- Advertisement -
- Advertisement -

All Alarm Bells are Ringing

- Advertisement -

Stockholm (HedgeNordic) – Max Mitteregger of Gladiator Fond has frequently voiced his concerns about the macroeconomic environment in recent years, pointing to the massive central bank money printing, and ever-increasing debt levels, among other developments. Mitteregger’s cautious stance, partly reflected in his fund’s low net market exposure, significantly hurt the performance of Gladiator Fond last year. His increasingly cautious stance helped long/short equity fund Gladiator Fond advance 12 percent in the first quarter of 2022.

“People think I’m always a little negative, but now all the alarm bells are ringing,” Max Mitteregger tells Swedish business magazine Dagens Industri (DI). “All alarm bells are ringing.” Mitteregger’s bearish and cautious stance stems from impending wage inflation on the back of rampant inflation and rising long-term interest rates. Russia’s war in Ukraine is also a major factor of concern for market participants, according to the money manager. “Globalization is dead now because of what is happening with Russia,” Mitteregger tells Dagens Industri.

“People think I’m always a little negative, but now all the alarm bells are ringing.”

Despite Gladiator Fond recouping some of last year’s loss of 51.4 percent, Max Mitteregger’s long/short equity fund will be merged with Adrigo Small & Midcap L/S under Adrigo’s management later this year. Following more than 17 years at the helm of Gladiator Fond, Mitteregger will continue to serve as Senior Advisor to East Capital Group’s Adrigo platform. Gladiator Fond has managed to generate an annualized return of 6.2 percent since launching in early 2005.

Although Max Mitteregger maintains a cautious view on the development of equity markets in the immediate future, he highlights three listed companies worth investing in. Both Mitteregger and his Gladiator Fond have high exposure to Swedish research-based biopharma companies Camarus and BioArctic, as well as a leading care company in the Nordics, Attendo. Gladiator Fond ended the month of March with a negative market exposure of 20 percent.


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


Most Popular This Week


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...