AMWatch

Öhman set for more growth as Gustavia Sweden Fund enters fold

Some EUR 200 million of investment fund assets are due to change hands next month when the investment funds run by Swedish fund manager Gustavia are officially taken over by managers Öhman and East Capital. Öhman chief executive Johan Malm tells AMWatch the move is only part of a much broader drive to grow the company.

Johan Malm, Öhman CEO | Photo: PR

Swedish fund manager Öhman has grown significantly in the last few years, having taken over the DNB fund and asset management operations in Sweden two years ago — a move which doubled its assets under management.

The firm is now set to takeover the Gustavia Sweden fund, with around SEK 500 million (EUR 52.5 million) in equities under management, in a deal set to complete next month after being announced back in May.

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