Stockholm (HedgeNordic) – After successfully running their investment philosophy of picking the “finest companies in the world” under the hood of long-only equity fund Coeli Global Select, Andreas Brock and Henrik Milton have launched two other funds relying on the same philosophy. The Stockholm-based duo has launched another long-only equity fund focused on smaller companies, and a long/short equity fund that borrows its long ideas from the long-only funds.
Launched in late 2014, Coeli Global Select focuses on investing in global champions – high-quality companies with favorable prospects – at attractive valuations. Andreas Brock and Henrik Milton have usually allocated two-thirds of their portfolio to “Champions” and up to one-third to “Special Situation” investments involving companies on the cusp of positive change. Coeli Global Select, which had nearly SEK 11 billion in assets under management at the end of 2021 and currently oversees SEK 9.7 billion, had generated an annualized return of 16.7 percent since inception through the end of last year and over 10 percent through the end of June this year in light of this year’s market moves.
“We use the same investment philosophy and process in the small-company-focused fund as for the five-star Coeli Global Select.”
Andreas Brock and Henrik Milton have recently launched Coeli Global Small Cap Select, a more diversified long-only equity fund focusing on smaller-sized companies, and long/short equity hedge fund Coeli Global Opportunities. “We use the same investment philosophy and process in the small-company-focused fund as for the five-star Coeli Global Select,” Milton explains the investment strategy behind the recently-launched long-only equity fund. “What primarily distinguishes the funds is that we can invest in companies with a lower market capitalization in the small-cap-focused fund,” he elaborates. “This is a fund idea that we have been thinking about for many years and now it feels very fun and exciting to finally be able to offer our customers a new equity fund.”
“The hedge fund Global Opportunities is most simply described as a highly concentrated equity fund that from time to time can use index futures, various derivatives and individual-security short selling to increase or decrease market exposure and take advantage of other opportunities that may appear on the world stock exchanges.”
The long/short equity hedge fund, meanwhile, can maintain a net market exposure ranging between zero and 150 percent. “The fund primarily draws its long ideas from the funds Coeli Global Select and Coeli Global Small Cap Select, but deviations can occur,” explains Brock. Coeli Global Opportunities primarily uses index futures and similar instruments to adjust its equity exposure, but can also engage in shorting-selling individual securities. The fund can selectively use options on individual shares and indices. “The hedge fund Global Opportunities is most simply described as a highly concentrated equity fund that from time to time can use index futures, various derivatives and individual-security short selling to increase or decrease market exposure and take advantage of other opportunities that may appear on the world stock exchanges,” concludes Brock.
