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Britannic Asset Management (BAM) has extended its coverage of the Scandinavian markets with a joint fund launch in association with a Swedish bank.
BAM has launched a Japanese equity segregated mandate with Robur, a wholly-owned fund manager subsidiary of Swedbank, known as FöreningsSparbanken in Sweden. The new fund will be managed at Britannic by Natasha Chetwynd, the head of Japanese equities.
BAM only entered the Scandinavian markets in October last year. “It is probably
one of the most receptive regions to UK-domiciled equity managers,” said Jonathan Polin, Bam’s sales and marketing director. “There is a strong investment culture at the individual level and therefore a lot of opportunities for us.
“The pension market, in particular, is one of the most sophisticated in terms of asset allocation. They have especially embraced hedge funds as an alternative to mainstream investments.”
The Swedish mandate represents just the start of BAM’s campaign in the Scandinavian markets. The November launch of the firm’s Dublin-based Sicav will also allow BAM to market its funds directly.
Mr Polin said: “We believe it is a fairly open market with a need for the services we can offer. We are looking to tailor other segregated mandates for others in the region.” HG
