Nordea unveils global equity long/short fund

To be sub-managed by ClariVest

Nordea Asset Management has launched a global long/short equity fund, to be sub-managed by US-based boutique ClariVest Asset Management.

The Nordea 1 - Global Long Short Equity fund will be hedged into US dollars and will aim to deliver a consistent absolute return and low correlation to equity markets It will be run by a team of five portfolio managers at ClariVest, led by Todd Wolter, who will oversee the overall portfolio construction and risk profile. Nordea expands fixed income range with US bond fund Christophe Girondel (pictured), global head of institutional and wholesale distribution, said: "Building on the strength of our multi-boutique approach, we see this new liquid alternative product as an important c...