<ul><li>Optimized Portfolio Management </li></ul><ul><li>Steering Hedge Funds towards sustainable investments – Who is in ...
Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines ...
OPM in brief <ul><li>A Swedish independent fund management company founded in 2003 </li></ul><ul><li>Specialized in the fi...
Team <ul><li>Simon Reinius </li></ul><ul><li>Founder of and Head of Investor Equity Trading, Investor AB.  </li></ul><ul><...
Awards
Three dimensional approach <ul><li>With a fourth dimension being added </li></ul><ul><li>Yet non quantifiable  </li></ul><...
Investment Philosophy – Cohesive with ”Ethics” <ul><li>Established Financial Theory </li></ul><ul><li>Innovation  </li></u...
Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines ...
<ul><li>Free to use many financial instruments </li></ul><ul><li>Active management </li></ul><ul><li>Absolute return targe...
A journey into the unknown
Hedge funds since 1994 Index: Hedge funds – Credit Suisse Tremont Hedge fund Index Equities – S&P500 (Total Return) Bonds ...
Harvard University, allocation 1980 – 2009 Källa: Harvard Management Company
Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines ...
Repainting the blueprint for hedge fund investing
Ethics and sustainability are parts of accountability
The evolution of hedge funds is today investor driven
Take the hedgy out of the hedge
Ethics in investments or Investments in ethics
Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines ...
<ul><li>Reliable managers with good track records </li></ul><ul><li>Managers with a clear edge </li></ul><ul><li>Funds not...
<ul><li>Legal structure </li></ul><ul><li>Audited statements </li></ul><ul><li>Analysis of risk control functions </li></u...
Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines ...
Accomplishments so far <ul><li>OPM enters into new venture with Wassum & Ethix www.ethix.se  </li></ul><ul><li>The agreeme...
We will push it to the limit
Thank You! <ul><li>André Havas </li></ul><ul><li>[email_address] </li></ul><ul><li>+46 760 492 974 </li></ul>
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André havas

  1. 1. <ul><li>Optimized Portfolio Management </li></ul><ul><li>Steering Hedge Funds towards sustainable investments – Who is in it to win? </li></ul><ul><ul><li>TBLI CONFERENCE™ EUROPE 2010 </li></ul></ul>
  2. 2. Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines can be intergrated into our portfolios </li></ul><ul><li>Conclusion </li></ul>
  3. 3. OPM in brief <ul><li>A Swedish independent fund management company founded in 2003 </li></ul><ul><li>Specialized in the field of hedge funds and alternative investments </li></ul><ul><li>Continuous outperformance </li></ul><ul><li>The client base is constituted of Pension Funds, Endowments, Private Banks, Insurers </li></ul><ul><li>Owned by the founders and Carnegie </li></ul>
  4. 4. Team <ul><li>Simon Reinius </li></ul><ul><li>Founder of and Head of Investor Equity Trading, Investor AB. </li></ul><ul><li>Partner, GKR Corporate Finance AB. Focus on the development of new equity valuation tools and asset allocation models. </li></ul><ul><li>Founder of Speed Ventures NV, Head of Business Development. The company was involved in seed investment in combination with operational support through a global network comprising 10 offices on three continents. The company was sold in 2002. </li></ul><ul><li>Risk manager, Lendtech AB. </li></ul><ul><li>Developer of macro economic models at “Det Naturliga Steget”, Stockholm. The models were utilized to create a mutual fund, Svensk Miljöfond . </li></ul><ul><li>M Sc, Finance and Business Administration, the University of Stockholm. </li></ul><ul><li>Tom Berggren </li></ul><ul><li>Managing Director at the Swedish Private Equity and Venture Capital Association. </li></ul><ul><li>Founding Partner and Chairman of Stockholm F ondkommission . </li></ul><ul><li>CEO of Berggren Investment Management AB. Financial / strategic advise and private equity investments with board representation. </li></ul><ul><li>Martin Larsson, CAIA </li></ul><ul><li>CFO, Wahlstedt Sageryd. </li></ul><ul><li>M Sc, Finance and Business Administration, The Stockholm School of Economics. </li></ul><ul><li>Peter Seippel </li></ul><ul><li>Investment Manager, Alternative Investments Department, at Länsförsäkringar. </li></ul><ul><li>Assistant Consultant at Wassum Investment Consulting. </li></ul><ul><li>Licentiate degree (Filosofie Licentiat) in Financial Economics from the