- Advertisement -
- Advertisement -

Related

Overly Ambitious Return Target?

Latest Report

This year’s Alternative Fixed Income report from HedgeNordic explores how institutional investors and asset managers are navigating this new reality, balancing yield and resilience amid shifting credit cycles, structural change, and evolving sources of return.

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

Three Years In, Norselab’s Flagship Fund Reaches More Radars

After years of co-managing Alfred Berg’s high-performing high yield fund, Tom Hestnes has spent the past three years proving his strategy in an alternative...

Rhenman Rebounds as Regulatory Fog Lifts in Healthcare

2025 has been a year of two halves for the global healthcare sector and for the long-biased, healthcare-focused Rhenman Healthcare Equity L/S fund. With...

Nordic CTAs Slip as Trends Take a Breather

The CTA sub-index of the Nordic Hedge Index finished November in negative territory, largely due to losses in equities as tech-sector jitters and doubts...

RFP: UK Investor Targets Liquid Alternatives Strategy

A large institutional investor from the UK is considering an initial allocation of $20 million to a liquid alternatives strategy, with the potential to...

AP3’s Tactical Layer: A New Dimension of Diversification

Diversification is often discussed in terms of broad asset allocation. For Jonas Thulin, the CIO of the Third Swedish National Pension Fund (AP3), diversification...

Diversifying with Gold and Silver: Why Miners Amplify Opportunity

In the institutional investor’s world, diversification is not a slogan but an ongoing pursuit. While new strategies may come and go, some diversifiers have...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

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.