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Opalesque Exclusive: Matrix Fonder AB is launching Swedens first Portable Alpha Fund
Matrix Fonder AB, a Stockholm based fund management company, is launching a new and unique Swedish equity Fund, Matrix Swedish Equity Fund. It is a Portable Alfa Fund and it is the first of its kind in Sweden. The beta Equity exposure is given by the OMXSB Index and the Alfa is achieved, separate and independently, from a portfolio of carefully selected hedge funds and overlay managers. The pro-forma and expected return for the fund is OMXSB +5-7%, given current risk targets. The background of the fund is frequent studies showing that most traditional Swedish equity funds are unable to beat their benchmarks. “We believe there is a demand in the market for a product that can do just that. Modern and efficient management techniques together with less restrictive mandates make this possible to achieve. A Portable Alfa strategy is a very complex and often quantitative driven investment process requiring large sophisticated recourses and capital, a deterrent factor to many investors. Matrix Swedish Equity Fund is bridging this gap. We believe that the opportunity to get this in a simple Swedish fund format (UCITS 3), where one invested Krona will yield the returns of OMXSB Index plus an expected return of some 5% should be attractive to many investors.” Says Kjell Lilliequist, partner and responsible for marketing at Matrix Fonder AB. Portfolio managers are Måns Claeson and Henrik Nor...................... To view our full article Click here
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