- Advertisement -
- Advertisement -

Related

A COO for Protean’s Growth Journey

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – The founding duo of the newly-launched Swedish hedge fund Protean Select has appointed Daniel Mackey as the Chief Operating Officer of the fund management company. Mackey brings years of operating experience from roles as a chief financial officer at both private and listed companies, as well as several senior positions in fund administration.

Daniel Mackey

“We are thrilled to announce the appointment of Daniel Mackey as the COO of Protean Funds,” Pontus Dackmo and Carl Gustafsson (pictured), the founding duo of Protean Select, announce on LinkedIn. “This is an important step for us in ensuring we always paint within the regulatory lines and that our operations are managed in a professional and efficient manner. We take our fiduciary duty to our investors seriously,” they add. “We are pleased someone with this wealth of experience is joining, and it will enable the investment managers to focus more on investing and less on running a business.”

“We are pleased someone with this wealth of experience is joining, and it will enable the investment managers to focus more on investing and less on running a business.”

Daniel Mackey most recently served as the CFO at privately held and public companies in Sweden. He also has many years of experience in fund administration, accounting, and valuation from both big asset managers and custodians. For instance, Mackey served as the Head of Fund Accounting and Nordic Head of Fund Distribution Services Operations at Nordea Asset Management in the early 2010s.

Launched on May 2 this year, Protean Select is a returns-focused hedge fund employing a long-biased long/short approach to invest in Nordic equities. Run by Pontus Dackmo and Carl Gustafsson, Protean Select has delivered a cumulative return of 7.5 percent since early May through the end of November. The fund oversees a little over SEK 600 million in assets under management after strong inflows and solid performance doubled its capital since launch.

The founding duo is evaluating the option of launching a small-cap long-only fund following strong performance of Protean Select’s long-only small-cap bucket. “The Nordic small-cap space is our home turf, and we see the rationale for the self-allocating investor looking for thoughtful and opportunistic exposures in Scandinavia,” Dackmo writes in the latest letter to investors. “We think there is a white space for a local limited-size long-only small-cap fund aimed at global professional investors.”

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

Machine Learning Helps Lynx Constellation in Tough Trend Markets

Lynx Asset Management is best known for its flagship trend-following strategy, the Lynx Program, which celebrated its 25th anniversary this year. In late 2019,...

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

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.