- Advertisement -
- Advertisement -

Danish Value Fund Joins the NHX

Report: Private Markets

- Advertisement -

Stockholm (HedgeNordic) – Symmetry Invest A/S, a Danish long/short equity fund founded and managed by a former accountant, has joined the Nordic Hedge Index. Founded in March of 2013 by Andreas Aaen (pictured), Symmetry Invest employs a value-oriented investment approach to find opportunities primarily among European small- and mid-cap companies.

Symmetry Invest predominantly focuses on the European small- and mid-cap segment, “where founder-led companies are typically mispriced and offer significant long-term compounding potential,” explains Aaen. The team running Symmetry Invest relies on fundamental research to find long and short ideas among smaller-sized European companies. The fund hedges away some of the market exposure using short positions, with the fund typically maintaining a net exposure between 40 and 80 percent. The beta-adjusted market exposure is generally lower, emphasizes Aaen.

Aaen uses his experience as an accountant to “value companies, identify important KPI and unit economics, as well as figure out accounting irregularities” in short candidates. “The fund started with the purpose of just managing family money, but good returns and interest from other investors gave the opportunity to open up for external money, get licensed by the authorities and grow the fund,” Aaen tells HedgeNordic.

Symmetry Invest operates as an alternative investment fund (AIF) registered with the Danish Financial Supervisory Authority (FSA). Currently managing around DKK 73 million in assets, the fund delivered an annualized return of 17.3 percent since inception. Symmetry Invest maintained an average net market exposure of about 77 percent throughout 2019 and returned 27.7 percent year-to-date through the end of September.

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 Healthcare Sector Under Trump

Stockholm (HedgeNordic) – The election of Donald Trump as U.S. President brought uncertainty to various areas of the economy, particularly in healthcare, trade, and...

Kari Vatanen Starts New Journey at Elo

Stockholm (HedgeNordic) – Kari Vatanen took on his new role as Head of Asset Allocation and Alternatives at Finnish pension fund Elo on November...

Tidan Continues 2024 Run with Another Record Month

Stockholm (HedgeNordic) – Despite October’s negative returns for both credit and equity markets, the month marked another record for Tidan Fund, a hedge fund...

Coeli Global Opportunities Shuts Down After Failing to Build Scale

Stockholm (HedgeNordic) – Coeli Global Opportunities, the long/short equity fund designed to leverage Andreas Brock’s best ideas from his two long-only equity funds, has...

Addressing Climate Impacts and Nature Loss Through Real Assets

The effects of climate change are a megatrend on a global scale, influencing the expected risk-return profile of real assets investments and the opportunity...

SEB Analyst Joins KLP to Complete PM Duo

Stockholm (HedgeNordic) – The asset management arm of Norwegian pension provider KLP has hired Frederik Ness to fill the portfolio manager role for its...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -