About us
Change and progress are the building blocks of our asset management. Our unique vision challenges the norm, drives innovation and aims to drive meaningful change. Our goal is to create products that enrich our customers' lives and deepen their understanding of the world around us. We are driven by the responsibility of actually being able to influence and make a change. Real change. Knowledge, passion and experience drive us towards continuous improvement and development. We are proud of our craftsmanship and work continuously to refine our know-how and our products. We believe that every detail is important to create change, and we strive to always be experts in our field. We are convinced that the key to future asset management lies in transparency. We are honest and open about our way of working and our impact on the market and the world. In a traditionally inaccessible industry, our role is to educate, inform and become a role model for a new approach to asset management. We see it as our responsibility to contribute to a more transparent and understandable industry.
Governance
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Cecilia Lager
Chairwoman, Ruth Asset Management
Cecilia has extensive experience from the financial market and has, among other things, been CMO at Alecta, Head of SEB Funds and COO at SEB Asset Management. In the last 8 years, she has had several assignments as an independent board member.
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Svante Sundholm
Board member, Ruth Asset Management
Svante has over 20 years of experience in the banking and financial market and has previously been business area manager for, among others, Securities Finance and Equity Trading at Nordea. For the past four years, he has worked independently as a senior business advisor and held several board assignments.
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Glenn Nilsson
Board member, Ruth Asset Management
Glenn has over 30 years of experience from the insurance and finance market and was previously Group deputy at Max Matthiessen. In recent years, he has worked independently as a senior advisor and held several different board assignments, including for SFM, InsureSec, InsureEd, Lånekoll and Max Matthiessen Värdepapper.
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Rikard Andersson
Board member, Ruth Asset Management
Rikard has over 25 years of experience in the financial market, and he is also a board member of Andra AP-fonden.
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Veronique Trausch
Chariwoman, Ruth Asset Management SICAV
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Hedda Påhlsson-Möller
Board member, Ruth Asset Management SICAV
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Emil Westgren
Board member, Ruth Asset Management SICAV
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Joakim Fick
Board member, Ruth Asset Management SICAV
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Niklas has 20 years of experience in the financial market. He has previously held the position as CEO at Öhman Bank in Luxembourg and asset manager at Tredje AP-fonden.
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Sebastian Siegl
Business area manager, Ruth Corporate Services
Central functions
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Alexis has worked in the financial market since 2009. He has previously been employed at, among others, Avanza Bank and was responsible for the valuation function at Avanza Fonder.
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Linus has studied finance and played division 1 tennis at Stetson University in the United States. During his time at university, he got involved in various organisations, e.g. in the Roland George Investment Program, which is one of the country's oldest and best investment programs.
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Josefin has worked with sustainability issues in private, public and academic contexts for 10 years. She holds an MSc from Copenhagen Business School and a BSc from Stockholm School of Economics.
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Nellie has worked in the company for 6 years and held several different roles, including in marketing, sustainability and finance. She has a BSc and an MSc from the Stockholm School of Economics.
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Daniel has worked for over 20 years in the financial market and has broad and deep experience from management roles in companies under supervision. He has a law degree from Lund University.
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Hanna has previously been employed at FCG and Gernandt & Danielsson. She has a law degree from Uppsala University.
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Tania is the AML/CTF compliance officer for several companies within the Max Matthiessen Group. She has previously been a consultant in regulatory compliance and has a master’s in business law.
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Viveka has over 20 years of experience in HR roles within private business. She has been Head of HR & Sustainability at Bliwa Livförsäkring and has held leading HR positions at Telenor and Skandia.
Portfolio managers
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Per has worked in the financial market since 2008. He has an MSc in Economics from Uppsala University and CFA Charter.
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Christoffer has worked in the financial market since 2015 and was previously employed at the major banks Nordea and SEB. He has a master's degree in financial analysis from Jönköping University.
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Ola has worked in the financial market since 2007 and has previously been employed at, among others, Carnegie Asset Management. He is a civil engineer with a background as a radiation physicist at Karolinska University Hospital.
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David has played football at the highest American college level. He has a degree in Technical Physics from Stetson University in the United States, where he received the Outstanding International Student and Best Senior Research awards.
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Henrik has worked in the financial market since 1995 and has previously been employed at, among others, Swedbank, Handelsbanken and Danske Bank.
