- Advertisement -
- Advertisement -

Related

Joakim Hannisdahl Parts Ways with Cleaves

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Analyst-turned-hedge fund manager Joakim Hannisdahl has left the Cleaves Securities-backed asset management firm he co-founded and led as CEO due to “irreconcilable differences” with the Cleaves head office, according to TradeWinds. Hannisdahl co-founded Cleaves Asset Management to run the shipping-only hedge fund Cleaves Shipping Fund, which returned close to 30 percent in U.S. dollars since its launch in October of last year through the end of August 2022.

“I have done my utmost to continue the fund as a going concern with me as the fund manager, but I have been unsuccessful in my efforts,” Hannisdahl wrote in a statement to clients seen by TradeWinds. “The investors are always my top priority and I feel personally responsible for the current situation, despite the situation having arisen due to actions taken which are outside of my control.”

“I have done my utmost to continue the fund as a going concern with me as the fund manager, but I have been unsuccessful in my efforts.”

After years as a sell-side analyst focusing on the shipping sector, Hannisdahl was appointed as the CEO of Cleaves Asset Management in the second half of 2021 to run the newly-established shipping hedge fund, Cleaves Shipping Fund. Before co-founding the asset management firm, he had served as Head of Research at Cleaves Securities since October 2018 after Cleaves acquired his own shipping-focused independent equity research platform, Gersemi Research.

Cleaves Shipping Fund was launched within a Norwegian alternative investment fund structure in October last year before launching in an Irish structure this summer to open up access to a larger investor audience beyond the Norwegian market. According to maritime, shipping and offshore-focused media platform Splash, Cleaves Securities has informed investors that a new team had been put in place to run the shipping hedge fund.

Hannisdahl, meanwhile, hinted he would continue his asset management career. “I have continuously delivered strong returns to investors over many years and I have the intention to continue doing the same in the future.” He registered a new Norwegian company – Gersemi Asset Management – with a name originating from the name of his former firm that was acquired by Cleaves in 2018.

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

Capital Four Reaches Hard Cap for Fifth Private Debt Vintage

Copenhagen-based credit specialist Capital Four has reached the hard cap of €3 billion for its fifth private debt vintage, Private Debt V – Senior....

Othania Introduces UCITS Version of All-Weather Strategy

Danish boutique asset manager Othania has assumed management of the UCITS-structured fund ØU Invest Balance KL, which will be rebranded as Othania Stabil UCITS...

Hilbert Expands Asset Management Arm

Hilbert Group, which operates an asset management business specializing in hedge funds focused on digital assets, has completed the acquisition and integration of digital...

Elementa Reaches All-Time High on 10th Anniversary

Elementa, the long/short equity fund managed by Marcus Wahlberg, was named “Rookie of the Year” at the 2015 Nordic Hedge Award, recognizing it as...

Private Markets and Equity Exposure Top Priorities for Nordic Investors

Nuveen has published the results of its annual Global Institutional Investor Survey, revealing that 58 percent of the 40 surveyed Nordic investors plan to...

Anders Augusén Joins Brummer & Partners to Lead New Pod

Brummer & Partners is preparing to launch a new pod within its Brummer Multi-Strategy, focusing on a Scandinavian-oriented discretionary fixed-income relative value and macro...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -