launched a separate Global Rates Opportunity Fund, which currently oversees an additional €25 million in assets.

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

Sweden’s Hedge Fund Industry: Still a Nordic Powerhouse, But No Longer the Largest?

When strictly looking at the domicile of the management company, Sweden has been seen as home to Europe’s second-largest hedge fund hub by assets...

Protean Select’s Three-Year Track Record and What’s Next

When Pontus Dackmo and Carl Gustafsson launched their equity hedge fund, Protean Select, in early 2022, they made a clear commitment to themselves and...

Tidan’s Ambition: From One-Strategy Firm to Multi-Strategy Powerhouse

As Brummer & Partners alumni, Michal Falken and William Wilson assembled a team to launch a capital structure relative value strategy under the umbrella...

Apoteket Pension Fund’s Winning Formula: Hedge Funds as the Cornerstone

Since taking the helm as Chief Investment Officer of Apoteket’s Pension Fund in 2017, Gustav Karner has guided the €1.22 billion pension foundation to...

Mastering Supply and Demand: Svelland’s Approach to Commodities

Norwegians have long demonstrated a deep understanding of commodity markets, with national wealth rooted in natural resources such as oil, gas, hydropower, and seafood. This...

SEB’s Front-Row View on Trends Shaping the Nordic Hedge Fund Market

Like any other financial ecosystem, the Nordic hedge fund industry comprises a wide range of stakeholders — from fund managers and their investors to...

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.