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Article: SEB Fund Arm Plans Credit Hedge Fund
- Article from:
- Reuters Hedgeworld
- Article date:
- June 23, 2009
CopyrightCopyright 2009 Reuters Hedgeworld. Provided by ProQuest LLC. (Hide copyright information)
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MONACO (Reuters) - The fund management arm of Swedish banking
group SEB is planning to launch a global credit hedge fund in the
autumn to take advantage of mis-pricing opportunities in the credit
markets.
Peter Branner, global head of investment management at SEB, said
the fund would use leverage and take long and short positions in the
investment grade and high yield credit markets where the turbulence
of the financial crisis has thrown up undervalued and overvalued
assets.
SEB will target institutional and private banking clients for the
fund, he told Reuters at the Fund Forum industry conference.
Mr. Branner said SEB still saw demand for hedge fund-style
products, despite the negative ...