- Advertisement -
- Advertisement -

Elementa Picks up Prize at Hedge Funds Review Awards

- Advertisement -

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.

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

Our newsletter is sent once a week, every Friday.

Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

Latest Articles

Rhenman Embracing Change Amid an Ever-Changing Healthcare Sector

Stockholm (HedgeNordic) – The largest equity hedge fund in the Nordics with assets under management just shy of $1 billion, the Rhenman healthcare fund,...

Inside Ilmarinen’s Approach to Hedge Fund Allocation

Stockholm (HedgeNordic) – Ilmarinen, in a tight race with Varma as Finland’s largest earnings-related pension insurance company, has emerged as a noteworthy investor in...

Nordic Hedge Fund Industry Report 2024

Stockholm (HedgeNordic) – HedgeNordic’s Nordic Hedge Fund Industry Report kicks off with an analysis of the industry’s performance across different asset size ranges. This...

BlueOrchard’s Climate Insurance PE Fund Edges Toward $100M

Stockholm (HedgeNordic) – BlueOrchard’s private equity fund dedicated to climate insurance has secured commitments of close to $30 million from two new investors, British...

Smooth Sailing in Rough Seas

Stockholm (HedgeNordic) – Gersemi Shipping Fund has emerged as a notable recent addition to the Nordic hedge fund industry. However, the founder and manager...

Absolute Returns in Impact-Screened High-Yield Market

Stockholm (HedgeNordic) – While many high-yield bond investors prioritize avoiding defaults, there is one team in the Nordics that does not shy away from...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets


Request for Proposal

- Advertisement -