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SRV Hires New Portfolio Manager

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Stockholm (HedgeNordic) – Danish hedge fund manager SRV Capital has strenghented its portfolio management team with the hiring of René Fischer as Portfolio Manager. Fischer worked for more than 20 years at Nordea Markets, most recently as Head of Repo trading until November 2020.

“To support the current and future growth of SRV Capital, we are proud to announce that we have hired René Fischer as portfolio manager,” announces SRV Capital’s CEO, Erik Bo Hansen, who co-launched a relative-value fund focused on the Scandinavian fixed-income universe with CIO Torben Pedersen in February 2019. “René has in-depth knowledge of the financial markets and in particular about money market interest rates and instruments, and most recently came from a position as head of Nordea’s repo trading.”

“To support the current and future growth of SRV Capital, we are proud to announce that we have hired René Fischer as portfolio manager.”

“I am happy to announce, that I have started in SRV Capital A/S as Portfolio Manager,” René Fischer announces on LinkedIn. Fischer worked as Head of DKK short-term fixed income and Repo trading at Nordea Markets between 2004 and 2016, as well as Head of Repo trading from 2016 until November 2020. Prior to joining Nordea Markets in September 1997, he worked as a money market broker at Astley & Pearce, now Icap Copenhgen, for nine years.

Both Erik Bo Hansen and Torben Pedersen had spent most of their professional careers at Nordea before launching SRV Capital’s relative-value fixed-income fund SRV – Fixed Income in early 2019. The relative-value fund employs a systematic approach to harvest risk premia in fixed income markets, aiming to exploit price dislocations predominantly in Nordic bond markets. The trading strategy is implemented through long and short positions in highly liquid government and mortgage bonds, combined with the use of derivatives and leverage.

SRV – Fixed Income’s portfolio seeks to maintain minimal exposure to interest rate risk, with hedging against tail risks representing an integral part of its investment strategy. The team systematically uses a portion of the harvested risk premia to buy insurance against large drawdowns. Down 1.6 percent in the first four months of 2022, SRV – Fixed Income has held up relatively well compared to many of its Danish peers in what has been a difficult market environment in Danish fixed-income markets.


Photo by Hunters Race on Unsplash

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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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