Catella’s new funds seeking institutional distribution

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Catella Fonder is maintaining its €2bn target for soft closing its four latest funds in the wake of recent corporate activity.

Group company parent Catella AB announced last week that it is seeking to sell off its credit card banking operation Banque Invik to focus on corporate finance and asset management.

Catella Fonder, the asset management business, launched four Luxembourg domiciled Nordic UCITS III funds earlier this year: Catella Nordic Tiger, Catella Nordic Long Short Equity, Catella Fixed Income Opportunity, and Catella Allocation Sweden.

Joakim Stenberg, senior business development manager, said: “We have sold about €35m since inception, €25m to so-called fund selectors. We will do a soft close at €2bn. We are looking for institutional distribution in Norway, Finland, UK, Germany, Switzerland and the Netherlands.”

All four funds trade daily with a minimum investment of €10 Euro, £10, or $10.

Catella Fonder operates a multi-boutique business style, with a focus on Nordic assets. It manages nearly €1.7bn distributed over 19 funds and more than 150 managed accounts, according to figures available online.

As part of the change to offload what it sees as non-core activities, Catella’s Luxembourg based Banque Invik has appointed a new chief executive, Anders Thonning, formerly chief executive at Nordnet Luxembourg.

Former Invik chief executive Fredrik Sauter has stepped down to become chairman of the board at the bank, and head Catella’s private banking operations, which it intends to develop off the platform of EKF Enskild Kapitalförvaltning, acquired earlier this year.

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