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Nordea Asset Management launches Global Long Short Equity Fund

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Nordea Asset Management has launched the Nordea 1 – Global Long Short Equity Fund (USD Hedged), which aims to deliver a consistent absolute return and low correlation to the returns of equity markets.

US-based investment boutique ClariVest Asset Management is the sub-manager of the fund, which is managed by a team of five portfolio managers, with Todd Wolter, the lead portfolio manager, in charge of overseeing the overall portfolio construction and risk profile.
“Building on the strength of our multi-boutique approach, we see this new liquid alternative product as an important complement to our range of solutions helping investors withstand different market environments,” says Christophe Girondel (pictured), global head of institutional and wholesale distribution at Nordea Asset Management. “With concerns growing around historically low yields and increased market volatility, we believe that this absolute return solution is a relevant choice for investors who want to diversify their portfolio.”
ClariVest was founded in 2006 and is owned in majority by its employees. It employs 12 investment professionals with an average of 20 years of industry experience.

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