AMWatch

Nordea Asset Management makes organizational changes

A bet on artificial intelligence has been shut down and a new team has been created to cater for the growing demand within illiquid products.

Photo: Nordea/PR

Nordea Asset Management (NAM) has made some organizational changes that impact both its investment organization and product office department.

One of the initiatives is that the three-year-old machine learning division has been closed as the business case can't be achieved, an internal memo to NAM's employees states. The project was started up in the credit space as a tool for the security selection process, Jens Rygaard, CIO in Fixed Income and Equities told AMWatch in September 2017. The remains of the product will be transferred to NAM's Credit Fixed Income boutique.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Pensions sector responds to "unnuanced" carbon report

In a new report, NGO Mellemfolkeligt Samvirke criticized the pension sector for its DKK 22bn investments in fossil fuel expansion. An industry organization has now responded, saying the report ignores the complicated nature of the issue.

Further reading

Related articles

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch