ESG - Nordic - Multi Strategy
Norron Target is a multi-strategy fund with a total return focus. The fund is managed by the investment team under the direction of Ulf Frykhammar, who has successfully managed such mandate since 2003. Target aims to deliver stock market returns throughout the cycle with approximately 25% of the risk.
Target has a well-defined portfolio structure consisting of specific sub funds. While achieving positive carry through credit exposure, four different equity sub portfolios constitute the gross equity exposure; yield, alpha, delta and beta. On the equity side, the fund typically invests into 5–8 core and 10–15 shorter term positions. In fixed income, the Fund invests across government and corporate bonds. To hedge, the fund uses index derivatives, but can also go short single stocks. ESG is integrated into the entire investment process. The strategy is suitable for medium/long-term investors looking for steady risk adjusted returns.
|INVESTMENT MANAGER||Norron Asset Management|
|LAUNCH DATE||January 25, 2011|
|DISTRIBUTOR SWITZERLAND||OpenFunds Investment Services AG (Switzerland)|
|CUSTODIAN||Skandinaviska Enskilda Banken SA, Luxembourg|
|REGULATOR||Commission de Surveillance du Secteur Financier, Luxembourg (CSSF)|
|PAYING AGENT SWISS||Società Bancaria Ticinese SA (Switzerland)|
|GEOGRAPHY||Bonds and Equities from the Nordics|
|STRATEGY||Nordic equities and bonds long/short|
|SHARE CLASSES||HIC - EUR|
|MINIMUM SUBSCRIPTION||EUR 100,000|
|PERFORMANCE FEE||up to 20% p.a.|
|FUND SIZE||EUR 379 m|
|BLOOMBERG CODE||NTRGSRC LX|