- Advertisement -

Related

Agenta Gets New Multi-Asset Fund Off the Ground

- Advertisement -

Stockholm (HedgeNordic) – Stockholm-based asset manager Agenta Investment Management launched a multi-asset absolute return fund at the beginning of 2019. Agenta Alternativa Investeringar, a hedge fund that predominantly makes direct and indirect investments in equities and bonds, has now joined the Nordic Hedge Index.

Agenta Alternativa Investeringar is a multi-asset absolute return fund with a broad investment mandate, which allows making both direct and indirect investments in listed and unlisted securities in various asset classes.  Since launching on the first day of January, the fund has predominantly allocated capital to Nordic bonds, Swedish equities and long/short equity funds. The fund’s investments are predominantly focused in Sweden, but its investment mandate allows investing globally as well.

Agenta Alternativa Investeringar is managed by Stefan Engström (pictured), who co-founded Agenta Investment Management with CEO Peter Agardh in 2005. According to Engström, the fund’s attractive fee structure (a 0.24 percent management fee plus 15 percent of any gains above the fund’s benchmark) combined with the low risk and uncorrelated nature of its investment strategy, is expected to “lead to superior risk-adjusted returns for investors.”

Through the end of June, Agenta Alternativa Investeringar’s net-of-fees performance since inception equals 4.3 percent. This return is in line with the average year-to-date performance of all Nordic multi-strategy hedge funds part of the NHX Multi-Strategy. This strategy sub-category within the Nordic Hedge Index was up 4.3 percent in the first half of 2019. Agenta Alternativa Investeringar registered only positive months since its launch on January 1, 2019, including the month of May, when two in every three members of the Nordic Hedge Index incurred losses for the month.

 

Welcome to the Nordic Hedge Index!

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

Atlant Strengthens Team With Portfolio Manager and CTO Hires

Swedish alternative investment boutique Atlant Fonder has made two appointments over the summer, hiring Mark Mehtonen as portfolio manager and Rikard Östback as chief...

Norselab Turns to Shipping and Energy for Its Fourth Credit Fund

Norwegian boutique Norselab Credit Management is launching its fourth fund in less than four years, expanding its credit platform into the highly cyclical shipping,...

Ridge Capital Builds Out Investment Team

Stockholm-based boutique manager Ridge Capital has strengthened its investment team with the appointments of Oliver Eliassen as Senior Portfolio Analyst and Olivia Berg Wadsten...

The Dollar, Equity Flows and the Hidden Risks in Institutional Portfolios

By Bul Ekici: AI has turned U.S. equities into a magnet for foreign capital. Once hedge ratios are taken into account, this channel matters...

Asset Adviser Appoints Frank Sørensen as Senior Strategist

Danish boutique asset manager Asset Adviser has appointed Frank Sørensen as Senior Strategist, less than a year after Stonehenge Fondsmæglerselskab, the Danish asset manager...

Elo’s Hedge Funds Stand Out in Strong First Half

Finland’s pension investors are entering a new phase as regulatory changes allow them to increase their equity exposure and raise long-term return expectations. For...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -