- Advertisement -
- Advertisement -

Related

Carnegie Fonder to Take Over Pandium Global

Latest Report

- 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

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.