Stockholm School of Business and Cass Business School, City University, London. MSc. in Economics from the Department of Economics at Stockholm University. MSc. in Business Administration and Financial Economics from the Stockholm School of Business. </li></ul><ul><li>Jesper Dahlqvist </li></ul><ul><li>Consultant at VPD Financial Software Consulting. </li></ul><ul><li>M Sc in Industrial Engineering and Business Management, Royal institute of Technology. </li></ul><ul><li>Bachelors degree in Business and Administration, Stockholm School of Business. </li></ul><ul><li>Marcus Nilsson </li></ul><ul><li>Consultant at Mindwell. </li></ul><ul><li>M Sc in Industrial Engineering and Business Management, Linköping Institute of Technology. </li></ul><ul><li>Bachelor of Science in Business and Economics with a major in National Economics, University of Linköping. </li></ul><ul><li>Johanna Mattsson </li></ul><ul><li>Substitute CFO, Larmassistansteknik AB. </li></ul><ul><li>M Sc, Marketing and Business Administration, University of Södertörn. </li></ul><ul><li>André Havas </li></ul><ul><li>Vice President at Deutsche Bank Asset Management . </li></ul><ul><li>Director, Head of Nordic Region, Scottish Widows . </li></ul><ul><li>CDK Group, Sales & Marketing Director Europe. </li></ul><ul><li>Client Manager GAM UK ltd. </li></ul><ul><li>Business Development Director Skandia Global Funds . </li></ul><ul><li>Bsc in Business Law, French and Italian,  University of Lund. </li></ul>
  5. 5. Awards
  6. 6. Three dimensional approach <ul><li>With a fourth dimension being added </li></ul><ul><li>Yet non quantifiable </li></ul><ul><li>But of great value to investors and soceity – hopefully without distorting returns </li></ul>Return Correlation Risk Ethical Screening
  7. 7. Investment Philosophy – Cohesive with ”Ethics” <ul><li>Established Financial Theory </li></ul><ul><li>Innovation </li></ul><ul><li>Systematic </li></ul><ul><li>Lasting </li></ul>
  8. 8. Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines can be intergrated into our portfolios </li></ul><ul><li>Conclusion </li></ul>
  9. 9. <ul><li>Free to use many financial instruments </li></ul><ul><li>Active management </li></ul><ul><li>Absolute return target </li></ul><ul><li>Performance based fee structure </li></ul>What is a hedge fund?
  10. 10. A journey into the unknown
  11. 11. Hedge funds since 1994 Index: Hedge funds – Credit Suisse Tremont Hedge fund Index Equities – S&P500 (Total Return) Bonds - Barclays Aggregate Bond Index
  12. 12. Harvard University, allocation 1980 – 2009 Källa: Harvard Management Company
  13. 13. Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines can be intergrated into our portfolios </li></ul><ul><li>Conclusion </li></ul>
  14. 14. Repainting the blueprint for hedge fund investing
  15. 15. Ethics and sustainability are parts of accountability
  16. 16. The evolution of hedge funds is today investor driven
  17. 17. Take the hedgy out of the hedge
  18. 18. Ethics in investments or Investments in ethics
  19. 19. Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines can be intergrated into our portfolios </li></ul><ul><li>Conclusion </li></ul>
  20. 20. <ul><li>Reliable managers with good track records </li></ul><ul><li>Managers with a clear edge </li></ul><ul><li>Funds not exceeding their capacity </li></ul><ul><li>Funds with a sound legal structure and robust risk control </li></ul>What we seek <ul><li>Recipe for good future returns </li></ul>
  21. 21. <ul><li>Legal structure </li></ul><ul><li>Audited statements </li></ul><ul><li>Analysis of risk control functions </li></ul><ul><li>Referrals </li></ul>Areas of interest when performing the due diligence <ul><li>Suspect the worst </li></ul>
  22. 22. Agenda <ul><li>OPM </li></ul><ul><li>Hedge Funds </li></ul><ul><li>Our challenge </li></ul><ul><li>How ethical guidelines can be intergrated into our portfolios </li></ul><ul><li>Conclusion </li></ul>
  23. 23. Accomplishments so far <ul><li>OPM enters into new venture with Wassum & Ethix www.ethix.se </li></ul><ul><li>The agreement covers Nordic Hedge </li></ul><ul><li>First screening covered first half of 2010 </li></ul><ul><li>One holding found in violation with governing standards – action has been taken by OPM </li></ul>
  24. 24. We will push it to the limit
  25. 25. Thank You! <ul><li>André Havas </li></ul><ul><li>[email_address] </li></ul><ul><li>+46 760 492 974 </li></ul>
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