Tue, Apr 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Swedish firm Bid & Ask Asset launches equities index derivatives focused Stella Polaris fund, rebrands firm to Stella Asset Management

Thursday, March 11, 2010
Opalesque Industry Updates - Bid & Ask Asset Management, manager of Swedish hedge fund Stella Nova will launch a new hedge fund, Stella Polaris on March 31, 2010. Stella Polaris is based on the same equity index derivatives focused investment strategy as Stella Nova, which has returned +67.3% since its launch in September 2003, but the new fund is permitted to take a higher amount of risk, which, the firm says over time, may offer higher returns.

"We are looking forward to applying our successful investment strategy in the new fund Stella Polaris and to broaden the opportunities for investors that would like to achieve a high risk-adjusted and absolute return that does not correlate with the stock market. Stella Polaris provides our proficient fund managers with a higher risk mandate, which gives them additional tools to work with in managing the fund," said Patrik Carlstedt, Head of Investor Relations, in a statement released by the firm.

Bid & Ask Asset Management is also rebranding the firm with a new name. The company name will be changed to Stella Asset Management. "Changing our company name is a natural step now that we are expanding the product range. We are proud of our products, and the new name of the company creates a strong brand name that refers to our funds," says Carlstedt.

Corporate website: Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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 - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic

  5. Opalesque Exclusive: Gold Sail diversifies into PE and real estate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The five Purdue University students who set up a hedge fund last year have become four and have diversified int