SEB Asset Selection awarded Best Ucits-Complian...

The SEB Asset Selection fund has been awarded the title Best
Ucits-Compliant Hedge Fund by the UK publication Hedge Funds Review.
The awards are recognising single manager hedge funds in the European
hedge fund industry.


SEB Asset Selection is a Ucits III compliant hedge fund targeting
absolute returns. The fund takes long and short positions in four
asset classes (equities, bonds, currencies and commodities) and is
targeting an annual return amounting to the risk free rate plus five
percentage points. The fund is aimed at institutional investors as
well as retail clients. Only two and a half years after launch, it
has become the Nordic region's largest hedge fund and SEB's fastest
growing fund ever, with assets currently at about ¤1.5 billion.

"We are very pleased to receive this award", says Hans-Olov
Bornemann, Senior Portfolio Manager and Head of Global Quant Team.
"When we invented the fund in 2005, our aim was to construct "the
ultimate fund", i.e. a fund which combined the best features of hedge
funds with the best features of normal mutual funds. Thus, the fund
is 100% actively managed, is targeting absolute returns, has an
attractive fee structure, is subject to a strict legal framework and
can be bought and sold on a daily basis, Bornemann concludes.

Hedge Funds Review's judging process begins by running a quantitative
screen over all entries to extract raw performance figures, as well
as other important metrics. To ensure consideration from the
perspective of every type of hedge fund investor, the judges were
selected from a wide variety of investor and advisor companies.

The SEB Wealth Management division has over ¤100 billion in assets
under management and more than 1000 employees. SEB is the largest
provider of alternative investments in the Nordic area, including
private equity and real estate assets.

SEB is a Northern European financial group serving some 400,000
corporate customers and institutions and five million private
individuals. SEB offers universal banking services in Sweden, Germany
and the Baltic countries - Estonia, Latvia and Lithuania. It also has
a local presence in the other Nordic countries, Poland, Ukraine and
Russia and a global presence through its international network in
leading financial centres. On March 31, 2009, the Group's total
assets amounted to SEK 2,460 billion and its assets under management
totalled SEK 1,187 billion. The SEB Group has about 21,000 employees.
Read more about SEB at www.sebgroup.com.

_____________________________________________
For further information, please contact:
Hans-Olov Bornemann, Head of Global Quant Team, Senior Portfolio
Manager,
[phone]
Press contact: Elisabeth Lennhede, [phone],
[e-mail]


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