- Advertisement -
- Advertisement -

Related

Former Camelot PM in new hedge fund launch

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Michael Idevall, former portfolio manager of Swedish global equity fund Camelot, is launching a new hedge fund called Arcturus. The fund will be seeded by Bure, a Swedish investment company, according to a press release.

Arcturus is a global long/short equity strategy that will focus on the US and European markets. It will primarily trade equities and currencies with a maximum net exposure of 150 percent and a minimum net exposure of – 50 percent.

Idevall has previously worked as analyst, equity strategist and portfolio manager in a number of leading Swedish institutions. During his 12 years at Camelot the fund realized an annual return of 15,7 percent and had an accumulated return of 479 percent. A comparable benchmark returned 10,8 and 244 percent respectively, the press release states. In 2014, Camelot was awarded fund of the year by EuroHedge.

In a comment, Michael Idevall says: “I am excited by the fact that Bure and a number of other leading institutions have chosen to invest in Arcturus. We share the view that successful asset management must be active and allow for short positioning in order to be independent of the general market direction. We have a number of years of great uncertainty ahead of us and we are convinced that Arcturus has the mandate required to navigate and profit from this type of market environment.”

 

Picture: (c) shutterstock_Lightspring 

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

Small But Mighty: Norwegians Lead Performance Tables

While Sweden and Denmark may dominate the Nordic hedge fund industry in terms of assets under management, 2025 has so far belonged to Norway....

Avanto Right Tail Crosses 100% Since Inception

Lars Mikelsen, portfolio manager of Avanto Right Tail, runs a strategy designed to capture extreme upside events through concentrated bets on themes such as...

Nordic Hedge Funds Extend Solid Run Through Summer

Nordic hedge funds continued their strong run since May, closing out the summer on a positive note with an average gain of 0.5 percent...

Pasi Havia Bids Farewell to HCP, Quant Strategy Carries On

After more than a decade at Helsinki Capital Partners (HCP), portfolio manager Pasi Havia has stepped down from his role, leaving behind the management...

Fresh Talent, New Funds: ALCUR Expands Reach in Retail Segment

After a wave of portfolio manager hires earlier this year, stock-picking fund boutique ALCUR Fonder is preparing to launch several new funds aimed at...

Quirky Questions for Kathryn Kaminski (AlphaSimplex)

Not every hedge fund conversation needs to revolve around performance charts or trade execution. In HedgeNordic’s Quirky Questions series, we look beyond the strategies to the...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.