Changes in Alfred Berg Sweden’s activities
Some of Alfred Berg’s funds managed in Sweden are being transferred to Carneo Asset Managers. Swedish equity and fixed income funds representing around 0.9bn euro are being taken over by Carneo Asset Managers in Sweden. This is a small part of the 12bn euro assets that Alfred Berg manages in the Nordic offices.
The changes will have minimal impact on Alfred Berg’s international clients as the Parvest funds that Alfred Berg is managing from Sweden remains. There is no impact on the funds managed by Alfred Berg from Norway.
The Swedish funds being taken over by Carneo Asset Managers are
• Alfred Berg Korträntefond Hållbar,
• Alfred Berg Ränteallokering Plus,
• Alfred Berg Obligationsfond Plus Hållbar,
• Alfred Berg Företagsobligationsfond Hållbar,
• Alfred Berg Ryssland,
• Alfred Berg Fastighetsfond Norden,
• Alfred Berg Bull,
• Alfred Berg Bear and
• Alfred Berg Hållbar Tillväxt Sverige.
The funds staying with Alfred Berg in Sweden that are not impacted and will continue to be managed by the same portfolio managers are
• Parvest Equity Nordic Small Cap,
• Parvest Equity Russia,
• Parvest Equity Russia Opportunities,
• Parvest Equity Emerging Europe,
• Alfred Berg Nordic Investment Grade Acc,
• Alfred Berg Income and
• some mandates in these asset classes.
Alfred Berg is a specialized asset manager with offices in Oslo and Stockholm. The firm manages Nordic, Russian and Eastern European funds. The company has seen a strong growth in the last years and manage around 12bn euro on behalf of Nordic and international investors. Alfred Berg is 100% owned and controlled by BNP Paribas Asset Management.
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Investments in funds are always related to risk. Past performance is no guarantee of future results. Performances are calculated net of fees. Investments in funds are subject to market fluctuation and risks inherent in investing in securities. The value of investments and the revenue they generate can increase or decrease and it is possible that investors will not recover their initial investment.