- Advertisement -
- Advertisement -

Related

Agenta Gets New Multi-Asset Fund Off the Ground

Report: Alternative Fixed Income

- 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

Asilo Argo Shifts Portfolio Focus Toward AI

Stockholm (HedgeNordic) – At Asilo Argo, portfolio managers Ernst Grönblom and Henri Blomster employ a high-conviction strategy aimed at identifying “future superstar” stocks. With...

Tessin Doubles Stake in Alfakraft Fonder

Stockholm (HedgeNordic) – Tessin, a Swedish digital investment platform for real estate financing, has agreed to double its stake in alternative asset manager Alfakraft...

Tech Power-Up for Tidan with CTO Appointment

Stockholm (HedgeNordic) – Tidan Capital has transformed from a single-strategy fund into a multi-fund boutique, a shift that demands robust technology infrastructure. To support...

Five Years In: From Quiet Start to Strong Finish

Stockholm (HedgeNordic) – Nordea Asset Management’s Copenhagen-based office is home to a team of portfolio managers and analysts dedicated to capturing relative-value opportunities in...

Month in Review – November 2024

Stockholm (HedgeNordic) – As the year approaches its end, the Nordic hedge fund industry is on track for its third-best performance on record and...

Origo Fonder Shifts Gears with Per Johansson as Co-CIO

The summer of 2024 brought an injection of momentum for fund boutique Origo Fonder, as Bodenholm founder Per Johansson joined as Co-Chief Investment Officer...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -