Stockholm (HedgeNordic) – Two Nordic asset managers running funds that are part of the Nordic Hedge Index have just expanded their teams. Copenhagen-based CABA Capital has appointed Kristian Myrup Pedersen as Chief Product Manager, while Stockholm-based Kreditfonden has hired Arnar Vidarsson as Senior Analyst.
Pedersen joins CABA Capital from Danish asset manager Sparinvest, where he worked as Senior Portfolio Manager in Fixed Income for six years. Before Sparinvest, Pedersen also worked at Danske Bank as a Senior Analyst in fixed income and credit research, as well as Senior Portfolio Manager.
“I am very proud that Kristian has accepted to join CABA Capital,” Mette Østerbye Vejen, the CEO of CABA Capital, comments on the appointment. “He is an important addition to our team and brings valuable knowledge and competences to the company. We are ready to take the company to the next stage, and with Kristian on board, I am confident that we have the right team to do so,” she adds.
Kristian Myrup Pedersen says he is “very pleased to be part of the team” at CABA Capital. “I have always had a great interest in investment theory and financial products, and as Chief Product Manager, I will have the opportunity to really bring this interest into play.” Commenting on his role at CABA Capital, Pedersen “will be spreading the word of our products to more clients, giving them insights into our products, and place them in the right portfolio context.”
CABA Capital currently oversees two funds. CABA Hedge, a member of the Nordic Hedge Index, seeks to capitalize on the spreads between mortgage or covered bonds and sovereign bonds. The other fund, CABA Optimal Plus, relies on the theory of optimal portfolio to allocate capital to global equities and Danish or Swedish bonds. The fund aims to generate equity-like returns with lower volatility.
“I am a strong believer in, and therefore happy to advocate for, our two products that both follow the CABA-Formula: Optimized low-risk portfolios + appropriate leverage + continuous adjustment = attractive expected returns, both in absolute terms and relative to the risk,” says Pedersen. “Using this formula, CABA Optimal provides a balanced exposure to stocks and bonds, while CABA Hedge provides a concentrated exposure to alternative risk premiums.”
Kreditfonden Expands the Team Too
Arnar Vidarsson joins Kreditfonden, which manages direct lending fund Scandinavian Credit Fund and its younger peer Nordic Factoring Fund, from Danske Bank. Vidarsson worked as an analyst within the department of corporate analytics at Danske Bank from December 2016. Before Danske, Vidarsson worked at Renault Finance Nordic in various roles, including account manager, credit analyst and senior credit analyst.
Commenting on Vidarsson’s appointment, Fredrik Sjöstrand, CIO and founding partner, says that “Arnar adds important skills and experience in terms of credit analysis and will have a central role in our flagship fund’s continued growth journey.” Scandinavian Credit Fund I is an alternative investment fund that provides direct loans to small- and medium-sized companies. The fund has seen its assets under management increase from SEK 1.18 billion at the end of 2017 to SEK 4.23 billion at the end of last year.