- Advertisement -
- Advertisement -

Related

New Lion in the Savannah

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Many hedge fund launches may have been put on hold last year as the coronavirus pandemic hit financial markets and created a high degree of uncertainty among market participants. With the uncertainty slowly fading away, new launches are appearing on the horizon. Karl Oscar Strøm has left Pareto Securities to launch his own asset management firm and a hedge fund called Paleo Fund.

“I am in the process of starting a hedge fund,” Karl Oscar Strøm tells Finansavisen. “The only thing I lack now is capital, but in today’s world, it should be possible to raise the necessary capital.” Strøm, a partner at Pareto Securities, has set up a management firm called Paleo Capital, with the soon-to-be-launched hedge fund named The Paleo Fund. “Last summer I asked myself: what do I really want to do?,” Strøm tells Finansavisen. “It is to work more directly in the market and get the full upside when doing well. The puzzle pieces have been in front of me all the time, but I have now finally started to put them together.”

“Last summer I asked myself: what do I really want to do? It is to work more directly in the market and get the full upside when doing well.”

In addition to launching The Paleo Fund in March, Karl Oscar Strøm is also in the process of publishing a book titled “Paleo Trading – How to trade like a hunter and gatherer.” He aims to raise up to NOK 100 million for the launch of The Paleo Fund. Strøm will rely on technical and quantitative analysis to run the soon-to-be-launched fund. “All investments will be based on technical and quantitative analysis,” Strøm tells Finansavisen. “I have been working with graphs and models based on price data for 25 years now, so I feel I have pretty good control over this approach.”

“All investments will be based on technical and quantitative analysis. I have been working with graphs and models based on price data for 25 years now, so I feel I have pretty good control over this approach.”

“If I have to compare the strategy with another fund, it must be Renaissance Technologies’ flagship Medallion fund,” Strøm tells Finansavisen. “This fund has been in existence for more than 20 years and has an average holding period of just two days,” he continues. “My fund will have some positions that are very short-lived, and some that last for several weeks.”

“Just like a hunter and gatherer, I will seize opportunities when I discover them.”

The Paleo Fund will use maximum leverage of 200 percent, with Strøm having the flexibility to maintain the entire portfolio in cash. “Just like a hunter and gatherer, I will seize opportunities when I discover them,” Strøm tells Finansavisen. “The lion mostly waits under the tree on the African savannah and looks for opportunities to present themselves,” he continues. “My point is that one should not be afraid to have cash,” says Strøm. “Timing, and thus waiting, is an important part of the strategy.”

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

Fresh Talent, New Funds: ALCUR Expands Reach in Retail Segment

After a wave of portfolio manager hires earlier this year, stock-picking fund boutique ALCUR Fonder is preparing to launch several new funds aimed at...

Quirky Questions for Kathryn Kaminski (AlphaSimplex)

Not every hedge fund conversation needs to revolve around performance charts or trade execution. In HedgeNordic’s Quirky Questions series, we look beyond the strategies to the...

Active Decisions in Passive Wrappers: Othania on ETF Innovation

Founded in early 2016 by brothers Vincent Dilling-Larsen and Christian Mørup-Larsen, Danish fund boutique Othania built its foundation on a proprietary risk model, “Tiger,”...

Rettig Appoints Crescit Manager to Oversee Hedge Fund Strategies

Simon Borgefors has joined Finnish family-owned investment company Rettig as Investment Director for hedge fund strategies in Stockholm, leaving Swedish hedge fund boutique Crescit...

€5m Ticket to Nordic High Yield From German Family Office

A German family office plans an initial €5 million commitment to a UCITS‑compliant Nordic high‑yield fund, with capacity to scale over time. According to...

From Beef to Bitcoin: August’s Wild CTA Ride

In August 2025, the CTA sub-index of the Nordic Hedge Index edged lower after two positive months, reflecting mixed performance among managers. Strong gains...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.