SEB Puts Hedge Fund Into Liquidation: HedgeNordic

Skandinaviska Enskilda Banken AB has put its SEB Alternative Fixed Income hedge fund into liquidation, effective immediately, after a March 25 meeting with shareholders, HedgeNordic reports.

• The decision is a consequence of “the continued challenging environment for the fund’s investment strategies and we do not see that this will change going forward,” according to a statement cited by HedgeNordic
• SEB Alternative Fixed Income had EU145m in assets under management at the end of January
• Investors are expected to receive reimbursement payments in mid-April

To contact the reporter on this story:
Niclas Rolander in Stockholm at nrolander@bloomberg.net

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