S&P Capital IQ awards ‘AA’ rating to Sweden’s Absolut Aktier

The long-only Cliens Absolut Aktier Sverige fund has been awarded an AA rating by S&P Capital IQ, which said it benefitted by being run in “a highly consistent manner” since launch in 2004.

Gunnar Håkanson and Jonas Gustafson are the managers on the fund, which investes in a concentrated portfolio of 25-40 holdings. From launch to the end of October 2011, the fund returned 113% against its Six RX benchmark index return of 73%, or annualised return of 11.6% against 8.4% for the index.

S&P Capital IQ also awarded an AA rating to the Aquila Capital asset allocation funds. The Aquila Capital Risk Parity 12 and Risk Parity 7 funds, managed by Harold Heuschmidt, invest largely via futures and swaps in various asset classes – equities, fixed interest, commodities and cash.

The London-based multi-family office Sand Aire’s Fenix Balance Fund was awarded an A rating.

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