Nordic Investor Plans $40 Million Initial Allocation to Multi-Strategy Fund

A Nordic institutional investor is searching for a diversified multi-strategy fund, with an initial allocation of $40 million in the first year and plans to increase its investment by 20 percent annually. According to a request for proposal (RFP) on Global Fund Search, the investor is looking for a vehicle offering broad diversification across multiple investment strategies and asset classes, employing discretionary, systematic, or a combination of both approaches. The investor expects annual net returns of 7-10 percent, in line with or above global equity market return expectations. A UCITS structure is preferred, and the fund should have at least $150 million in assets under management.

Search Criteria

Universe: Well diversified across multiple strategies (e.g. equity long/short, relative value, global macro, credit, event driven, quantitative) and investment universes/asset classes
Objective: Low correlation to global equities and sound risk/portfolio management
Style: Discretionary or systematic or blend
Benchmark: No benchmark requirement
Return expectation: In line with, or preferably above, global equities: 7-10% p.a. net of fees
Track record: Returns in line with, or above, global equities (e.g. MSCI ACWI) over the measured period. Example: if global equities returned 15%, the fund should have returned 15-20% net of fees over the same period
Team: Not too driven by any house view
Liquidity: Daily

Minimum requirements

Track record: Preferably 5 years or more (strategy or fund level)
Minimum strategy/fund AUM: USD 150 Million
Daily liquidity

Investment vehicle

Preferably UCITS, or a similar fund structure that can be offered to all investors (retail and professional)
Share class without inducements (no retrocessions/kick-backs), i.e. a clean share class

Performance data

USD, Net of fees
If you submit a composite or single portfolio, please also provide the returns of the proposed fund itself
Please include returns and correlation versus global equities (e.g. MSCI ACWI) for the same period

Indicative process outline

Shortlist: Q1, 2027
Allocation: Q1/ Q2 2027

Deadline
December 02, 2026 (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 respective RFPs.