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Moma No More: Meet Asgard Asset Management

Report: Systematic Strategies

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Stockholm (HedgeNordic) – Copenhagen-based investment advisor and manager Moma Advisors has changed its name into Asgard Asset Management. Morten Mathiesen founded Moma Advisors in 2011 to act as the investment advisor for Asgard Fixed Income Fund. Moma Advisors has since transitioned from investment advisor to investment manager licensed by the Danish Financial Supervisory Authority.

“The Asgard name was chosen as it seems natural to link the name of the management company with the family of funds managed.”

“Since the transition from Investment Advisor to Investment Manager, a corresponding name change has been contemplated, and this has now been effectuated with the new name: Asgard Asset Management,” CIO Morten Mathiesen tells HedgeNordic. “The Asgard name was chosen as it seems natural to link the name of the management company with the family of funds managed: Asgard Fixed Income Fund and Asgard Fixed Income Risk Premia Fund.”

Moma Advisors currently serves as the sole investment manager of two Asgard funds: Asgard Fixed Income Fund and Asgard Fixed Income Risk Premia. The asset manager also used to run the now-closed Asgard Credit Fund, a fund managed by a separate team of credit specialists within Moma Advisors since its launch in 2016. Asgard Credit Fund was closed down at the end of 2020 due to higher than expected volatility in returns.

“We like the Asgard name and believe it has become associated with the high quality of our work reflected in the strong performance record of our funds,” says Birger Durhuus, the CEO of Asgard Asset Management. “It, therefore, feels like a natural choice.”

“We like the Asgard name and believe it has become associated with the high quality of our work reflected in the strong performance record of our funds.”

Asgard Fixed Income Fund is one of the most decorated hedge funds at the Nordic Hedge Award. The fixed-income hedge fund has been on the podium in the “Best Nordic Fixed-Income Hedge Fund” category in all nine editions of the Nordic Hedge Award, winning the top prize five times. Asgard Fixed Income Fund came in second place in the 2020 edition of the Nordic Hedge Award. The fund has delivered an annualized return of 12.6 percent since its inception in mid-2003, the highest annualized return among all fixed-income hedge funds in the Nordics. The asset manager’s second fund, Asgard Fixed Income Risk Premia, completed the podium in the “Best Nordic Fixed Income Hedge Fund” category at this year’s edition of the Nordic Hedge Award.

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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

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