Sun, Dec 21, 2014
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 - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und