- Advertisement -
- Advertisement -

Related

Accendo Rebounds Strongly in August on Hexatronic Boost

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Finnish activist hedge fund Accendo Capital gained 8.9 percent in August, rebounding strongly from the weak numbers experienced in July when the fund lost 5.4 percent. For the year-to-date, the fund is up by an impressive 19.1 percent which adds to a 30 percent gain in 2016 and a 49 percent gain in 2015.

Commenting on the performance for August, lead portfolio manager Henri Österlund (pictured) told HedgeNordic that the strong numbers were produced on the back of the fund´s holding in Swedish Hexatronic Group, a company specializing in fiber communications.

“August was a good month, but it was at the same time a recovery from a weaker July. Of the larger portfolio names, Hexatronic performed well on the back of strong Q2 results announced on August 24”, Österlund said.

Among new additions to the portfolio during the year, Österlund mentions a Finnish video game developer.

“Helsinki-based video game developer Remedy was added to the portfolio in May and it has contributed positively to the portfolio this year.”

Luxembourg-domiciled Accendo Capital invests in small and mid-sized publicly listed companies in Northern Europe that are considered sound but under-valued, and where opportunities to generate shareholder value through active ownership exist. Active ownership is exercised via multiple approaches, including representation on company boards of directors.

The fund has a particular focus on companies that are driving, or benefitting from, technological innovation.

 

 

 

 

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

Statistical Outlier Year for HCP Black

When HedgeNordic spoke with Tommi Kemppainen in early 2019, the CEO of Helsinki Capital Partners outlined a defensive positioning for the multi-strategy fund HCP...

Nordea Adds Systematic Fixed Income Expertise

Nordea Asset Management (NAM) has strengthened its data-driven investment capabilities with the addition of two London-based professionals, Lucette Yvernault and Marton Huebler, marking the...

From Short-Term Opportunity to Long-Term Outperformance

Borea Utbytte, a banking sector-focused equity fund under Norwegian boutique Borea Asset Management, celebrated its five-year anniversary at the turn of September to October....

Record Month for Tidan in Priced-to-Perfection Credit Market

Tidan Fund, a Stockholm-based hedge fund specialising in opportunities across corporate capital structures, marked its four-year anniversary in September with its strongest month on...

Zetterquist Leads Antiloop’s Reset as Cygnus and Atlas Gain Momentum

After helping build and later steer the operations of fund boutique Norron, first as COO and then as CEO, Alexander Zetterquist is embarking on...

From Running Laps to Running Capital: Ex-Taiga Analyst at DNB

After nine years as an analyst at equity long/short hedge fund Taiga Fund, Øystein Kvaerner has joined DNB Asset Management to launch a new...

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.