- Advertisement -
- Advertisement -

Related

Overly Ambitious Return Target?

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Danish entrepreneur, author and investor Lars Tvede, who has launched his theme-based macro-focused hedge fund Atlas Global Macro, hopes to generate an average annual return in the range of 15 percent to 30 percent over time. Danish finance professors believe Tvede’s objective is too ambitious.

“We don’t want to legally commit on a return target, but I would be happy if we deliver between 15 to 30 percent per year on average over time,” Tvede, a Dane living out of Switzerland, told HedgeNordic in an interview earlier this year. “That would reflect what I have done for myself in the past,” said the Dane, who decided to set up a hedge fund business to leverage his own success in macro-based investing over the years. “This is a range that I would feel this is working for us.”

“We don’t want to legally commit on a return target, but I would be happy if we deliver between 15 to 30 percent per year on average over time.”

Carsten Tanggaard, a professor of finance at Aarhus University, calls Tvede’s non-binding return ambitions “either completely hopelessly optimistic, marketing hot air or an indication that he will take an awful lot of risk on behalf of investors,” according to Danish newspaper Børsen. “Or he is exceptionally good, but customers have no chance of knowing in advance,” Tanggaard tells Børsen. “Historical returns are just as interesting as last week’s lottery numbers – completely and fundamentally uninteresting.”

“Historical returns are just as interesting as last week’s lottery numbers – completely and fundamentally uninteresting.”

Tvede, who co-founded several ventures such as forecasting companies Supertrends and Supertrends Institute and who authored 17 books on business cycles, psychology, trading psychology and other topics, launched his Luxembourg-domiciled hedge fund Atlas Global Macro with over 150 million under management. As previously explained by Tvede, “Atlas Global Macro is a global macro-focused fund based on themes, employing a long-term-oriented and directional approach with an overlay of a tactical approach.”  

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

Origo Fonder Lands Mandate from NBIM

Norges Bank Investment Management (NBIM), which manages Norway’s sovereign wealth fund, has awarded a mandate to Swedish stock-picking boutique Origo Fonder through a separately...

Beyond the Benchmark: Aktia’s Active Approach to EM Local Currency Debt

Passive strategies have reached nearly every segment of financial markets, including the more remote corners of emerging market (EM) local currency debt. While passive...

Standout Month for Symmetry: A Sign of Things to Come?

February of this year marked one of the best months in the nearly 12-year history of stock-picking hedge fund Symmetry Invest with an advance...

CTAs Struggle Amid Reversals, Non-Trend Strategies Hold Up

In February 2025, the NHX CTA index was down due to losses in soft commodities, energies, and bonds as markets reversed forcefully on gloomy...

Tidan Capital Launches Portable Alpha Product

Late last year, Tidan Capital introduced Nova, a market-neutral options and volatility arbitrage strategy designed to exploit anomalies in equity options markets. These inefficiencies...

NBIM Signals Interest in Long/Short Equity

Investor interest in long/short equity strategies appears to be making a comeback as market volatility and stock dispersion – driven in part by higher...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -