The Swedish hedge fund IPM, which is owned by asset manager Catella, has hired the two Goldman Sachs bankers Christian Morgenstern and James Kelly to help the quant asset manager develop an alternative risk premia product, writes Bloomberg.

A new multi-asset fund will be launched in the coming months, writes the financial media, adding that IPM plans to offer customized solutions using underlying risk premia building blocks, citing a person familiar with the plans who asked not to be identified by name.