- Advertisement -
- Advertisement -

Related

Onto the Next Chapter

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Kent Torbjørnsen, the co-founder of Polar Asset Management and its now-closed multi-strategy, multi-asset hedge fund, has been appointed the chief executive officer of the Oslo arm of multi-asset investment house and securities broker Minter Markets. Before setting up Polar Asset Management in early 2020, Torbjørnsen spent about 13 years at DNB Markets, seven as Head of Trading Desk Private Clients.

“It is with great joy, humility and zeal that I am now fortunate enough to be allowed to take over the baton as CEO of Minter Markets Oslo,” writes Torbjørnsen (pictured right) in a LinkedIn post. “We at Minter Markets will work really hard to ensure that our customers get a combination of the market’s best prices, an environment of strong financial competence and will work to become an obvious partner for active investors in the securities market,” he adds.

“It is with great joy, humility and zeal that I am now fortunate enough to be allowed to take over the baton as CEO of Minter Markets Oslo.”

With about 40 years of combined experience at DNB Markets, Kent Torbjørnsen and his colleague Ole Christian Presterud left Norway’s leading investment bank to start their own asset management business. The Norwegian duo launched Polar Asset Management in January 2020 and launched multi-strategy fund Polar Multi Asset at the beginning of March. Despite getting off to a great start with a 20 percent advance in March alone, the duo relaunched a lower-risk, less-volatile version of the fund towards the end of 2020 following an ill-timed bet against equity markets. Soon after that, Torbjørnsen and Presterud decided to close down both the fund and the investment management company.

Polar Multi Asset gained 20.5 percent in March of last year, its first month of operations, and delivered a cumulative return of 6.4 percent through the end of October when the fund was closed down to launch its lower-risk version under the “Polar Value” name. Polar Value, meanwhile, generated a cumulative return of 9.9 percent since launching in November through its closure in February this year.

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.