Nordea launches global L/S equity fund
Nordea Asset Management has launched the Nordea 1 – Global Long Short Equity Fund.
It seeks to deliver absolute return and low correlation to the returns of equity markets.
US-based boutique, ClariVest Asset Management LLC (ClariVest), is the sub-manager of the fund, managed by a team of five portfolio managers, Todd Wolter being the lead portfolio manager.
“Building on the strength of our multi-boutique approach, we see this new liquid alternative product as an important complement to our range of solutions helping investors withstand different market environments” Christophe Girondel, Global Head of Institutional and Wholesale Distribution at Nordea Asset Management, said.
Nordea Asset Management had €202bn of AUM as at end June 2016.