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.

“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.”