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1 Jun 2011

Ethical Hedge Fund Sees Positive Results in 2011

Stockholm ( - Long/short European equity fund CB Hedge is up +2.27 for April 2011 and up +4.1 in the last 12 months.

The hedge fund is run by CB Asset Management, a Swedish investment company with high ethical guidelines regarding alcohol and tobacco, weapons, child labour, extortion and corruption.

With SEB as primebroker, CB Hedge is a long/short European equities fund with the objective of generating an absolute return of 10-15%. To provide a systematic protection during a decline CB Hedge takes a short position in a European index. Usually, the turnover of the portfolio is very low.

Launched in 2007, the hedge fund is biased towards market neutrality, always net long but never more than 20% of the fund's AuM.Investors can buy shares on a daily basis and sell shares on a monthly basis. The performance fee is 20% of the return and there is a 1% redemption fee. There is currently no minimum required investment or subscription fee.

CB Asset Management was established in 1994 upon licensing from Finansinspektionen (FI), the Swedish Financial Supervisory Authority (Swedish FSA), for management of equity portfolios. The company manages three funds: CB Hedge, European Quality Fund and Save Earth Fund. The funds are managed by Carl Bernadotte, Marcus Grimfors and Alexander Jansson.

Alexis Åkesson
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