Thu, Nov 27, 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

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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to