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Danish Fund Manager Authorized In UK Market

by Carla Johnson, Investors Offshore.com

06 September 2006


Sparinvest, a Danish independent asset management group announced last week that it has received authorization from the Financial Services Authority to market its Luxembourg-domiciled fund range to UK investors with immediate effect.

Sparinvest’s Head of Business Development, Frits Carlsen commented: “This is excellent news for Sparinvest. We are really looking forward to doing business in the UK and to introducing our unique brand of value investing into this hugely influential market.

“It seems that UK institutions like to keep a close eye on what’s happening on the international fund scene because we have already had a number of enquiries about our Sparinvest Global Value equity fund on the basis of its performance to date and its positive profile with a number of ratings agencies.”

Sparinvest’s principal product for the European marketplace is the Luxembourg-registered Sparinvest SICAV which currently comprises the following subfunds:

  • Sparinvest Global Value – Net assets € 506.4 million
  • Sparinvest Long Danish Bonds – Net assets DKK 311.6 million
  • Sparinvest High Yield Value Bonds– Net assets € 174.3 million

New retail and Institutional GBP and EUR denominated share classes are now available in each of these subfunds and Sparinvest has restructured them to act as distribution funds in order to obtain UK distributor status. The SICAV is already authorized for sale in Luxembourg, Germany, Denmark, Holland, Sweden, Norway and Iceland.

In 2006 to date, Fund Manager Jens Moestrup Rasmussen and his team have received several industry accolades including the Lipper Best Fund Award 2006 and the Lipper National Fund Awards 2006 in The Netherlands, in the category global equity funds over three years

Sparinvest is one of Denmark’s leading independent asset managers, founded in 1968 and with offices in Copenhagen and Luxembourg. Sparinvest's products are aimed at both institutional and private investors, and are offered through a number of first-class financial institutions. As at end June 2006, Sparinvest managed and advised on assets in excess of 11bn.


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