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MAGNUSSON ADVISED SVENSKA BOSTADSFONDEN ON THE APPLICATION TO THE SWEDISH FINANCIAL SUPERVISORY AUTHORITY

2015-03-27

Svenska Bostadsfonden Management AB has been authorized by the Swedish Financial Supervisory Authority (Finansinspektionen) to manage alternative investment funds (AIF funds).

Management of the AIF funds is governed by the so-called AIFM Directive, implemented in Swedish law by the Alternative Investment Fund Managers Act (2013:561). The new rules affect anyone who manages funds in any sense but that is not mutual funds. With this authorization Svenska Bostadsfonden becomes one of the first real estate funds in Sweden to obtain approval under the new law.

Magnusson has since the law was introduced assisted a large number of companies that have been authorized to manage AIF funds. Examples of such companies are Excalibur Värdepappersfond AB, Enter Fonder AB, Lancelot Asset Management AB, Max Mitteregger Kapitalförvaltning AB, Optimized Portfolio Management Stockholm AB and RAM ONE AB.

The team included Björn Wendleby (lead partner) and senior associate Gustav Sälgström.

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