London-based asset manager Threadneedle Investments is set to open an office in Stockholm, Sweden’s capital, after having registered its SICAV funds with the Swedish regulator last year.

The firm sees the Scandinavian countries as a growth market and has relocated one of its London-based sales managers, Jalil El Khalifi, to start up the new office. He will report to Nina Movin, Threadneedle’s Nordic sales director, who will continue to be based in Copenhagen.

Separately, the firm has launched the Threadneedle European Absolute Alpha Fund. The Luxembourg-domiciled fund will invest in Pan-European equities under the management of Paul Doyle, who formerly ran the Threadneedle Apex European Fund. It will not be ready for Swedish investors.

Threadneedle had €72 billion ($92 billion) in assets under management at the end of September last year.