SEB Merges Key Asset Management With Alts Team

Feb 7 2012 | 8:08am ET

Swedish financial services group SEB has merged its $2 billion London-based fund of hedge funds manager Key Asset Management with its alternative investment team in Stockholm.

The combined team will be managed by Mikael Spångberg as managing director, Stockholm and Chris Rule as deputy and CIO, London. SEB said in a statement that the two investment teams have worked together informally for the past few years and “bring different specialties to the new venture. Key has one of the oldest track records in the fund of hedge funds industry while the SEB AIT brings competence within the seeding and incubation business.”

KAM became a wholly owned subsidiary of SEB in early 2008.

The merger coincides with the departure of KAM’s chief investment officer, Chris Jones, who will become head of alternatives at the pension consultant bfinance starting next month.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...