Corona draws out the tide and reveals skimpy swimwear as funds proved less safe than their names suggested
The corona crash has revealed safe funds that are not safe, quant-strategies breaking down, hedge funds that are not hedged and all-weather products in desperate need of umbrellas. Once again, it has been revealed that we in the finance industry know a lot less about how the world is turning and where markets are going in the short term than we like clients to think - and that some product names are totally misleading.
BY FRANK HVID PETERSEN, FOUNDER OF EARLYBIRD RESEARCH AND PARTNER AT INTEGRITET INVEST
March 2020 was one of the cruelest months ever for global financial markets and not least asset managers trying to navigate the extremely volatile markets. Many were maybe not swimming entirely naked, but when the tide went up last month, a lot of portfolio managers got their clothes ripped off.
”Getting green technology companies through the growth phase is like sailing a ship through a perfect storm,” says Laurits Bach Sørensen, Senior Partner at Nordic Alpha Partners.
Investors and asset managers remain positive about the benefits of artificial intelligence – despite some concerns about geopolitics and their possible effects on tech giant Nvidia.
So far, Ridge Capital’s Nordic high yield strategy has exceeded the targeted return, founders and portfolio managers Måns Levin and Christoffer Malmström tell AMWatch.
KLP and the KLP funds are excluding the American machinery manufacturer due to the risk of contributing to violations of human rights and international law in the West Bank and Gaza.
Kyrkans Pension broke FSA rules when the pension fund made a major investment in real estate company Stelvalvet, the Swedish Financial Supervisory Authority says.
Akademikerpension is divesting investments worth DKK 324m (EUR 43.4m) in 30 drilling companies. Until now, the pension fund had been unaware of the involvement of these companies in fossil expansion.
American Century’s Pia Michelsson tells AMWatch that impact investing in the Nordic region is ”next level” in this first article of our 2024 Summer Series featuring international asset managers.
The Head of Danske Bank Asset Management, Christian Heiberg, had expected more new mandates by now for its EMD strategy, which has shown world-class performance since a new team took over.
The owners of infrastructure fund manager AIP Management have sold the majority of their shares to Storebrand, one of Norway’s largest financial groups.
Northvolt, the Swedish manufacturer of sustainable batteries for electric vehicles, is facing a mountain of problems as the market for its products appears to be saturated.
So far, Ridge Capital’s Nordic high yield strategy has exceeded the targeted return, founders and portfolio managers Måns Levin and Christoffer Malmström tell AMWatch.
American Century’s Pia Michelsson tells AMWatch that impact investing in the Nordic region is ”next level” in this first article of our 2024 Summer Series featuring international asset managers.