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Eric has worked in the financial market since 2015 and has previously been employed at, among others, SEB and Hoist Finance. He has a master's degree in financial mathematics from KTH and a CFA Charter.
External portfolio managers
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Bjarne Graven Larsen
Portfolio Manager
Bjarne is CEO and founder of Qblue Balanced. He previously worked as CIO and was a board member of the Ontario Teachers' Pension Plan and ATP, Denmark.
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Fredrik Martinsson
Portfolio Manager
Fredrik is the CIO of Qblue Balanced. He has previously worked for 15 years at ATP in various roles.
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Lars Voss Toft
Portfolio Manager
Lars is a portfolio manager at Qblue Balanced and responsible for the development of the Sustainability CubeTM. He previously worked at ATP and has an MSc from the Danish Technical University.
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Thomas Stryger Olsen
Portfolio Manager
Thomas is a portfolio manager at Qblue Balanced. He previously worked at ATP and has an MSc from the Danish Technical University.
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Shoqat Bungalawala
Portfolio Manager
Shoqat is managing director of Multi-Asset Solutions at Goldman Sachs Asset Management. He has over 25 years of experience in the financial market and holds a CFA Charter and has studied at the London School of Economics.
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David Copsey
Portfolio Manager
David is executive director of Multi-Asset Solutions at Goldman Sachs Asset Management. He has over 15 years of experience in the financial market and has studied at Loughborough University.
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Alexis Deladerrière
Portfolio Manager
Alexis is a partner in Fundamental Equity at Goldman Sachs Asset Management. He has over 20 years of experience in the financial market and a CFA Charter.
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Jennifer Sullivan
Portfolio Manager
Jennifer is a portfolio manager at Goldman Sachs Asset Management. She has previously worked as an analyst at for example Citadel and has studied at Stanford University.
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Mattias Martinsson
Portfolio Manager
Mattias is managing director and partner at Tundra Fonder. He has 27 years of experience in investments in emerging markets. Mattias began his career at HQ Bank, where he was Co-Head of Emerging Markets for the last six years. He has a university degree from Lund University and is one of the founders of Tundra Fonder.
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Mathias Althoff
Portfolio Manager
Mathias is Vice Chief Investment Officer and partner at Tundra Fonder. He has worked with emerging markets for over 20 years at, among others, HQ Bank and Carnegie. Mathias has a master’s degree in economics from Uppsala University and has studied at the University of Calgary.
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Jennie Ahrén
Portfolio Manager
Jennie is sustainability manager and partner at Tundra Fonder. She is a researcher with a doctorate from Karolinska Institutet and has many years of experience from various research environments as well as collaborations between research and other entities within business, authorities and non-profit organizations. She is currently chairman of SWESIF's board.
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Anna Strömberg
Portfolio Manager
Anna has worked in the industry since 1997. She is a portfolio manager and sustainability officer at Carnegie Fonder and has previously, among other things, been a portfolio manager at Aragon Fonder, Nordea and Catella Fonder.
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Mattias Sjödin
Portfolio Manager
Mattias has worked in the industry since 1997. He is a portfolio manager at Carnegie Fonder and has previously been a partner at Madrague, portfolio manager at Investor and a company analyst.
Legal information
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Ruth Asset Management AB (hereinafter the Fund Company) must act exclusively in the mutual interest of the fund unit holders and customers and ensure that all fund unit holders and customers are treated fairly. To ensure that this is done, the Fund Company has adopted internal rules on the best possible results in accordance with the law and Finansinspektionen’s (the Financial Supervisory Authority's) regulations.
The purpose of the internal rules is to determine how the best possible results are to be achieved when trading on behalf of the funds and the discretionary portfolios. The internal rules essentially mean that when carrying out portfolio transactions and placing orders, the Fund Company must achieve the best possible results based on the respective fund's goals, investment orientation and risk profile. When trading on behalf of a discretionary portfolio, the Fund Company uses characteristics of the customer as a starting point. One factor that is considered is whether the customer is categorized as a non-professional or professional customer.
In order to achieve the best possible results, the Fund Company must consider the following factors:
- Price
- Cost
- Speed
- Probability of execution and liquidation
- The size of the transaction
- The nature of the transaction
- Other conditions essentials for the execution
The Fund Company can carry out a portfolio transaction on behalf of a certain fund together with another portfolio transaction, a so-called aggregation. An aggregation only takes place if it is unlikely that it will be to the detriment of any of the fund unit holders. The result of the transaction is distributed fairly.
The Fund Company evaluates and, if necessary, updates its internal rules on the best possible results annually.
For more information about the internal rules on best possible results, please contact us at info@ruthassetmanagement.com
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According to Finansinspektionen’s (the Financial Supervisory Authority) regulations, fund companies may only pay or receive a fee or commission or give or receive a benefit in kind ("incentive") in connection with fund management under certain conditions. If incentives are paid or given to, or by, a third party, the incentive must be designed to increase the quality of the fund management operations and must not prevent the company from acting in the interests of the fund unit holders.
Ruth Asset Management AB (hereinafter the Fund Company) receives compensation from the securities funds for its management, analysis, administration, audit, bookkeeping and record keeping as well as for the cost of the depository and Finansinspektionen’s (the Financial Supervisory Authority) supervisory activities. The compensation consists of a fixed management fee in accordance with the fund regulations for each fund. In addition, the fund pays any tax, custody fee, liquidation and trading fee (brokerage) and equivalent to third parties. In interest rate trading, no fee is charged, but instead there is a so-called spread (the difference between the buying and selling price). The Fund Company pays for external investment analysis that is used in the asset management work.
In the case of discretionary portfolio management, the Fund Company receives compensation according to the agreement reached with a certain percentage of the capital under management.
The Fund Company has entered into agreements with distributors (banks, insurance brokers, insurance companies and securities companies) that offer the Fund Company's securities funds. Compensation is paid to these distributors in the form of a percentage of the management fee that the Fund Company receives on the capital that the distributors provide.
The Fund Company does not receive compensation in the form of goods or services in connection with transactions on behalf of the funds/portfolios (so-called soft commission).
For more information, please contact us at info@ruthassetmanagement.com
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If you are dissatisfied with any of our services, please contact us with a written explanation of the circumstances that give rise to your dissatisfaction. Attach copies of relevant documents and name(s) of the intermediary or intermediaries you may have had contact with.
Send the letter to Ruth Asset Management AB, Att Klagomålsansvarig, Box 3208, 103 64 Stockholm.
If we are unable to clarify, investigate and respond to your complaint within 14 days of the letter being received by us, we will notify you in writing with an approximate time when you can expect to receive a response. Our goal is always for all complaints to be processed correctly and quickly.
If you want guidance in a complaint matter, you can turn to Konsumenternas Bank- och finansbyrå (the Swedish Consumers' Banking and Finance Bureau, bankforsakring.konsumenternas.se) or your municipality's “konsumentvägledning” (consumer guidance).
You can also contact Allmänna Reklamationsnämnden (the National Board for Consumer Disputes, ARN) or a public court to have your complaint heard, in the event that you consider it not handled correctly.
For more information, please contact us at info@ruthassetmangement.com
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Ruth Asset Management AB processes personal data in connection with unit holding/customer relationship or otherwise processed when the assignment is prepared or administered.
The personal data controller is Ruth Asset Management AB. Our customers’ personal data will be collected and processed in accordance with Ruth Asset Management AB's privacy policy.
For more information, please contact us at info@ruthassetmangement.com
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Market soundings are carried out to, for example, assess the interest of potential investors in a possible transaction and its pricing, size and structuring. Market soundings are important for a well-functioning capital market. In accordance with current rules regarding market abuse, Ruth Asset Management AB has appointed special contact persons for market soundings.
The contact person for market soundings on the equity market is Christoffer Johansson and the contact person for market soundings on the interest rate market is Henrik Rosencrantz.
Christoffer Johansson
+46 (0) 72 500 16 19
christoffer.johansson@ruthassetmanagement.comHenrik Rosencrantz
+46 (0) 278 81 77
henrik.rosencrantz@ruthassetmanagement.com
For more information, please contact us at info@ruthassetmangement.com
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Ruth Asset Management AB's board has adopted a remuneration policy that is compatible with and promotes sound and efficient risk management and discourages excessive risk-taking. The remuneration policy is compatible with the company's business strategy, goals, values, management of sustainability risks and long-term interests as well as the funds' risk profile and fund regulations. The remuneration system must comply with the external rules applicable at all times.
