We are launching a new credit hedge fund: Trude
The credit hedge fund Trude launches on October 1, 2015 and starts with a seed capital of SEK 522 million.
In an environment with high equity market and real estate valuations, with interest rates at extremely low levels and with tight credit spreads, we have seen demand for another non-directional, absolute return fund, says Thomas Pohjanen, CEO of Excalibur Fonder. The new fund complements our existing fund, Excalibur, through value creation in the illiquid and regulated credit market. It will have a higher expected return and a slightly higher risk profile. After a year of hard work recruiting portfolio managers, apply for and receive approval from the financial supervisory authority and set up all the necessary systems, we are finally at launch date. The porftolio managers Anders Nordborg and Marek Ozana have the unique competence required to successfully manage the fund. This includes the ability to combine quantitative models with market and trading experience. We are launching with capital from the company´s owners, but already in October we will initiate discussions with potential investors,” Thomas concludes.