- Advertisement -
- Advertisement -

Elementa Spins out of PSG

- Advertisement -

Stockholm (HedgeNordic) – Elementa, the Nordic focused long/short equity fund managed by Marcus Wahlberg (pictured), has received authorisation from the Swedish Financial Supervisory Authority (FI) to become its own Alternative Investment Fund (AIF).

Previously, Elementa was managed within PSG Capital who acted as the AIF.

The new company will be named Elementa Management AB and will have Wahlberg as a majority owner. Other owners include AOM Holding, Filip von Uexkull, Matts Ekman, PSG Capital and Skagerack Ventures. The transition was approved by FI as of May 25, 2016.

In a comment, Marcus Wahlberg says: “We are very pleased to have received authorisation to run Elementa as a standalone company which also means that new resources will be tied to the fund. The fund´s asset base is now sufficiently large to make this transfer and to carry the costs associated with being an AIF.”

The transfer will have no effect on the current unit holders in the fund, the statement says.

Elementa started in March 2015 and has returned 17.6 per cent net of fees to its investors as of April 30, 2016. During the same time period, the SIX Return Index, a proxy for Swedish equities, declined by 5 per cent. The fund was awarded “Rookie of the Year – 2015” at this year´s Nordic Hedge Award.

An extensive interview on Elementas trading strategy can be read here (in Swedish language): interview Marcus Wahlberg



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

Scandinavian Credit Fund I to Wind-Down Amid Redemption Wave

Stockholm (HedgeNordic) – After a brief suspension of deposits and withdrawals in December to address a surge in redemption requests, Scandinavian Credit Fund I...

Brummer´s Ann-Sofie Odenberg Joins PRI’s Advisory Committee

Stockholm (HedgeNordic) – Ann-Sofie Odenberg, Head of Sustainability at Brummer & Partners, has joined the PRI Hedge Fund Advisory Committee with the aim of...

Truepenny Appoints CEO in Launch Preparation

Stockholm (HedgeNordic) – Truepenny Capital Management founded by CIO Thomas Orbert, a former portfolio manager at Swedish hedge fund Nektar Management, has appointed Thomas...

St. Petri Cancels Launch of Small-Cap Fund

Stockholm (HedgeNordic) – St. Petri Capital, a Danish fund boutique, has scrapped its plans to launch a long-only European small-cap fund due to insufficient...

Triodos IM Partners with Cultura Bank in Norway

Stockholm (HedgeNordic) - Already having products available for distribution in Sweden and Denmark, Dutch Triodos Investment Management is further expanding its outreach in the...

Nordic Hedge Award – The Most Wonderful Time of the Year (A Summary)

Stockholm (HedgeNordic) – For us at HedgeNordic, the Nordic Hedge Award is always the highlight of the year. It’s a special occasion where the...

Allocator Interviews


Most Popular This Week


Request for Proposal

- Advertisement -