- Advertisement -
- Advertisement -

Related

Protean Select is Going Live

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – A new fund is joining the Nordic hedge fund arena in early May. Founded and managed by Pontus Dackmo and Carl Gustafsson, Protean Select is a long-biased equity hedge fund set to launch on May 2, shortly after the Swedish Financial Supervisory Authority approved its fund prospectus.

“Here we go! Protean Select is launching on the 2nd of May,” Pontus Dackmo announces on LinkedIn. “Visualizing that 20-year track record laid out ahead, it’s fun to ponder it starts at a single point. This point: May 2, 2022,” writes Dackmo in a partner letter. “While I shouldn’t get too high-minded about it – after all, funds start and close all the time, we haven’t exactly invented penicillin – I do admit to being both a little proud and slightly nervous.”

“Visualizing that 20-year track record laid out ahead, it’s fun to ponder it starts at a single point. This point: May 2, 2022.”

Protean Select is a returns-focused hedge fund employing a long/short approach to invest in Nordic equities. “We do not subscribe to a particular investment philosophy. It’s therefore somewhat of a challenge to characterize the fund in simple terms,” explains Dackmo in the latest partner letter. “The best description I can come up with is we look for asymmetric opportunities: significant upside and acceptable downside, moderate upside and small downside, limited upside and no downside.”

“We do not subscribe to a particular investment philosophy. It’s therefore somewhat of a challenge to characterize the fund in simple terms.”

Dackmo focused on institutional sales of Nordic equities since 2005 and worked at several large banks and brokers such as ABG Sundall Collier, Danske Bank, Nordea and SEB in London and Stockholm. He also worked as Portfolio Manager at Nordea Asset Management and started a family office before launching Protean Funds in 2022. Dackmo will manage Protean Select with Carl Gustafsson, who most recently worked as a portfolio manager at Didner & Gerge.

“Our portfolio will consist of three Nordic buckets on the long side,” writes Dackmo. One third of the long portfolio will consist of higher quality core large-cap companies with limited cyclicality and high returns on capital employed. “One third small and midcap with room to grow significantly bigger over time, and one third opportunistic special situations,” he continues. The short side of the portfolio will mainly consist of market hedges “with an aim to limit drawdowns and hopefully improve compounding,” according to Dackmo. “It will have an opportunistic bucket of single-stock shorts, where and when we feel something is amiss and “obvious” (it seldom is).”

 

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

Origo’s Johansson Returns to Sohn Conference with High-Conviction Pick

Swedish stock-picking boutique Origo Fonder is gaining fresh recognition following a strategic transformation, strong performance, and growing assets. The firm’s evolution into an “Origo...

Commodities Lift CTAs Amid Turmoil

In June 2025, the NHX CTA Index was up as losses in stocks and bonds were outweighed by profits in commodities, but briefly erupting...

Finserve Global Security Fund Boosts Quant Edge with Martin Redgård

Under lead portfolio manager Joakim Agerback, the Finserve Global Security Fund has successfully capitalized on the global surge in defense, cybersecurity, and space investments...

Visio Allocator Storms Back After Difficult March

After posting the worst monthly performance in its 15-year history with a 13.7 percent decline in March, the team behind the multi-strategy Visio Allocator...

Sissener Expands Investment and Sales Teams with Senior Hires

Just months after bringing on Mads Andreassen as Investment Manager, Norwegian fund boutique Sissener AS continues to expand its team with two key additions....

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

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.