- Advertisement -
- Advertisement -

Related

Alcur Grow(s)

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Swedish asset manager Alcur Fonder is expanding its fund range with the upcoming launch of a long-only equity fund called Alcur Grow. Expected to launch at the beginning of next year, the fund will maintain a portfolio that contains between 25 to 30 Nordic small- and medium-sized public companies.

Alcur Grow is regulated as a Swedish alternative investment fund but will not engage in short selling. The long-only equity fund can hold up to 30 percent of its portfolio in cash and can make use of leverage. The entire investment team at Alcur Fonder will manage the soon-to-be-launched fund, with Mikael Holm-Lorsell being the responsible manager. Before joining Alcur Fonder as a portfolio manager in January 2019, Holm worked as an equity analyst at Danske Markets, Erik Penser and Swedbank Markets for more than ten years.

Alcur Grow’s investment strategy will rely on the same “Alcur Manual” investment process used to run the asset manager’s two hedge funds, Alcur and Alcur Select. The fund seeks to own its underlying investments for a long time, aiming to build a concentrated portfolio of the Nordic region’s leading companies of the future. “The fund will probably tend to co-move more with the market than our other funds,” writes Alcur Fonder in an announcement, “but at the same time, the risks in the fund are strongly associated with the development of individual companies.”

Alcur Fonder currently manages two hedge funds with different risk-reward profiles. Alcur Select is a long-biased small-cap-focused equity hedge fund managed by a team with Wilhelm Gruvberg in charge. The fund advanced 48.3 percent year-to-date through mid-November and recently received the top honors in the “European Equity: Over $100m” category at the 2020 HFM European Emerging Manager Awards. Alcur Fonder’s older fund, Alcur, is a lower-risk long/short absolute return fund that delivered an annualized return of 5.4 percent since its launch at the beginning of 2007 and gained 13.5 percent year-to-date through mid-November.

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

High-Yield Bonds Knock Out Stocks

Nordic high-yield bonds and the managers specializing in them have delivered strong returns in recent years, even outperforming local equity markets. Jarle Sjo, Head...

EM Corporate Bonds: Could Trump’s Tariffs Create Opportunities?

By Toke Hjortshøj, Senior Portfolio Manager at Impax Asset Management: Emerging market (EM) corporate bonds are on the frontline of the tariff war that...

Infrastructure’s Role in Europe’s Transformation

As Europe accelerates its transition toward a greener and more digital future, infrastructure investment has become a cornerstone of this transformation. However, a funding...

Capital Four Reaches Hard Cap for Fifth Private Debt Vintage

Copenhagen-based credit specialist Capital Four has reached the hard cap of €3 billion for its fifth private debt vintage, Private Debt V – Senior....

Othania Introduces UCITS Version of All-Weather Strategy

Danish boutique asset manager Othania has assumed management of the UCITS-structured fund ØU Invest Balance KL, which will be rebranded as Othania Stabil UCITS...

Hilbert Expands Asset Management Arm

Hilbert Group, which operates an asset management business specializing in hedge funds focused on digital assets, has completed the acquisition and integration of digital...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -