- Advertisement -
- Advertisement -

Adrigo Loves Fishing

- Advertisement -

Stockholm (HedgeNordic) – The ambition and ability to find high-potential, undiscovered stocks is one characteristic differentiating Staffan Östlin’s Adrigo Small & Midcap L/S from many other players focusing on the Nordic small- and mid-cap space. “Investors should expect us to continue to find undiscovered stocks and they should expect us to continue to be very curious,” Östlin recently told HedgeNordic. Östlin and his colleague Johan Eriksson appear to have found a new undiscovered gem.

Fishbrain, a Sweden-based app and social network for anglers, announced last week that it raised $31 million in funding from Swedish institutional investors and family offices, including Adrigo Asset Management. Fishbrain plans to use the proceeds to scale its user base and solidify its market-leading position as the largest platform for sport fishing. The focus is on expanding the outreach in Sweden and Norway. The proceeds will also be used to strengthen Fishbrain’s engineering, product, marketing, and sales teams at its headquarters and product hub in Stockholm and in the United States and throughout Europe.

“We at Adrigo are passionate about finding new interesting investment opportunities.”

“We at Adrigo are passionate about finding new interesting investment opportunities,” Staffan Östlin, portfolio manager of Adrigo Small & Midcap L/S, writes on LinkedIn. “We are also passionate anglers and the fact that more than 32 million people in the US alone participate in this sport and that they are spending a whopping $48 billion annually on equipment, trips and licenses, makes fishing a highly interesting investment area,” he continues. “Hence, we are convinced that our investment in Fishbrain, the global leading fishing app, founded by serial entrepreneur Johan Attby, will be beneficial to the investors in our fund.”

“We are convinced that our investment in Fishbrain, the global leading fishing app, founded by serial entrepreneur Johan Attby, will be beneficial to the investors in our fund.”

Adrigo Small & Midcap L/S runs a concentrated, high-conviction portfolio of 25 to 30 long positions allocated across three building blocks: Core Five, Dynamic, and High-Potential. The fund’s investment in Fishbrain is part of its High-Potential building block, which features investments in very small companies below most investors’ radar screens. Adrigo Small & Midcap L/S has delivered an annualized return of 26.1 percent since launching in late 2017.

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

Nordic Hedge Funds Sustain Momentum

Stockholm (HedgeNordic) – Following its strongest first quarter in 15 years, the Nordic hedge fund industry sustained momentum into April. As reflected by the...

The Hands-On Approach of NCI Advisory in Debt Investing

Stockholm (HedgeNordic) – With over 45 years of expertise in structured finance and debt asset management, Jørgen Beuchert has dedicated the last 15 years...

Hedge Fund Journal: Calculo Best in Commodity Trend Following

Stockholm (HedgeNordic) – Calculo Evolution Fund, a pure commodity trend-follower based in Denmark, has been recognized as the “Best Performing Commodity Trend Follower” over...

SRV’s Multi-Pillar Fixed-Income Strategy

Stockholm (HedgeNordic) – Despite Danish mortgage bonds being widely regarded as almost risk-free, occasional spikes in risk aversion trigger significant spread widening versus government...

DBi Pioneers Cost-Efficient Access to CTA Performance

Stockholm (HedgeNordic) – Trend-following CTAs or managed futures vehicles are often seen as effective diversifiers within investment portfolios, exhibiting limited correlation to equity and...

Swiss Bank Eyes Global Equities Through Quant and Options Overlay Funds

Stockholm (HedgeNordic) – A Swiss private bank is seeking to allocate a minimum of €20 million to a fund specializing in global equities through...

Allocator Interviews

Latest Articles

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -