Thu, Apr 17, 2014
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

Banner
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. Opalesque Exclusive: European stock-picking fund up 19% YTD, bets on small caps’ high cash level[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Here is a European long/short equity fund that has been beating the odds since its 2008 inception by employing its own investment model, frequent company visits

  2. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  3. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  4. Opalesque TV: First Trust Advisors launches liquid alternatives platform[more]

    Bailey McCann, Opalesque New York: First Trust Advisors is launching a new liquid alternatives platform aimed at building on the companies existing alternative ETFs offering by adding hedged mutual funds. Senior Portfolio Managers Rob Guttschow and John Gambla recently sat down in an

  5. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo