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.
Turn on TV news market reports, flick to the financial commentary in the business pages, and more often than not those holding forth their views of the sector will be male.
Sometimes referred to as the ‘biggest manager you have never heard of’, Jonathan Boyd has caught up with PGIM for insight into its Europe region developments as part of global expansion