Sweden’s Catella increases stake in systematic manager IPM

Catella, the asset and wealth manager headquartered in Sweden, has increased its 5% stake in Informed Portfolio Management to 25% through a SEK33m private placement.

Catella acquired the original 5% holding in November 2011, at the time becoming the only institutional shareholder in IPM.

As a systematic manager, IPM is headquartered in Stockholm, and oversees assets of some $7bn on behalf of institutional investors, pension funds, insurers and foundations.

The increased stake in IPM gives Catella the opportunity to broaden its own base of expertise as well as strengthen customer relations, said Johan Ericsson, CEO of Catella AB.

“At the same time as we are advancing Catella’s position within asset management, we are also increasing IPM’s resources for continued expansion. IPM is an extremely interesting company with great potential.”

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