Philip Wendt

Provides investment research

AA is an active investment manager with a long-term outlook, following a growth-and-value investment approach and focused on absolute returns. The firm invests globally in equity, fixed income, third party funds and derivatives, with a strong focus on Sweden. They adhere to ethical investment principles, and avoid companies deriving a significant part of their revenues from alcohol, tobacco, gaming, pornography or arms. AA's investment process is bottom-up and focused on financial results and P/E ratios, paying limited attention to general market trends. The firm invests across market caps and manages focused portfolios. Determinant stock selection criteria include a strong earnings track record as well as management competence and proactiveness. The investment process is informed by outsourced fundamental research. The firm's traditionally managed equity funds are invested in listed Swedish equity and in diversified European equity, favoring large-cap liquid stocks as well as growth small-cap companies. The Graal equity hedge fund, which ranks among the largest hedge funds in Sweden, follows a market neutral strategy involving leverage through an associated fund. Graal's performances are evaluated against the OMRX-T-bill index. AA also manages a short-term fixed-income fund, a fund invested in structured products and a fund of fund invested globally and covering equity, fixed income and alternative investments.

Swedbank Robur aims to create sustainable, long-term return for their investors, while also contributing to the development of society and the environment. All their funds have a strict sustainability overlay where all managers use the firm’s proprietary ESG platform, RobuS, which uses both external and internal analysis to share and evaluate sustainability data. The firm actively selects companies based on fundamental and quantitative analysis.

Provides fund management services