Swedish hedge fund opens fund to broad US investor base

Stockholm-based hedge fund Informed Portfolio Management (IPM) has launched a Delaware feeder fund to address demand of US investors that wanted easy access to its IPM Systematic Macro strategy domiciled in the Cayman Islands.

Almost half of IPM’s assets come from from North American investors.

The fund, with current assets of $700m (€617.7m) and seeded on 1 June by IPM, will feed into its Cayman flagship master fund launched 11 years ago.

Additionally, IPM is in talks with a number of wealth management platforms seeking to further provide easy access to the IPM Systematic Macro strategy across their client base, through both the US Delaware and Cayman funds.

Assets of the fund have risen to $3.7bn (€3.26bn) as of 28 June 2017.  The strategy is also run under a Ucits format that has gathered $1.1bn (€970m) of assets since its launch in 2015.

Tara Skinner, head of Business Development at IPM, said: “The US has always been a strategic market for us, and following several years of regular roadshows, we are gaining increased momentum across this region from major institutional allocators. Whilst sovereigns, pension funds and financial institutions can readily access our strategy in the Cayman based master fund, more and more US onshore investors are keen to access our diversifying strategy which they can now do through the new fund.

“Given the increased difficulty for US onshore investors, such as large family offices and ultra-high-net-worth investors, to identify broadly uncorrelated strategies, we expect the new fund to be a natural fit for their portfolios.”

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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