Stockholm (HedgeNordic) – Swedish quant firm Lynx Asset Management has announced the hiring of four employees from the now-closed hedge fund firm Informed Portfolio Management (IPM). Lynx Asset Management hired Elisabeth Frayon, IPM’s chief risk officer for almost 13 years, as Head of Independent Risk Control and three investment researchers: Mattias Sundbom as Principal Quantitative Researcher, Tomas Lundström and Daniel Ishak as Senior Quantitative Researchers.
“IPM had a long and impressive history as one of the leading systematic macro managers globally. These hires will enable us to further strengthen our competence when it comes to fundamentally based systematic macro concepts,” comments Martin Källström, partner and senior managing director of Lynx. “We are very excited about what we can achieve going forward.”
“IPM had a long and impressive history as one of the leading systematic macro managers globally. These hires will enable us to further strengthen our competence when it comes to fundamentally based systematic macro concepts.”
“Our ability to delivering strong risk-adjusted returns with attractive diversification benefits for our investors is strengthened by these hires,” adds Svante Bergström, founding partner and CEO of Lynx. “We are pleased to welcome these talented individuals to our firm and look forward to growing stronger together.”
“We are pleased to welcome these talented individuals to our firm and look forward to growing stronger together.”
In late April this year, IPM Informed Portfolio Management (IPM) announced that the firm would terminate investment activities and return capital to investors after its flagship systematic macro strategy struggled to deliver returns in recent years. IPM saw its asset under management drop from over $8 billion to below $1 billion at the beginning of 2021.
Lynx Asset Management manages systematic trend-following fund Lynx, the oldest running hedge fund in Sweden. The asset manager oversees about $6.8 billion in assets under management on behalf of global pension funds and other institutional investors and employs around 80 people. The original Lynx Fund, which uses both trend-following and diversifying models to catch trends in various markets and reduce drawdowns in non-trending environments, has delivered an annualized return of 9.4 percent since its inception in May of 2000. Lynx reached its 20-year anniversary last year.