AMWatch

Catella points to systematic funds as main culprit for disappointing result

"We are deeply committed to the work of the getting the company on track," says acting CEO of Catella after AUM took a notable drop in 2020.

Catella's acting CEO Johan Claesson. Current CFO Christoffer Abramson becomes permanent CEO no later than May 25 2021. | Photo: PR / Catella

Assets under management at Sweden's Catella decreased by SEK 5.9bn (EUR 586m) during the fourth quarter of 2020.

Development was mainly driven by capital outflows from systematic funds and exchange rate effects, the company’s year-end report states.

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