Mandatum Asset Management

As the financial landscape undergoes rapid transformation, liquidity providers are finding new opportunities in portfolio financing, driven by bank disruption and a frozen M&A market. Stricter banking regulation has made traditional bank lending less viable, while economic volatility and rising interest rates have caused a need for liquidity in private equity to compensate the lack of exits – both in which private debt funds can offer alternative solutions.   In this whitepaper, we explore the increasing role of private debt funds in two subsegments of portfolio financing – asset-based finance and fund finance – in which investors are compensated by clear diversification benefits and strong risk-adjusted returns. Read more in our whitepaper: https://lnkd.in/dkCjUf-s

LSEG Lipper Fund Awards 2025 selected Mandatum’s Nordic High Yield Fund as both ‘Best Fund over 3 years’ and ‘Best Fund over 5 years’ in the Bond Europe High Yield category. The prestigious Lipper Awards are an annual celebration of funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. “Our fund has grown at a steady pace while we have been able to deliver strong risk-adjusted returns. A heartfelt thank you to our customers for their trust and to our team in Helsinki and in Stockholm. Extensive resources are key to Mandatum's approach to conducting thorough credit analysis, which serves as the foundation of our investment operations”, says Mandatum’s Chief Investment Officer Juhani Lehtonen. The client assets under management of the Nordic High Yield Fund exceeded EUR 760 million at the end of 2024. The client assets of the award-winning fund and the leveraged finance operation, which includes three loan strategies, currently exceed EUR 2.3 billion. Read more: https://lnkd.in/digcUGZF

We are proud to share that Mandatum Managed Futures Fund has been shortlisted for the Performance of the Year: UCITS - Managed Futures Category in this year’s Hedgeweek European Awards.   It is an honor to receive yet another recognition after the recent 2024 Nordic Hedge Award nomination.   Read more: https://lnkd.in/dwxiYfmQ

Thrilled to share that we've been nominated as one of the “Best Nordic Managed Futures / CTA Fund 2024" in the 2024 Nordic Hedge Award! After winning this category last year, we’re honored to be recognized once again. A huge thank you to our team, investors, and supporters for making this possible. #NordicHedgeAward https://lnkd.in/dCvvZpVv

Mandatum Asset Management team in Sweden welcomes Daniel Bergman as Sales Director to the company’s expanding sales team.   A cornerstone of Mandatum's strategy is driving growth in the capital-light business, encompassing institutional and wealth management. A key focus in achieving this vision is strengthening the company's presence in the Nordic markets.    "The team in Sweden is growing, and I am delighted to welcome Daniel to our expanding sales team as Sales Director. Daniel brings extensive expertise in the sector and a proven ability to drive results and build strong client relationships", says Claes Siegfrids, Head of International Clients at Mandatum Asset Management.  Daniel holds an MSc in Finance and Strategic Management from Copenhagen Business School. With years of valuable sales experience across prominent financial institutions, he has built a solid track record in the industry. Prior to joining Mandatum, Daniel worked at Invesco, East Capital, Öhman, and JP Morgan Asset Management, where he held various sales roles.  "I am excited to take the next step in my career and look forward to delivering value to our clients across Sweden. I'm impressed with Mandatum's Nordic focus and expertise in fixed income and alternatives. With ongoing market volatility and high inflationary environment, I believe the market opportunity for these asset classes has never been greater. These asset classes are becoming increasingly critical for investors seeking diversification, stability, and attractive risk-adjusted returns. Mandatum's expertise in these areas uniquely positions us to meet evolving client needs", comments Daniel Bergman, Sales Director at Mandatum Asset Management.

2024 marked a significant improvement in European leveraged loan issuance with ELLI surpassing €300bn for the first time. EUR Loans recorded another year of attractive returns, +9.1% gross, outperforming EUR HY for the fourth year in a row. As discussed in our January 2024 white paper, we found loans attractive for 2024, while the year turned out even more positive. Despite credit spreads having normalized and some risks still present, yields remain attractive and coupon return should drive above average carry also in 2025.   Read more: https://lnkd.in/dediv7tw

Mandatum’s loan strategies investing in European and Nordic leveraged loans have continued their strong growth, with assets under management rising to around EUR 1.6 billion at the end of November. These include a loan fund launched in 2022 for professional investors which has now exceeded EUR 550 million. “Leveraged loans offer investors access to a large distinct institutional market, not covered with other instruments, with a main focus on financing large mergers and acquisitions. They also offer portfolio diversification benefits and improve the portfolio’s risk/return ratios. Right now, the yield-to-maturity is over 7 per cent, which we think is attractive also in absolute terms,” says Head of Leveraged Finance Alexander Gallotti. Mandatum has offered its clients loan investment products since 2016. Mandatum is one of the leading Nordic investors in the leveraged loan market, and one of only a few Finnish players investing broadly in the European loan market. Over the past ten years, European leveraged loans have had high risk-adjusted returns, relatively stable returns even in periods of elevated volatility, and a low correlation to other markets, especially equities. Read more: https://lnkd.in/dad2R3c8

Mandatum Fund Management S.A. – or more familiarly Mandatum’s Luxembourg office – turned ten years this fall. Nowadays, the Luxembourg office has significant importance in growing Mandatum’s operations internationally. “We are excited to support Mandatum’s growth. A heartfelt thank you to all our clients for the past ten years. We appreciate your trust and look forward to continuing our great cooperation!” says Vesa Tyrisevä, Executive Director of Mandatum Fund Management S.A.

We are proud to announce that Mandatum has been awarded a Platinum Award in SFR Research’s Large category! Mandatum Asset Management ranked as the top institutional asset manager in the category of large companies, together with Danske Bank and Evli. This recognition stems from an annual comprehensive study conducted by SFR Advisors & Research Group, where over 100 Finnish Institutional investors evaluated 17 institutional asset management service providers. Mandatum received the highest grades in its category for long-term investment returns, market view and the clarity of its investment process. It was also praised for its customer service quality, product range and reporting services. Mandatum’s customer communication quality was ranked the best among large companies surveyed. “It is great that we have further improved our ranking in one of the most prestigious surveys in the sector and received the highest possible award. This indicates that through long-term work, we have been able to maintain an excellent level of quality in our investment operations and customer service, while maintaining smooth co-operation between all our different functions. I would like to express my deepest gratitude to our customers for their trust,” states Mandatum’s Chief Investment Officer Juhani Lehtonen.   For more information:  https://lnkd.in/dAd6T_HP

Mandatum has received excellent scores in the 2024 UN PRI (Principles for Responsible Investment) assessment, which evaluates the year 2023. Mandatum achieved the highest star scores in several categories.  The annual PRI assessment measures responsible investment practices. The assessment tells the organisation and its stakeholders how well the UN PRI’s principles are implemented in the organisation’s investment activities by asset class and which areas of investment operations are in need of improvement.  “We are extremely pleased with the results. In several asset classes, such as real estate and active indirect fixed income, we have managed to further improve our performance, and it is fantastic to see how our active work on responsibility has paid off. Direct private equity investments were included in the assessment for the first time and instantly achieved a five-star score. This is something we can be very proud of. Responsibility aspects emerge in many of the customer discussions we have, and I would like to thank all our clients for their excellent cooperation and dialogue on this topic”, says Sari Rajakangas, Head of Responsible Investments at Mandatum.   Find the PRI reports here: PRI Assessment report: https://lnkd.in/du4pMSWN PRI Public Transparency Report:  https://lnkd.in/durg8BWz Read more: https://lnkd.in/dr-xiib9