News

Elementa Picks up Prize at Hedge Funds Review Awards

Stockholm (HedgeNordic) – Swedish long / short equity fund Elementa, launched in early March 2015 by fund manager Marcus Wahlberg, was awarded “Best New Hedge Fund” at the Hedge Funds Review European Single Manager Awards 2016.

Elementa invests in small and mid-cap stocks active in the Nordics using deep fundamental research to pick companies that Wahlberg believes have tangible profits and cashflow upside.

In 2015, the rookie fund delivered an impressive 17% and was the only fund in the universe of Nordic hedge funds to only report positive trading months. This is even more astonishing given this was the first year of the fund’s life when managers are most likely to be distracted by the mechanics of setting up a business. Markets were also not helpful, as the year was turbulent from the start.

Wahlberg started the fund with PSG Capital, a Stockholm based micro-cap long-only fund manager that incubated Elementa on its platform. This gave Wahlberg the opportunity to create his own management company, Elementa Management, while establishing a track record for the fund. He moved the fund this summer to his newly launched management company where he has a majority stake and in which PSG still holds around 10% interest.

Before setting up Elementa, Wahlberg was an investment director at Investment AB Öresund, a publicly listed investment company managing assets of more than SEK 4.5 billion. He was also CEO of its subsidiary Ven Capital (2012-14) and gained direct hedge fund experience from H Lundén Asset Management (2008-11), the management company of the hedge fund Eikos, a Skr4 billion long/short equity hedge and subsequently converted to a family office. His background includes work in mergers and acquisitions from Carnegie Investment Banking (2005-08), and Credit Suisse in London.

Elementa  also won best niche strategy emerging manager at the Hedge Funds Review European Single Manager Awards 2016 and was awarded “Best New Nordic Fund” at the 2015 Nordic Hedge Award.

close

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

Our newsletter is sent once a week, every Friday.

Most Popular Today

Most Popular This Week

- Advertisement - spot_img

Latest Articles

Adaptive Goes Bankrupt

Stockholm (HedgeNordic) – Linköping-based fund manager Adaptive Fonder AB has gone into bankruptcy due to insolvency, according to COO Gustaf Lange and Allabolag.se. Adaptive...

Month in Review – July 2022

Stockholm (HedgeNordic) – After suffering their worst half-year performance since the second half of 2008, Nordic hedge funds advanced 2.0 percent on average in...

Alecta’s Head of Real Assets Leaves for Heimstaden

Stockholm (HedgeNordic) – Frans Heijbel is leaving his role as Alecta’s Head of International Real Assets to join residential real estate investor and manager...

Real Assets PM Strömsten Friberg Joins Niam

Stockholm (HedgeNordic) – Infrastructure manager Niam Infrastructure has hired Johanna Strömsten Friberg as Associate Director from Swedish pension fund Alecta, where she worked as...

AP1 Duo Heading to New Fund Selection Agency

Stockholm (HedgeNordic) – In a series of new appointments, the new Swedish Fund Selection Agency – Fondtorgsnämnden – has hired Majdi Chammas and Tina...

A Dozen Nordic Nominees at HFM Awards

Stockholm (HedgeNordic) – About a dozen Nordic hedge funds have been shortlisted for the HFM European Performance Awards 2022, which recognize and reward the...