- Advertisement -

Related

Onto the Next Chapter

- 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

Stop Making Room for Managed Futures

By Corey Hoffstein, Co-Founder, CEO and CIO at Newfound Research: The case for managed futures as a portfolio diversifier is well established. During the...

Othania Positions Trend-Following at the Core of Multi-Asset Portfolios

Not many investors in the Nordics explicitly allocate to trend-following strategies, yet those who do often regard them as an essential building block in...

Muddling Through the Mess: Managed Futures ETFs

By Alexander Mende and Per Ivarsson at RPM Risk & Portfolio Management: Traditionally, Managed Futures (MF) strategies have been limited to hedge funds known...

There Can Only Be One

By Linus Nilsson of NilssonHedge: In the beginning, CTAs were a cottage industry, focusing on HNW, seeking outsized returns, and deploying notionally funded managed...

SMA Capital Drives Protean Select to Lower Capacity Limit

Since launching Protean Select as an opportunistic long/short equity hedge fund in 2022, Pontus Dackmo and his team have emphasized a clear priority: returns...

Atlas Global Macro Builds on Comeback with New Danish Feeder

Atlas Global Macro, last year’s top-performing Nordic hedge fund, is becoming more accessible to Danish investors through a newly launched feeder fund on the...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -