SEB Fund Put into Liquidation (Hedge Nordic) Stockholm (HedgeNordic) – SEB Alternative Fixed Income has been put into liquidation effective immediately following an extraordinary meeting of shareholders that took place on March 25. “The decision to liquidate is a consequence of the continued challenging environment for the fund’s investment strategies and we do not see that this will change going forward,” writes an announcement by SEB Investment Management. Launched in December 2011, SEB Alternative Fixed Income was a macro and relative-value hedge fund with an absolute return target, aiming to generate positive returns regardless of the direction of broader bond and stock markets.
Hah, I love how these "hedge funds" always boast about making money in any market situation, and how in high vol. environment these things should thrive. Then then we get the alternative market to the good ol' classic bull market and vix 12, and then they go bust!