The purpose of the remuneration policy is, among other things, to ensure a good balance between fixed and possible variable remuneration. The fixed part of the remuneration must account for a sufficiently large part of the total remuneration so that it is possible to set all variable remuneration at zero. The variable remuneration can amount to a maximum of 12 monthly salaries.
The remuneration system is designed to prevent conflicts of interest from arising as much as possible. The purpose of the variable remuneration is to stimulate healthy behaviours and desired results. The remuneration system is designed to encourage employees to consider and work preventively against sustainability risks and excessive risk-taking. Variable remuneration is applicable only if predetermined measurable quantitative and qualitative criteria are met. Measurable means that it must be possible to evaluate afterwards the degree to which the established criteria are met.
The remuneration system is followed up and evaluated regularly. A control function must annually check the remuneration system and the compatibility of the remuneration with the remuneration policy. The result must be reported to the board.
For more information, please contact us at info@ruthassetmanagement.com
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Ruth Asset Management AB (hereinafter the Fund Company) has an obligation to identify and manage conflicts of interest. The Fund Company has, in accordance with Finansinspektionen’s (the Financial Supervisory Authority) regulations, established internal rules for how the company should identify and handle conflicts of interest. The purpose of the internal rules is to prevent conflicts of interest from arising and, if a conflict of interest does arise, to prevent the customers' interests from being negatively affected.
Since the Fund Company is part of a company group, the internal rules also take into account circumstances that may give rise to a conflict of interest as a result of the group's structure or the operations of other companies in the group.
In the internal rules, the Fund Company has identified the circumstances that constitute or may give rise to a conflict of interest that entails a risk that the interests of fund unit holders or other customers are adversely affected and has specified which routines must be applied and which measures must be taken to handle such conflicts.
For more information, please contact us at info@ruthassetmangement.com
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According to the Securities Market Act (2007:528), all clients of securities institutions must be divided into different groups in order to adapt the level of protection.
The customers are divided into the following three different customer categories:
- Non-professional customer (usually private individuals and small businesses).
- Professional customer (usually credit institutions and other financial institutions).
- Equal counterparty (authorities, central banks and other banks).
In connection with the provision of discretionary portfolio management, Ruth Asset Management AB (hereinafter the Fund Company) basically categorizes all of its clients as non-professional customers, unless otherwise agreed. A customer in this group is subject to the highest level of protection under the Securities Market Act. This means, among other things, that the Fund Company will provide information about financial instruments and the risks associated with them as well as costs and other fees for trading in them. When providing discretionary portfolio management, a suitability assessment is made against the background of the customer's purpose for the investment, the customer's financial situation and the customer's experience and knowledge.
A customer has the option, under certain conditions, to change customer category from non-professional customer to professional customer. A change of customer category to professional customer means that the customer's level of protection is reduced compared to if the customer belonged to the category non-professional customer.
For more information, please contact us at info@ruthassetmangement.com
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As a fund company, Ruth Asset Management AB (hereinafter the Fund Company) represents the unit holders in all matters relating to the managed funds, which means, for example, that the Fund Company represents the unit holders in ownership matters. The Fund Company represents the unit holders in ownership matters with the aim of creating a good return for the unit holders and at the same time working for sustainable development.
The Fund Company's shareholder commitment policy specifies how the Fund Company must contribute to good development in companies and add value as an owner, within the framework of commitments regarding responsible investments and responsible ownership. This can be done, for example, through dialogues and voting at general meetings.
The Fund Company exercises the rights with the aim of maximizing the holdings' value in the long-term. The objective of the portfolio management is to achieve the highest possible return, taking into account the fund's investment orientation and risk.
Policy for shareholder engagement
For more information, please contact us at info@ruthassetmangement.com
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Ruth Asset Management AB engages Deloitte AB, with authorized auditor Henrik Nilsson as the auditor in charge, for external audit, FCG Risk & Compliance AB for internal audit, Hanna Bergström Raouf at Max Matthiessen AB for the regulatory compliance function, ISEC Services AB for certain fund administrative services and CAG Datastöd AB for certain IT services.
For more information, please contact us at info@ruthassetmangement.com