Carnegie Recognized As Fund Manager Of The Year.STOCKHOLM, Sweden -- Regulatory News: Carnegie (STO:CAR) was named by the business magazine Privata Affarer as Fund Manager of the Year. The magazine's motivation is that Carnegie over a long period has provided fund management of high and consistent quality through which several funds significantly exceeded their index. At the same time, Carnegie's largest single fund. Carnegie WorldWide, was named as the winner in the category global funds. "This is an award of distinction that shows that our model with a strongly management-oriented culture is successful. Because we do not have a large distribution network, management excellence is absolutely essential for success," says Per Axman ax·man n. 1. One who wields an ax. 2. Slang One assigned to perform a task involving ruthless reduction, as of a work force or budget. 3. , Head of Carnegie Asset Management and Private Banking. Carnegie, which is an independent firm in the Nordic mutual fund market, has 40 managers who are responsible for investments valued at about SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 140 billion. "Fund management is one of Carnegie's prioritized growth areas. During the first nine months of the last year, the net inflow in·flow n. 1. The act or process of flowing in or into: an inflow of water; an inflow of information. 2. was SEK 6.5 billion. This also shows that customers have great confidence in our ability to deliver results," continues Per Axman. The magazine's jury also recognized Safety 90 Sweden and Safety 90 BRIC BRIC Brazil, Russia, India and China (world affairs) BRIC Brooklyn Information & Culture BRIC Biological Research Information Center (Korea) BRIC Benign Recurrent Intrahepatic Cholestasis as examples of innovative product development. And the Carnegie World Wide Long/Short hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" was one of three nominated in the hedge fund category. The fund data company Moneymate provides the fund information that is used by the jury. Carnegie is a leading independent investment bank with Nordic focus. Carnegie provides value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. in securities brokering, investment banking, asset management, and private banking, as well as pension advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to institutions, corporations and private clients. Carnegie has approximately 1,100 employees in eight countries and is listed on the Nordic Exchange. This information was brought to you by Cision http://newsroom.cision.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion