- Advertisement -
- Advertisement -

Related

Origo reinforces bullish stance on Qliro following strong numbers and revised strategy

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – The Swedish E-commerce company Qliro, on Wednesday released its Q4 report for 2016 which showed significantly improved numbers. The company also presented a revised strategic focus and reinstated its financial goals. The share of the company rose sharply on the news.

In a comment to HedgeNordic, Staffan Östlin (pictured left), portfolio manager of Swedish long/short equity hedge fund Origo Quest 1, a fund that has Qliro as one of its key holdings, says:

“What stands out is online retailer ‘Nelly’ that saw significant sales growth during the period which also shows at the bottom line, the margin was definitely above expectations. We were also impressed by the average purchase number which increased. At the same time, the amount of Nelly-labeled merchandise sold increased from 37% to 44% in Q4.”

Östlin is also very optimistic with regards to the revised strategy focus.

“Through the new strategy. more focus can be put on the big value driver Qliro Financial Services. All in all this was the first positive surprise from Qliro in a long time, we have reinforced our bullish view on the company”.

In a recently published yearly review for the hedge fund Quest 1, Origo writes that they increased the position in Qliro significantly in January and February of last year at an average price of 7 SEK. The closing price of Qliro Wednesday was 10.95 SEK, translating into a one-day gain of 20%.

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

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...

Active Decisions in Passive Wrappers: Othania on ETF Innovation

Founded in early 2016 by brothers Vincent Dilling-Larsen and Christian Mørup-Larsen, Danish fund boutique Othania built its foundation on a proprietary risk model, “Tiger,”...

Rettig Appoints Crescit Manager to Oversee Hedge Fund Strategies

Simon Borgefors has joined Finnish family-owned investment company Rettig as Investment Director for hedge fund strategies in Stockholm, leaving Swedish hedge fund boutique Crescit...

€5m Ticket to Nordic High Yield From German Family Office

A German family office plans an initial €5 million commitment to a UCITS‑compliant Nordic high‑yield fund, with capacity to scale over time. According to...

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.