Rhenman & Partners Asset Management is to launch a new global equity long/short fund, the Rhenman Global Opportunities L/S, on 31 May, 2016. The fund will be managed by Stefan Knafve who has almost 30 years experience as an analyst and manager.
Rhenman Global Opportunities L/S will make its investments based on active selection of regions and sectors, completely independent of index. The fund will take 35-50 positions, preferably in larger companies. The investment horizon for long positions will typically be 2-4 years, while the time horizon for short positions will typically be 6 months up to 2 years. The fund will be long-biased and have a positive outlook over the business cycle, with a typical net exposure of 50-90%.
"The time is right for active asset management. In recent years, the focus has been on passive index-linked management and technically oriented products, while at the same time it is difficult to get a decent return on fixed income investments. It is against this background that we have decided to go "back to basics", i.e. starting an active global L/S equity fund, with the objective of providing 7-8% average annual net return", says Staffan Knafve, fund manager at Rhenman & Partners.
Staffan Knafve has previously been responsible for Carnegie's global fund-of-funds, and worked as Head of Equities at both Nordea Investment Management and Swedbank Robur. The Investment Team is also supported by an Advisory Board, consisting of three reputable market analysts:
Ewa Björling, who is, among other things, board member of SCA and BioGaia, and served as Minister of Trade in the Swedish Government 2007-2014; Risberg, Independent Financial Advisor with over 25 years experience in international capital markets, including Aros, SEB Enskilda and Ledstiernan; and Henrik Mitelman, Market Analyst and Strategist, and, among other things, market columnist at Dagens Industri and former Chief Analyst at SEB.
