Mon, Jan 26, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Nordic group SEB consolidates and expands in alternatives space

Friday, June 29, 2012

By Beverly Chandler, Opalesque London:

Nordic financial group SEB is to formalise its fund of hedge fund offering with the completion of the merger of its Key Asset Management which it bought in 2007, with its in-house offerings. Key is one of the oldest fund of hedge funds groups, founded in 1989 and currently offers a range of funds of funds which are now pooled with SEB’s two, the Dynamic Manager Alpha and the True Market Neutral Portfolio.

Beyond the fund of hedge fund business, SEB acts as a prime broker in the hedge fund space, numbering the Swedish group Brummer & Partners among its clients, and also offers Hedge Fund Seeding business and an advisory business, Alpha Advisory.

Eric Hoh, head of alternatives, trading and capital markets at SEB Merchant Banking explained in an interview with Opalesque, that SEB has a long hedge fund heritage dating back to the 70’s as one of the early financiers of George Soros, and the prime brokerage of Brummer back in 1995 starting what has since become the leading prime brokerage house in Northern Europe.

Roughly 50% of the bank’s revenues stem from the merchant bank, within which lies the hedge fund business which divides into trading and hedge funds. Hedge funds represent 15 to 20% of that business. The remaining 50% of the bank lies in retail, wealth management and life insurance.

Otto Francke is a senior portfolio manager within the Alternative Investment Team at SEB. He joined the bank in 2007 from fund o......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r