SEB
As the largest banking group in the Nordic region, it’s probably a logical outcome that SEB would also evolve into one of the leading hedge fund providers in Scandinavia. Since the launch of its Hedge Fixed Income fund in April 2001, and with the subsequent expansion of its product menu to include a total of eight single-manager funds and eight funds of hedge funds (FoHFs), SEB’s alternative investment assets currently stand at around $5 billion. And, unlike many other Nordic managers, SEB has not kept its main focus on the Scandinavian markets, but offers instead a wide range of funds investing globally in managed futures, currency, fixed-income/macro, credit, multi-strategy, long/short equity, event-driven and relative value strategies.
In November 2008, the FoHFs side of the business took a great leap forward with SEB’s purchase of London-based Key Asset Management which had $3 billion under management. One of the oldest FoHFs...