Stockholm (HedgeNordic) – The board of Resscapital has appointed Gustaf Hagerud (pictured) as new Managing Director for the company, a press release states.

Hagerud has over 30 years of experience in the financial industry. Prior to joining Resscapital, he worked during two years for a fund manager in London. Before his move to London, Hagerud was deputy CEO and Head of Asset Management at the Swedish public pension fund AP3.

Hagerud spent seven years at AP3 and before that ten years working with asset allocation at Alecta and AP1. Prior to that, he was a trader in various asset classes.

“Gustaf brings a wealth of knowledge about the financial markets and extensive experience from managing large and complex assets. This is very positive for the company and I’m really pleased”, says Jonas Martenson, founder of Resscapital in a comment.

Resscapital AB, which is an alternative investment fund manager authorised and regulated by the Swedish Financial Services Authority, have since 2011 bought a diversified life insurance portfolio on behalf of Ress Life Investments, which is listed at Nasdaq Copenhagen.