Nordea reopens mega €15.2bn Stable Return fund
Nordic asset management firm Nordea has reopened its blockbuster unconstrained multi-assets fund Nordea 1 – Stable Return Fund to new investor subscriptions.
The fund re-openedon 22 May although the firm has not announced how long it will remain open for. The move follows a drop in assets for the fund, which had been closed to new investors in September 2016.
The Nordea 1 – Stable Return fund tallied €15.2bn of assets under management as of end April 2018 with some 48.2% of assets invested in developed markets equities.
It is overseen by Nordea’s multi-assets team led by Asbjørn Trolle Hansen with Claus Vorm and Kurt Kongsted, both co-deputy head of the unit.
As of end December 2017, over €100bn of assets were overseen by the manager’s multi-assets team.