15 February 2019
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Tin Fonder, the recently launched Swedish boutique, has confirmed not only that shares in its Core Ny Teknik fund should be available to international investors, but that it will be ramping up connections with such investors going forward.
In a brief Q&A with InvestmentEurope, co-fund manager Carl Armfelt pointed to a roadmap that suggests the business will be seeking to impress its presence beyond the Nordic region.
Q Can foreign investors buy shares?
"Foreign investors can buy shares as direct customers or via Avanza, Nordnet and SEB, We will also be live on MFEX."
Q Will you actively seek out foreign investors?
"Yes, we will be actively seeking out family offices and institutions abroad. We believe that an innovation fund with a Nordic focus is relevant for foreign investors!"
Q Have you set a maximum AUM figure before you close the fund to new investors?
"Because it is a Ucits we don't have a hard close, but will start doing a soft close if the fund goes over SEK20bn (€1.9bn). "
Q The Kiid suggests that you can invest up to 10% in other funds: which other funds in that case?
"We have had that option historically but not used it. If the fund becomes large, we will investigate the opportunity."
Additionally, Armfelt noted that the boutique will be thinking further through March and April as to how it will specifically organise itself in terms of the European fund selector community. However, this work will follow an establishment phase in which it is focused on investors who have already expressed interest.
Further details on Armfelt and co-fund manager Erik Sprinchorn's new technology and innovation fund were published by InvestmentEurope last week: https://www.investmenteurope.net/news/4000762/swedish-fund-duo-confirm-launch-fund-company
Swedish publication Placera has also obtained video insight (in Swedish) from the duo:
