- Advertisement -
- Advertisement -

Danish Value Fund Joins the NHX

- 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

Lynx Surpasses 100 Employees

Stockholm (HedgeNordic) – Systematic asset manager Lynx Asset Management has recently surpassed 100 employees, with over 20 new hires in 2023 across its headquarters...

Copper’s Significance in the World of Transition Essential Resources

Stockholm (HedgeNordic) – Copenhagen-based fund boutique St. Petri Capital has been running a thematic-focused long/short equity fund since early 2018. The fund employs a...

Ress Capital’s Hanna Persson Appointed to ELSA Board

Stockholm (HedgeNordic) – Hanna Persson of Ress Capital has been appointed to the Executive Board of the European Life Settlement Association (ELSA). This appointment,...

Nordic Funds Shortlisted for HFM European Awards

Stockholm (HedgeNordic) – With Intelligence has unveiled the list of shortlisted funds for the HFM European Awards 2023, with this year’s list featuring a...

Nordkinn Gears Up for Next Decade with Key Appointment

Stockholm (HedgeNordic) – Shortly after celebrating its tenth anniversary this summer, Nordkinn Fixed Income Macro Fund welcomed Anders Augusén as an investment manager effective...

Month in Review – August 2023

Stockholm (HedgeNordic) – After a promising start to the second half of the year in July, Nordic hedge funds dipped by 0.1 percent in...

Allocator Interviews

Commodities

Most Popular This Week

Voices

Request for Proposal

- Advertisement -