Stockholm (HedgeNordic) – Fixed-income portfolio manager Fredrik Tauson is joining Swedish asset manager Coeli after Nordic Cross Asset Management, the hedge fund boutique he co-founded back in 2016, has been taken over by Carnegie Fonder.

“It has been an exciting and rewarding journey to be involved in starting a fund company from scratch and building a completely new brand in the industry,” Tauson shares his thoughts on the experience of launching Nordic Cross Asset Management. “After six years and in connection with Carnegie’s take-over of the fixed income funds, it was natural for me to move on to new challenges,” he tells HedgeNordic.

“After six years and in connection with Carnegie’s take-over of the fixed income funds, it was natural for me to move on to new challenges.”

Tauson had worked as a fixed-income portfolio manager at the then-called Catella Fonder for about seven years before co-founding Nordic Cross in 2016 with former colleagues from Catella. After six years at the hedge fund boutique, Tauson is now joining Coeli amid Carnegie Fonder’s takeover of the Nordic Cross funds orchestrated by Altor-owned multi-boutique asset management group Carneo. “I have had my eye on Coeli over the years and have been impressed with their growth and the plans for future growth,” says Tauson. “As such, when CIO Erik Lundqvist contacted me I was thrilled and flattered.”

At Coeli, Tauson will manage fixed-income funds Coeli Likviditetsstrategi and Coeli Nordisk Företagsobligationsfond alongside existing portfolio manager Gustav Fransson. “Coeli’s two fixed income funds have a long and solid track record which enables a solid platform for the fixed income business,” comments Tauson. “Both funds have reasonably flexible mandates within their respective risk category to act in various market conditions,” he continues. “I will start by familiarizing myself with the existing portfolios and the positions in the funds and look forward to teaming up with Gustav.”

Tauson has already set his eyes on helping Coeli expand its fixed-income-focused asset management business. “Together with Coeli’s network and distribution capacity, I see exciting opportunities to reach out to more investors with Coeli’s existing funds and also see possibilities to launch new credit funds and to continue to create portfolios adapted to investor’s needs and to different market conditions,” concludes Tauson.