Finland's EAB Asset Management, Norwegian Alfred Berg Kapitalforvaltning and its office in Sweden are setting up a joint AM team for investments in Nordic listed equities and fixed income.
The portfolio management teams of the companies, located in Helsinki, Oslo and Stockholm, will be consolidated into one team of 20 investment specialists. The team will manage client assets exceeding EUR 15bn.
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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.