AMWatch

Blackrock to take management control of SEB's troubled fund

SEB outsources the management of its technology sub-fund to Blackrock and revamps the investment strategy after many years of underperformance.

Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix

SEB will outsource the management of its SEB Technology Fund from SEB Investment Management to Blackrock. The change in management will be effective from Dec. 10, says SEB in an announcement.

"The fund continues to be actively managed and to invest primarily in companies in the technology sector. Fees for the sub fund are not affected by the described changes. We chose Blackrock because of their proven track record and their expertise in investing in technology companies," SEB explains on its website.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

amwatch trial

Latest news

Jobs

See all

See all

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch