- Advertisement -
- Advertisement -

Related

The QQM Acquisition is Approved

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Swedish fintech company Nowonomics has received approval from the Swedish Financial Supervisory Authority (Finansinspektionen) to acquire a 72 percent stake in hedge fund firm QQM Fund Management. The acquisition announced in late June enables NGM-listed Nowonomics to offer QQM’s systematic market-neutral fund, QQM Equity Hedge, on its money savings platform NOWO.

“We are very happy that this important milestone has been reached and that we will thus be able to offer several exciting investment alternatives to our increasingly growing membership base.”

“We are very happy that this important milestone has been reached and that we will thus be able to offer several exciting investment alternatives to our increasingly growing membership base,” comments Rutger Selin, the CEO of NOWO. “The acquisition gives us the opportunity to both reduce costs and improve profitability. We welcome QQM into the family and look forward to increasing the pace further towards becoming a popular movement.”

“We welcome QQM into the family and look forward to increasing the pace further towards becoming a popular movement.”

“It is incredibly fun that, together with NOWO, we can now offer both our existing customers and NOWO’s members new exciting fund services and at the same time, we can prepare for NOWO’s expansion,” comments Ola Björkmo (pictured right), the CEO of QQM. “We look forward to making this journey together.” Björkmo, the founder and current CEO of QQM Fund Management, will retain the remaining stake of 28 percent and continue developing QQM after the acquisition.

“We look forward to making this journey together.”

NOWO is a money savings app allowing users to open a fund account that has been allocating to NOWO Fund, a mixed fund managed by Tellus Fonder. With Nowonomics’ acquisition of QQM Fund Management, QQM Equity Hedge is set to join the list of offerings on the NOWO platform. QQM Equity Hedge employs a systematic market-neutral strategy designed to capture the correlation between fundamentals and equity prices. QQM Equity Hedge gained 6.4 percent in the first eight months of 2021.

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

Peter Andersland Stays Cautious, Adds Convexity

Fund manager Peter Andersland had maintained a bearish economic outlook in recent quarters, and the tariff-related uncertainty and market volatility triggered by U.S. President...

Sissener Taps Mads Andreassen as Investment Manager

Norwegian fund boutique Sissener AS has strenghened its investment team with the appointment of Mads Andreassen as an investment manager, effective from the beginning...

From Trade Idea to Settlement: Tuning the Operational Engine to Unlock Performance Alpha

By Frank Glock, CRO, MAIA Technologies: Undoubtedly, performance alpha is seen as the universal standard for measuring the success of an investment firm. But...

How to Deal With Slippage

For any asset manager, as for managed futures traders, every fraction of a percent counts. Strategies are honed, backtested, and stress-tested across decades of...

From Selloff to Snapback: Policy Swings Define April for CTAs

In April 2025, the NHX CTA Index was down amid a major market selloff following U.S. President Donald Trump’s announcement of new tariffs, followed...

Sweden’s Hedge Fund Industry: Still a Nordic Powerhouse, But No Longer the Largest?

When strictly looking at the domicile of the management company, Sweden has been seen as home to Europe’s second-largest hedge fund hub by assets...

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.