The rush to go onshore
Mon Sep 20, 2010
• Why the UCITS format is proving so attractive • Why UCITS has become the latest big thing – Comments from Hans-Olov Bornemann, Nathanael Benzaken, Magnus Ward, Charles Robinson, Roman Rosslenbroich
It takes about seven hours to travel by train from Stockholm to
the county of Jämtland in Sweden's frozen north. The
county's principal attraction is Åre, which is the
largest skiing resort in Sweden. That makes it a popular
short-break destination for busy Stockholm-based professionals
such as Hans-Olov Bornemann, head of the global quant team at
SEB Asset Management.
In March 2005, Bornemann and his team of five boarded the
train at Stockholm's Central Station for their annual off-site
break in Åre. "On the journey, we had seven hours to
kill," recalls Bornemann, a former managing director at
Deutsche Bank, who set up the SEB quant team in October 2003.
Today, Bornemann's team is responsible for managing assets of
some $5 billion across a range of products.
Rather than while away the time playing cards, Bornemann and
his quintet of quants set out to answer two...
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