Stockholm (HedgeNordic) – Money manager Martin Axell is leaving Swedish fund management group Länsförsäkringar after eight and a half years in the role of Head of Multi Assets and Manager Selection to join Lancelot Asset Management. In addition to running Länsförsäkringar’s asset allocation funds, he used to run the insurer’s multi-asset hedge fund Länsförsäkringar Multistrategi alongside Sebastian Hallenius since the duo assumed responsibility for the day-to-day management of the fund in mid-June 2019.
“After 20 years at large companies in the asset management industry, most recently as Head of Länsförsäkringar’s asset allocation fund management, I will shortly move on to another asset management business,” Axell announced on LinkedIn. “It has been a privilege to lead and learn from talented colleagues and friends in asset allocation fund management, where the team’s total number of managed funds has increased from 5 to 18, and assets under management have gone from SEK 4.5 billion to SEK 75 billion.”
Before returning to Sweden in 2014, Axell spent six years in London working for the largest corporate pension scheme in the United Kingdom, BT Pension Scheme Management, as investment manager, at insurance companies Amlin as investment development manager, and at Legal & General as Head of Investment Team, as well as Morgan Stanley. He joined Länsförsäkringar in May 2014.
“I join Lancelot to help clients navigate in this new market, and more specifically to run the firm’s global asset allocation fund Ector.”
Martin Axell will join Lancelot Asset Management on November 4 as a senior fund manager of asset allocation. “Today’s financial challenges of high volatility and steep inflation along with positive correlation between equities and bonds, require new ways of thinking in terms of managing multi asset class long-term savings portfolios,” comments Axell. “I join Lancelot to help clients navigate in this new market, and more specifically to run the firm’s global asset allocation fund Ector,” he tells HedgeNordic.
Lancelot Ector targets stable returns through active management across equity and fixed-income markets. Ector runs a benchmark-agnostic investment strategy focusing on stable companies with low valuation and low beta, along with an active and opportunistic fixed-income strategy, according to Axell. Ector has delivered an annualized return of 5.1 percent with low volatility since 1996.