- Advertisement -
- Advertisement -

Related

Tidan Team Expands

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Capital structure arbitrage hedge fund Tidan has strengthened its team with the hiring of Gustav Gistvik as a quantitative analyst. Having spent his entire career in various parts of the Brummer & Partners group, Gistvik joins Tidan’s ex-Brummer founding team that launched Tidan in October of last year.

Gustav Gistvik worked as a quantitative analyst at the now-closed Frost Asset Management and was part of the founding team launching Frost, a fixed-income relative-value fund operating in the Nordic markets. Before joining Frost in 2019, Gistvik worked under the leadership of Tidan’s CEO Gunnar Wiljander as a quant at Nektar Asset Management. Wiljander was the CEO of Nektar, one of Sweden’s oldest and largest hedge funds, for ten years. After graduating with a M.Sc. in applied physics and financial mathematics from The Institute of Technology at Linköping University in 2014, Gistvik joined Brummer Fund Services as a valuation analyst.

“Gustav Gistvik has joined us as a quantitative analyst. We are very happy to have Gustav in the Tidan team.”

“Gustav Gistvik has joined us as a quantitative analyst,” writes CIO Michael Falken, who co-launched Tidan alongside co-portfolio manager William Wilson, CEO Gunnar Wiljander, and cross-asset trader Aram Hussein. “We are very happy to have Gustav in the Tidan team.” Michael Falken and William Wilson have over 40 years of combined experience employing capital structure relative-value strategies, having employed a similar strategy within Brummer-backed Carve.

Tidan builds carefully-constructed market- and company-neutral packages of long and short positions to capitalize on mispricings and dislocations within a firm’s capital structure. The core idea of Tidan’s strategy focuses on going long undervalued securities linked to one part of the capital structure and simultaneously going short overvalued securities linked to another part of the capital structure. Tidan Fund, which oversees €88 million under management as of the end of January, edged down 1.0 percent in the turbulent month of January 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
Previous article
Next article

Latest Articles

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

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.