Simplicity to Acquire Norron’s Fund Management Business

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Simplicity to Acquire Norron’s Fund Management Business

hedgenordic

3 weeks ago

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Varberg-headquartered asset manager Simplicity AB has agreed to acquire Norron’s fund management business, taking over the management of the five UCITS funds that comprise the Norron SICAV in Luxembourg. The transaction includes two corporate bond funds, one equity fund, and two absolute return funds, currently managing approximately SEK 8 billion.

Following the acquisition, Simplicity’s assets under management will exceed SEK 51 billion, including roughly SEK 37 billion invested in corporate...

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