Carnegie Fonder, an independent asset management company in Sweden, has selected Universal Investment Group as the new management company for its UCITS SICAV fund range in Luxembourg.

Carnegie Fonder is part of Carnegie Group, which was established over 200 years ago, making it one of the country’s oldest financial institutions. The strategic transfer is further strengthened by the consolidated partnership with UI efa - a financial services company primarily specialising in fund administration - as the central administrator and transfer agent, as well as with SEB as custodian.

The SICAV, encompassing several sub-funds with a total asset volume of over €1.1bn, was recently successfully migrated to the Luxembourg ManCo platform of Universal Investment.

With a strong track record spanning over 30 years in delivering outstanding performance, Carnegie Fonder continues to focus on its core expertise: the active management of these assets.

Andreas Uller, CEO of Carnegie Fonder, said: “Our passion at Carnegie Fonder lies in creating true value for our clients. Partnering with Universal Investment Group and entrusting our SICAV portfolio to their renowned platform reaffirms our commitment to providing our clients with exceptional active asset management. Our approach ensures stable and sustainable returns, while adhering to the highest standards of regulatory compliance and operational efficiency.”

Katja Mueller (pictured), chief customer officer of Universal Investment Group said: “We are delighted to welcome Carnegie Fonder on our Luxembourg platform.

“They stand out as a leading Swedish asset manager with an excellent reputation for competence in the Nordic region. This mandate underlines our commitment to servicing Nordic asset managers, building upon the successful launch of our UI efa Stockholm office in 2023.”