MAM Launches Operations

Stockholm (HedgeNordic) – In early 2021, Sampo Group-owned life insurer and asset manager Mandatum Life announced plans to merge Sampo’s and its own asset management operations into a separate business. The new business entity, Mandatum Asset Management (MAM), launched its operations with its new structure in place at the beginning of September after Sampo’s investment operations transferred to the new company.

“Sampo’s asset management operations are one of the most successful and it is also one of the largest institutional investors in the Nordics, and we are now bringing this expertise directly to our clients.”

“Sampo’s asset management operations are one of the most successful and it is also one of the largest institutional investors in the Nordics, and we are now bringing this expertise directly to our clients,” comments Lauri Vaittinen (pictured), who moved from his role as Senior Vice President of Investment Solutions at Mandatum Life to lead Mandatum Asset Management as CEO. “Our perspective as an end-investor helps us better understand the goals and responsibilities of institutions, and thus enables us to provide our clients with comprehensive services,” Vaittinen continues. “This creates significant economies of scale, which also leads to better service for our clients.”

“Our perspective as an end-investor helps us better understand the goals and responsibilities of institutions, and thus enables us to provide our clients with comprehensive services.”

Mandatum Asset Management seeks to capitalize on a frontrunner position within loan and private debt investing in the Nordics and over 30 years of experience of investing in alternative asset classes. The asset management firm led by Vaittinen currently employs more than 120 professionals and manages approximately €24 billion in assets as of September. Despite Mandatum Asset Management (MAM) being detached from Mandatum’s life insurance business, there will be close customer cooperation between MAM and Mandatum Life. Mandatum Life’s clients will benefit from MAM’s co-investment strategy through a number of solutions and products, including private equity investment products and pension solutions.

“Our investment approach is patient and long-term, but we also take advantage of interesting opportunities from time to time based on market dynamics.”

“Our investment selection emphasizes our own analysis of investment opportunities, active ownership and growth investments in unlisted companies. Our investment approach is patient and long-term, but we also take advantage of interesting opportunities from time to time based on market dynamics,” says Ville Talasmäki, Mandatum Asset Management’s CIO. “Mandatum Asset Management’s investment philosophy is strongly based on Sampo Group’s way of investing,” adds Talasmäki, who is now responsible for the asset management firm’s investment activities following his role as Sampo’s Head of Allocation.

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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.

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