- Advertisement -
- Advertisement -

Resscapital Strengthens Portfolio Management Team

Report: Systematic Strategies

- Advertisement -

Stockholm (HedgeNordic) – Stockholm-based alternative investment manager Resscapital AB has announced the addition of Fredrik Thor (pictured) as new portfolio manager to Ress Life Investments, strengthening its existing portfolio management team. Thor joins Resscapital after a 15-year journey at Swedish pension fund AMF Pension.

“With his long experience in financial markets and portfolio management, Fredrik brings valuable knowledge to our company,” Gustaf Hagerud, the managing director of Resscapital, comments on Thor’s appointment. “As an investment manager in a complex asset class, Fredrik’s strong academic background will further strengthen our ability to deliver attractive and predictable returns to our investors,” he adds.

Ress Life Investments invests in the secondary market for U.S. life insurance policies in an attempt to provide uncorrelated returns. The investment vehicle acquires life insurance policies from original owners for lump sums lower than their face values, but much higher than the surrender values policyholders can get by voluntarily terminating the policies. Ress Life Investments then takes over the payments of premiums and receives the insurance payout upon the insured’s death. The fund returned 9.9 percent last year, handily beating its annual target return of seven percent. Ress Life Investments was last year’s fourth best-performing member of the Nordic Hedge Index (NHX).

Fredrik Thor has 25 years of experience in the financial industry, including many years as portfolio manager of global equities at AMF Pension. During his 15-year tenure at AMF, he was also active in infrastructure investments and served as a director of offshore windfarm company Ormonde Energy Limited. Thor also has experience in equity derivatives, experience acquired between 1994 and 2003 as part of ABB Aros Securities.

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

The Value of Short Selling for Symmetry

Stockholm (HedgeNordic) – Stock-picking hedge fund Symmetry Invest has achieved a net-of-fees annualized return of 18 percent since its inception just over 11 years...

Month in Review – June 2024

Stockholm (HedgeNordic) – Despite June marking the end of a long streak of consecutive positive months, the Nordic hedge fund industry still achieved its...

New Equity Managers Join Borea to Bolster Fund Offerings

Stockholm (HedgeNordic) – Following the acquisition of a majority stake by Frendegruppen – a consortium of Norwegian independent banks, Borea Asset Management is strengthening...

Obligo Raises Final €75 Million for PE Fund

Stockholm (HedgeNordic) – Obigo Investment Management has announced the final close of its infrastructure-oriented private equity fund, Obligo Nordic Climate Impact Fund (ONCIF), raising...

RFP: Irish Investor in Search of Tail Risk Mitigation

Stockholm (HedgeNordic) – An Irish institutional investor seeks an overlay manager or managed options strategies to mitigate tail risk in its €2.5 billion fund-of-funds...

Cevian on Buying Spree, Discloses 5% Stake in Smith & Nephew

Stockholm (HedgeNordic) – Swedish activist investor Cevian Capital has disclosed a five percent stake in UK medical device manufacturer Smith & Nephew, signaling intentions...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -