STOCKHOLM, Sweden, Jan. 28, 2004 (PRIMEZONE) — Invik & Co. AB today announced that Aktie-Ansvar, one of Invik’s subsidiaries, has been awarded the newspaper Privata Affarer’s prize forSweden’s best hedge fund for the year of 2003. The awarded fund, “Graal”, has through stable returns and low risk been remarkably successful in the Swedish market.<\/p>\n
Aktie-Ansvar manages five different funds with a total of 2.8 billion SEK under management of which 1 billion SEK in Graal. Graal has since its launch in June 2002 given a total return of 25.10 %. The standard deviation, calculated on a yearly basis, amounts to a mere 3.98 % and the ‘sharpe quote’, which measures the fund’s risk adjusted return since the start, was 3.04. This is better than any other hedge fund in the Swedish market.<\/p>\n
Anders Fallman, president and CEO of Invik, commented: “We are delighted to receive this award. The mixture of common sense, good risk analysis and an understandable investment strategy has resulted in this very satisfying performance. The award is also a proof of Invik’s successful commitment to Modern Finance Group”.<\/p>\n
Aktie-Ansvar, founded in 1965, is one of Sweden’s oldest mutual funds. Aktie-Ansvar has a very well documented history and is often ranked as one of the best Swedish mutual fund managers. Aktie-Ansvar is currently managing five different funds, Aktie-Ansvar Sverige (traditional Swedish fund), Aktie-Ansvar Europa (traditional European fund), FondSelect, (global fund-in-fund), Graal, (hedge fund) and Aktie-Ansvar Avkastningsfond (short fund). The funds that have been established for more than three years are all holding five stars from the independent fund evaluation company, Morningstar.<\/p>\n
For further information, please visit www.invik.se or contact: Anders Fallman, President & CEO +46 (0) 8 562 000 20 Stefan Carlenius, CEO Aktie-Ansvar +46 (0) 8 407 3566 Henrik Persson, Investor Relations +44 (0) 20 7321 5010<\/p>\n
Invik & Co. AB is an investment company. The Group consists of the Parent Company Invik & Co. AB and a number of operating subsidiaries. The Parent Company manages a long-term portfolio of listed company securities. The Group’s subsidiaries are principally active in banking, insurance, securities broking and trading, and asset management.<\/p>\n
Invik & Co. AB shares are listed on the Stockholm Stock Exchange O list under the symbols INVKA and INVKB.<\/p>\n
This information was brought to you by Waymaker http:\/\/www.waymaker.net<\/p>\n
The following files are available for download:<\/p>\n
http:\/\/www.waymaker.net\/bitonline\/2004\/01\/28\/20040128BIT20550\/wkr0006.pdf<\/p>\n
Copyright © 2004 PrimeZone Media Network, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"
STOCKHOLM, Sweden, Jan. 28, 2004 (PRIMEZONE) — Invik & Co. AB today announced that Aktie-Ansvar, one of Invik’s subsidiaries, has been awarded the newspaper Privata Affarer’s prize forSweden’s best hedge fund for the year of 2003. The awarded fund, “Graal”, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2232","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=2232"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2232\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=2232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=2232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=2232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}