The flagship fund, SEB Asset Selection (approx. USD 1bn in AUM), is run with a 10% volatility target. The strategy is also offered in two other versions: SEB Asset Selection Opportunistic with a 20% volatility target and SEB Asset Selection Defensive with a 5% volatility target. The investment team, headed by Hans-Olov Bornemann, a former Managing Director of Deutsche Bank, has been 100% stable (i.e. no defections) since its foundation in 2003 and has won awards and/or shortlistings by international hedge fund magazines each year since the fund was launched in 2006.