Aktie-Ansvar, the fund company within the Invik Group, experienced a
strong growth in total funds under management during May. Following
strong inflows and fund performance, the Aktie-Ansvar hedge fund
Graal is now the largest hedge fund in Sweden with a total of SEK
10.9 billion under management.
The inflow of funds to Aktie-Ansvar has continued during May and the
combined fund assets amounted to more than SEK 20 billion at the end
of May, an increase of almost SEK 6 billion since December 31, 2006."Aktie-Ansvar Graal has since the start in 2002 achieved one of the
highest yields in relation to the risk of the fund. This has
contributed to the fund becoming the largest hedge fund in Sweden. At
the same time as the combined fund assets in Graal has increased, the
fund performance during the last six months has been amongst the
highest since the fund was launched in 2002", says Stefan Carlenius,
CEO of Aktie-Ansvar.
For further information, please visit www.invik.se or contact:
Anders Fällman, President and CEO +46 (0)8 562 000 20
Mattias Björk, CFO +46 (0)8 562 000 58
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Invik is a finance group with a broad product profile focusing on
insurance, banking and fund management. Invik is active in a number
of carefully selected segments in which the Group can create high
growth and build long-term, successful companies, while consistently
focusing on profitability. Group companies are distinguished by their
constant efforts to seek new avenues for growth in profitable niches
in the financial sector.
Invik is made up of five major financial operations: Modern
Insurances Non-life, with its direct insurance operations focusing on
individuals and small companies; Modern Insurances Life, which offers
life, pension and endowment insurances; Assuransinvest manages the
remaining run-off portfolio; Banque Invik, a private bank based in
Luxembourg with operations in asset management, card operations and
corporate services and Invik Funds, which pursues fund operations in
Aktie-Ansvar and Modern Funds. Invik is listed on the Stockholm Stock
Exchange Mid Cap under the name INVKB.
Aktie-Ansvar Graal largest hedge fund in Sweden
| Source: Invik & Co. AB