- Advertisement -
- Advertisement -

Related

Power Cables Jolt Origo Quest

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Origo Quest 1, the equity-focused hedge fund targeting small-cap companies undergoing transformations, just recorded its best month of the year so far. The fund run by Stockholm-based asset manager Origo Capital returned 4.15% net-of-fees in September, bringing the year-to-date return to 4.19%.

The Danish industrial conglomerate NKT Holdings contributed strongly to Origo Quest’s performance, as the shares rebounded after experiencing some weakness in August due to investor concerns over weak backlog in the firm’s power cables business. The Origo team used the share price weakness to increase the stake in NKT. This position accounted for 10.47% of Origo’s assets as of end September, representing the largest holding in the fund’s concentrated portfolio.

Communications equipment company Invisio enjoyed a strong increase in its share price in September, and contributed strongly to performance as well. The fund’s short position in Swedish construction company NCC AB was yet another solid contributor to performance, having suffered a sharp fall in its share price after issuing a profit warning during the month. Meanwhile, Origo’s short position in Hexpol AB, a Swedish company engaged in the manufacturing of polymer products, hampered performance, as Hexpol shares enjoyed a strong rally in September.

E-commerce conglomerate Qliro, which has been one of Origo’s largest holdings in the past year, ranks among the best-performing stocks in Sweden this year. The firm’s shares, which were worth SEK 8.65 apiece at the beginning of the year, are currently trading above SEK 19. The Origo team estimated in its annual report for 2016  Qliro’s value to equal SEK 3.1 billion, or SEK 21 per share, stating that “a structural change in the e-commerce conglomerate Qliro would likely create shareholder value.” As predicted, a successful structural change at the company has turned out to be fruitful after all. The Qliro position accounted for 10.17% of Origo’s assets at the end of September.

Origo Quest’s main share class generated an annualised return of 15.73% since its inception in early 2013, slightly above the upper end of its target range of 10-15%. The equity-oriented hedge fund targets Nordic companies with market capitalizations below SEK 10 billion at the time of investment, with the Origo team often taking an active role in the transformation process target companies undergo.

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

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Playing ‘Moneyball’ for Investors

Having managed the opportunistic hedge fund Pensum Global Opportunities under the Pensum Asset Management umbrella since 2022, Sector co-founder Peter Andersland has now established...

One Big Winner Lifts Accendo Into the Top Ten

When your portfolio holds six names, one big winner can move the needle in a major way. For Accendo Capital, September proved just that....

Slim Nordic Line-Up at HFM Awards

With Intelligence has revealed the shortlist for the HFM European Performance Awards 2025, featuring an unusually small number of Nordic hedge funds among this...

Record Gold, Rising Momentum

The NHX CTA Index gained in September 2025, supported by a broad-based trend environment. Most of the profits came from precious metals, as gold...

From Rocky Starts to Solid Returns and Milestones

Lynx Asset Management, best known for its flagship trend-following program Lynx, has in recent years expanded its product offering with the launch of Lynx...

Europe’s Infrastructure Transformation: Where the Smart Money is Going

Infrastructure is at the heart of Europe’s economic transformation. Richard Marshall, Head of Infrastructure Research at DWS, explores how subsectors like data centres, renewable...

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.