- Advertisement -
- Advertisement -

Related

Watertight Focus on Alternatives

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Mandatum Life, a life insurance and asset management business under Sampo Group’s umbrella, recently announced plans to spin off a pure-play asset management arm called Mandatum Asset Management. The Finnish insurance group’s asset management operations will be merged into the soon-to-be established business unit, effectively merging the group’s two existing portfolio management organizations.

Mandatum Asset Management, which will house Mandatum Life’s investment services operations and Sampo’s investment team led by Ville Talasmäki under one roof, is expected to be up and running by the end of the summer. “These two teams have been cooperating already for years, and that cooperation has been increasing year by year, but now cooperation will become watertight and work under the same leadership,” Mandatum Life’s CEO, Petri Niemisvirta (pictured), tells AMWatch.

“These two teams have been cooperating already for years, and that cooperation has been increasing year by year, but now cooperation will become watertight and work under the same leadership.”

The new business will be headed by Lauri Vaittinen, Senior Vice President of Investment Solutions at Mandatum Life, while Ville Talasmäki, Head of Allocation at Sampo, will become the Chief Investment Officer of the new asset management arm. Mandatum Asset Management’s CEO will be in charge of a team of close to 100 employees, most of whom are expert and senior-level employees. Mandatum Asset Management will focus on three core areas: credit investing, alternatives, and equity selection. The business unit will seek to capitalize on a frontrunner position within loan and private debt investing in the Nordics and over 30 years of experience of investing in alternative asset classes.

“Historically, we have been particularly strong in alternatives and fixed income investments, but now, above all, we will be focusing on alternatives.”

“Historically, we have been particularly strong in alternatives and fixed income investments, but now, above all, we will be focusing on alternatives,” Niemisvirta, who will take on the role of CEO of Mandatum Group while continuing as Mandatum Life’s CEO, tells AMWatch. “In Sweden and Denmark, our strength has been corporate loans, private equity and private debt investments where we have a historical track record and which we can turn into investment products also for others and not just for Sampo Group itself,” he adds.

“In Sweden and Denmark, our strength has been corporate loans, private equity and private debt investments where we have a historical track record.”

“This ongoing year will be a year of launching the firm and developing,” Niemisvirta tells AMWatch. “Whilst this year will be a business as usual year, 2022 is likely to be the time for growth,” he continues. “By default, we are not a firm which is active in acquisitions,” he tells AMWatch. “However, in case attractive opportunities for an acquisition come by, we can have a look at them. Our focus is on organic growth, but we do not exclude the possibility of acquiring a smaller business.”

 

Picture courtesy of Mandatum Life.

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

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

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.