Swedish manager Cliens Kapitalförvaltning, which has SEK 28bn in assets under management, is looking to hire a new CEO. The current boss Lena Wallenius is transferring to a role of working Chair of the board.
The firm's head of marketing, Tomas Henriks, says she made the decision to start winding down and that it's a natural part of her having been at the firm for ten years and turning 60.
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95 percent of active global high-yield managers struggle to consistently add value net of fees, according to the world's fourth-largest asset manager ahead of launching a global HY index fund. However, a recent survey by consultancy Kirstein showed a vast majority of Nordic investors preferring their HY portfolios actively managed.