ESG - Nordic - Multi Strategy

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Fund Portrait

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.

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INVESTMENT MANAGER Norron Asset Management
FUND Norron Target
TYPE STRUCTURE SICAV
DOMICILE Luxembourg
LAUNCH DATE January 25, 2011
DISTRIBUTOR SWITZERLAND OpenFunds Investment Services AG (Switzerland)
AUDITOR EY, Luxembourg
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
CURRENCY EUR, SEK
INITIAL CHARGES 0%
MINIMUM SUBSCRIPTION EUR 100,000
LIQUIDITY Daily
MANAGEMENT FEE 1%
PERFORMANCE FEE up to 20% p.a.
FUND SIZE EUR 379 m
ISIN LU1982816206
BLOOMBERG CODE NTRGSRC LX

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Norron Interaction with Nordic companies