Thu, Oct 23, 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   |   

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t