Calling Swedish Equity Managers

    Stockholm (NordSIP) – Active managers of listed Swedish equities will be sharpening their pencils in preparation for a SEK 500 million mandate announced today 14 November 2023 on Global Fund Search (GFS).  The tender is being conducted on behalf of a Nordic wealth manager.

    The investor is looking for established UCITS vehicles offering outperformance over 3-year rolling periods against either the OMX Stockholm Benchmark (SBXCAP Index) or Carnegie Small Cap Net Return (CSNRXSE Index).  The investment strategy should be long-only and based on an active, bottom-up, fundamental approach to stock selection.  Managers should only be exposed to cash for liquidity purposes, and the use of leverage is not allowed in this case.

    In terms of minimum requirements, the investor will not consider funds smaller than SEK 2.5 billion or with track records shorter than 3 years.  Performance data must be supplied in SEK net of fees.

    Submissions must be received by GFS before midnight CET on 30 November 2023.  The expected process thereafter is for shortlisting to be carried out during the 4th quarter of this year, with a final decision made by the end of the first quarter of 2024.  The investor would like to fund the chosen manager during the second quarter of next year.

    Interested managers may obtain more information and the request for proposal directly from Global Fund Search.

    Image courtesy of Johan Bollman from Pixabay
    Richard Tyszkiewicz
    Richard Tyszkiewicz
    Richard has over 30 years’ experience in the international investment industry. He has worked closely with major Nordic investors on consultancy projects, focusing on the evaluation of external asset managers. While doing so, Richard built up a strong practical understanding of the challenges faced by institutional investors seeking to integrate ESG into their portfolios. Richard has an MA degree in Management and Spanish from St Andrews University, and sustainability qualifications from Cambridge University, PRI and the CFA Institute.

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