Danish Value Fund Joins the NHX

spot_img

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.

close

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

Most Popular Today

Most Popular This Week

- Advertisement - spot_img

Latest Articles

Optimizing for Performance

Stockholm (HedgeNordic) – After almost 20 years of equity market experience from three of the largest banks in the Nordics, Pontus Dackmo launched earlier...

Danske Lost the Eliksir

Stockholm (HedgeNordic) – Danske Bank’s Finnish fund management arm announced the decision to terminate three alternative investment funds, including the Eliksir fund of hedge...

Global Assets Dynamic Set in Motion

Stockholm (HedgeNordic) – Norwegian boutique investment firm Global Assets has launched Global Assets Dynamic, a quantitatively-managed equity fund that mitigates portfolio downside risk using...

Team Ress Grows with Junior PM

Stockholm (HedgeNordic) – The Stockholm-based portfolio management team picking and buying U.S. life insurance policies for Ress Capital’s alternative investment fund, Ress Life Investments,...

Down, But Not Out

Stockholm (HedgeNordic) – After years of muted performance, many discretionary and systematic macro strategies have enjoyed a breakout year so far in 2022. Other...

RAM Launches Long-Only Vehicle

Stockholm (HedgeNordic) – A new trend evident in the hedge fund industry is that of established hedge fund managers offering new “best ideas” or...