Stockholm (HedgeNordic) – Former head of Danske Capital Niels-Ulrik Mousten (pictured) is joining forces with Carsten Bach, a former investment manager  at Danske Bank, to launch Caba Capital, a new hedge fund expected to attract DKK 100 million in initial investments from institutional and private investors, the Danish financial daily Børsen has reported.

“We expect a high return of 8% with low volatility, and it will be an asset class that is not correlated with equities and bonds. At Danske we delivered higher returns than this, but at present I will not promise more than what I am convinced I can keep,” Carsten Bach told Børsen.

The pair expect total AUM to reach DKK 3 billion in the long run. Caba’s fixed fee will be 1%, with the performance fee at 15%, a premium described by Niels-Ulrik Mousten as “unassuming”.

Caba Capital will invest in the yield spread between Danish and Swedish mortgage and government bonds, and the hedge fund will be managed by Nykredit’s Administration portfolio. Nykredit Realkredit A/S is Denmark’s biggest mortgage lender. The minimum investment in Caba Capital will be DKK 750,000.

Picture source:

Print Friendly, PDF & Email
The following two tabs change content below.

Glenn Leaper

Glenn W. Leaper, Associate Editor with Nordic Business Media, completed his Ph.D. in Politics and Critical theory from Royal Holloway, University of London in the summer of 2015, and is currently involved with a number of initiatives, including advising businesses and writing his first post-doctoral book. While pursuing his academic career, Glenn is also in the process of founding a Communications Consultancy. Following experience with a number of international organizations, businesses and ventures, he believes there is always a way to objectively improve the presentation, and representation, of a company or individual, and thereby increase the confidence of investors, stakeholders, employers – and voters. In an era dominated by technological innovation, he believes the human component of communication and its inherent potential should be safeguarded and revitalized. Glenn’s services span a range of activities, from writing, editing and branding to speechwriting, delivery, and tactical and strategic advice. His objective is to always provide a client with the extra push that can make the difference between success and failure. His hope, over time, is to translate such contributions to the political arena. Glenn currently resides in Vienna, Austria, having an international background spanning the UK, US, France, Spain, Belgium and Denmark. He holds an MA in English from the University of London and a BA in International Relations from Webster University.

Leave a Reply

Your email address will not be published.

Time limit is exhausted. Please reload CAPTCHA.