US-based boutique ClariVest Asset Management is sub-managing the dollar-hedged fund. A team of five portfolio managers are running the fund, with lead manager Todd Wolter (pictured) in overall charge of the portfolio construction and risk profile.
The fund seeks to deliver a consistent absolute return and low correlation to the returns of equity markets.
“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” said Christophe Girondel, global head of institutional and wholesale distribution at Nordea AM.
“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.”
