- Advertisement -

Related

Carnegie Fonder to Take Over Pandium Global

- Advertisement -

Stockholm (HedgeNordic) – Fund manager Carnegie Fonder has reached an agreement to take over value-oriented fund Pandium Global and employ its portfolio manager, Mikael Tarnawski-Berlin (pictured). Pandium Global is a global equity fund employing a value-based strategy that has delivered a compounded annual return of 12.5 percent since the fund’s inception in February 2014.

Both Carnegie Fonder and Pandium Global apply the principles of value investing to money management. “Mikael has demonstrated his skill as a fund manager and has an investment philosophy that fits well with our own. Pandium Global provides us with a fund that many of our clients would like to invest in,” Carnegie Fonder’s CEO, Hans Hedström, was quoted in a letter announcing the deal.

“We have for some time been analysing the potential of a global equity fund to complement our existing equity and fixed income funds focused on Sweden, the Nordic countries and emerging markets. Taking over Pandium Global provides us not only with a talented fund manager, but also an established fund with good historical returns,” added Hedström.

Mikael Tarnawski-Berlin is the largest shareholder of Pandium Global’s fund management company, Pandium Capital AB, and has managed his value fund alone since inception. “Carnegie Fonder is one of the market’s premier asset managers, and has the same long-term view and approach to stock picking and risk that I have. Moreover, Carnegie Fonder succeeds in combining the stability of the big players with the independence of the smaller providers, and I am entirely convinced that Carnegie Fonder is the right place for me and for Pandium Global’s unitholders,” Mikael Tarnawski-Berlin was quoted in the same announcement letter.

Pandium Global is currently structured as an alternative investment fund (AIF), but will be converted into a UCITS fund under the stewardship of Carnegie Fonder. This conversion will open the fund to a wider pool of investors. The fund currently manages SEK 81 million in assets under management. The whole transition process is anticipated to be completed after the summer, following the approval of the Swedish Financial Supervisory Authority.

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

HSBC’s Three Decades of Building Hedge Fund Portfolios

Hedge fund investing has become increasingly institutionalized and resource-intensive, requiring access to specialized managers alongside deep due diligence, portfolio construction, risk management, and ongoing...

The Benefits of Multi-Manager Portfolios in CTA Investing

At first glance, CTA investing can appear deceptively homogeneous. Many managers trade the same liquid futures markets and rely on systematic, trendfollowing models that...

Why Some Nordic Allocators Prefer Multi-Strategy Hedge Funds

Many institutional allocators spend years building portfolios of single-strategy hedge funds across different asset classes, geographies, and investment styles. Yet there is also a...

Allocators Seek Sharpe, Not Spectacle When Opting for Multi Managers

Global allocators are once again paying closer attention to multi-strategy and multi-manager hedge fund solutions. But unlike the years before the financial crisis, the...

Swiss Family Office Seeks $5 Million Allocation to Liquid Alternatives

A Swiss family office is seeking to allocate $5 million to liquid alternative investment strategies, including hedge funds, managed futures, commodities, and funds providing...

OP’s R2 Crystal Sees Stronger Case for Hedge Funds

For much of the past decade, hedge funds struggled to compete against strong beta-driven markets fueled by ultra-low interest rates and abundant liquidity. But...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -