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Catella shuts systematic macro manager after AUM nosedives

Unfavorable market conditions and large subsequent outflows lead to Catella opting to close its "leading macro manager" and return money to investors.

Christoffer Abramson, Catella | Photo: PR / Catella

Swedish investment firm Catella is closing down its part-owned subsidiary Informed Portfolio Management (IPM) and in doing so, take a SEK 100m hit. The decision was taken with the board of IPM.

IPM is a systematic macro manager that Catella states has had strong returns and low correlations with equities and bonds. But the recent investment market for systematic macro funds has been very unfavorable, leading to IPM having weak returns and large outflows.

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