- Advertisement -
- Advertisement -

Generational Transition at Varma’s Alts Team

- Advertisement -

Stockholm (HedgeNordic) – Finnish pension fund Varma has appointed Markus Aho as Head of Private Investments to replace Mikko Koivusalo, who will continue in a senior alternative investments role. Aho served as Varma’s Head of Private Equity and Infrastructure since mid-2016.

“The significance of private investments in Varma’s portfolio has grown year after year, and it is great for Varma that Markus is continuing Mikko’s groundbreaking work,” Varma’s Deputy CEO, Reima Rytsölä, comments on the transition. “I also believe that a controlled generational change in management will reinforce Varma’s positive employer image.” Mikko Koivusalo, previously the director of private investments, will serve as the director responsible for special projects and will continue as a member of Varma’s investment operations management team. Markus Aho and Mikko Koivusalo started their new roles on January 1.

“The significance of private investments in Varma’s portfolio has grown year after year, and it is great for Varma that Markus is continuing Mikko’s groundbreaking work.”

“After nearly 25 years in this position, I am happy to pass the baton to Markus, who has a very successful track record in private equity and infrastructure investments and has demonstrated good leadership,” comments Koivusalo. “Alternative investments have a long horizon, and I am also pleased to be part of the transfer of responsibility and the investment portfolio’s further development.”

“I am pleased to have the opportunity to continue working with private investments in this new role and with a familiar and experienced team,” says Mikko Koivusalo, Varma’s new Head of Private Investments. “Due to the long-term nature of private investments and the importance of partnerships, an organisation must have the capacity for renewal and show vigilance, perseverance and experience.”

“I am pleased to have the opportunity to continue working with private investments in this new role and with a familiar and experienced team.”

The market value of Varma’s investments reached €56.6 billion at the end of September last year, with €8.08 billion allocated to private equity, €3.04 billion to direct real estate and €9.09 billion to hedge funds. The return on Varma’s investments during the first nine months of 2021 reached 13.5 percent to add €6.7 billion in asset gains. The value of its investment portfolio grew to €56.6 billion at the end of September from €48.1 billion at the end of last year. Varma’s investments in private equity generated the highest returns at 39.9 percent, followed by listed equities at 17.6 percent and hedge funds at 11.6 percent. The return on real estate investments amounted to 4.1 percent.

close

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

Most Popular This Week

Voices

Request for Proposal

- Advertisement -

Latest Articles

Alcur’s Third Win in a Row

Stockholm (HedgeNordic) – Alcur Fonder’s first hedge fund, Alcur, has been named “Hedge Fund of the Year” by Swedish business magazine Privata Affärer for...

Lynx is Fund Company of the Year, Says Privata Affärer

Stockholm (HedgeNordic) – Lynx Asset Management has been named “Fund Company of the Year” by Swedish business magazine Privata Affärer. The distinction comes after...

RFP: Absolute Return Multi-Strategy/Fund of Funds

(Global Fund Search) - A Danish Institutional Investor is searching for an absolute return strategy for an allocation of EUR 40 million. The mandate...

Brummer Multi-Strategy Navigates 2022’s “Perfect” Storm

Stockholm (HedgeNordic) – 2022 experienced a “perfect” inflation storm due to an unprecedented amount of monetary and fiscal policy stimulus during the pandemic, war,...

Dream Comes True for Grönblom

Stockholm (HedgeNordic) – Ernst Grönblom had been running his high-conviction strategy of cherry-picking the stock market’s undervalued future winners under the umbrella of United...

Boarding the Broader Alternatives Ship

Stockholm (HedgeNordic) – Tore Davidsen, portfolio manager of SEB Eureka Fixed Income Relative Value since its launch in 2018, will join BankInvest as Senior...