- Advertisement -
- Advertisement -

Copy What Works

- Advertisement -

Stockholm (HedgeNordic) – After the successful launch of its multiple-award-winning Formue Nord Markedsneutral, Danish asset manager Formue Nord launched a sister fund employing a similar strategy in the second half of 2018. Formue Nord Fokus, which employs a similar strategy of focusing on special situations and financing small- and midcap companies, has now joined the Nordic Hedge Index.

According to Chris Albertsen, part of the five-member team at Formue Nord, the strategies of “both Formue Nord Markedsneutral and Formue Nord Fokus revolve around special situations and financing small- and midcap companies.” Both vehicles maintain beta-neutral portfolios at all times through the use of equity index futures or other derivatives. The main difference between the two funds, however, involves the time horizon for the financing solutions offered by these funds to companies in need of capital.

Formue Nord Fokus generally offers financing solutions with a maturity of at least one year, whereas Formue Nord Markedsneutral engages in transactions with shorter maturities. To account for the illiquidity of its investments, Formue Nord Fokus requires from its investors a 24-month notice of intention to redeem capital, with biannual redemption of 25 percent of the invested capital. The fund generated a cumulative return of 15.5 percent since launching in September 2018 after gaining 7.8 percent in the first four months of 2020. Formue Nord Fokus oversees about €7 million in assets under management as of the end of April.

Its sister fund, Formue Nord Markedsneutral, is the second-best performing member of the Nordic Hedge Index in the past 36 months and has stood on the podium in the “Best Nordic Multi-Strategy Hedge Fund” category at the Nordic Hedge Award for a second consecutive year. Formue Nord Markedsneutral generated an annualized return of over ten percent since launching in late 2015. Both funds are managed by a five-member team out of the Danish city of Aalborg. The team includes CEO Thøger Dam Johansen, CIO Rasmus Viggers, analyst Mikkel Hagel, analyst Mads Krarup Johansson, and junior analyst Chris Albertsen.

 

Welcome to the Nordic Hedge Index!

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

Leveraging Opportunities in Credit Markets

Stockholm (HedgeNordic) – After several years of successful bond investing through a private investment company, Nicolai Wenckheim launched an alternative investment fund in March...

ATP’s Response to Changing Equity-Bond Correlations

Stockholm (HedgeNordic) – In 2022, the usual negative correlation between equities and bonds, essential for the construction of diversified portfolios, disappeared. This rare anomaly,...

Evolution in Hedge Fund Investing with LGT Collaboration

Stockholm (HedgeNordic) – Since Peter Ragnarsson assumed the role of Head of Alternatives at PRI Pensionsgaranti in 2015, the Swedish pension insurer has significantly...

Borea Expands Sustainability Focus with New Hire

Stockholm (HedgeNordic) – Norwegian fund boutique Borea Asset Management has expanded its management team with the hiring of Iselin Ahmer Solberg as a corporate...

Schroders Strengthens Nordic Client Team

Stockholm (HedgeNordic) – Schroders is expanding its client relationship capabilities in the Nordics with the appointment of Ludvig Löfving as a Client Director. He...

The Lynx Constellation Is Brightening Up

Stockholm (HedgeNordic) – Lynx Asset Management made headlines in late 2019 with the launch of its pure-play machine learning strategy, Constellation, as a standalone...

Allocator Interviews

Latest Articles

Man Institute Insights

Voices

Request for Proposal

- Advertisement -