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Case will pay less for Catella’s funds after Swedish Pensions Agency’s decision

Asset manager’s CEO also expresses surprise at the Swedish Pensions Agency throwing out all of Catella/Celina’s funds without awaiting the result of a separate FSA inquiry.

Johan Andrassy, CEO of Case Kapitalförvaltning: "It’s very unfortunate that the funds are removed" | Photo: PR / Case Kapitalförvaltning

Asset manager Case Kapitalförvaltning’s planned acquisition of all of Catella’s (now Celina fondförvaltning) funds will still go ahead despite the recent decision taken by the Swedish Pensions Agency. But the fee will be smaller.

As reported by AMWatch, the Swedish Pensions Agency’s investigation into conflicts of interest in two of Catella’s funds was concluded and a decision was made to terminate the contracts for all four funds available on Fondtorget. Because this is considered a company problem rather than a fund one, the two funds that were not originally part of the investigation also have to go.

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