- Advertisement -
- Advertisement -

Kenny Friis Gade Takes on Deputy CIO Role at Asgard

- Advertisement -

Stockholm (HedgeNordic) – Kenny Friis Gade has joined fixed-income boutique Asgard Asset Management as Deputy Chief Investment Officer as of March 1. Friis has joined Asgard after nearly eight years at SEB, where he worked as Head of Trading and Head of Markets.

“Tomorrow is my first day at Asgard Asset Management. I’m very much looking forward to initiate this new adventure with the Asgard team,” Kenny Friis Gade writes on LinkedIn. “Thanks, Morten Mathiesen, for showing me the trust. Becoming an integral part of the team delivering top nudge performance and products to existing and new clients will be my top priority.”

“Becoming an integral part of the team delivering top nudge performance and products to existing and new clients will be my top priority.”

Before joining SEB in 2015, Friis worked at Nykredit Asset Management for more than ten years. He served as chief portfolio manager of Nykredit’s fixed-income-focused hedge fund strategies Mira and Kobra for a little more than four years. He then joined SEB in April 2015 as Head of Trading before taking on an additional role as Head of Markets in September 2018.

In late 2022, Asgard Asset Management also appointed Kasper Ullegaard as chief executive officer following the announced departure of Birger Durhuus. Ullegaard, who assumed his new role on November 1, previously held senior positions with large Danish financial institutions, most recently at Danske Bank, where he is responsible for ESG Advisory – Institutional Banking. He also previously worked at Sampension, where he spent over nine years as head of fixed income.

Asgard Asset Management oversees €864 million in assets across its two fixed-income hedge funds within the Nordic Hedge Index: Asgard Fixed Income Fund and Asgard Fixed Income Risk Premia. Asgard Fixed Income Fund is one of the most decorated hedge funds at the Nordic Hedge Award, sitting on the podium in the “Best Nordic Fixed-Income Hedge Fund” category in nine of the ten editions of the Nordic Hedge Award and winning the top prize five times. Asgard Fixed Income Fund, down 10.9 percent in the difficult market conditions of 2022, gained 3.2 percent in the first month of 2023. The younger Asgard Fixed Income Risk Premia advanced 3.4 percent in January 2023 after booking a loss of 8.0 percent in 2022.

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

Dial Up Return, Not Risk: The Z-Shift Framework

By Russell Korgaonkar and Graham Robertson – Man AHL: Over the past few years, we have written about how it is possible to build...

Charlie Munger’s Enduring Legacy Among Nordic Investors

Stockholm (HedgeNordic) – Charlie Munger will leave a legacy; his wit and wisdom will resonate across generations of investors, continuing to influence and benefit...

The Narrative Has Shifted

Stockholm (HedgeNordic) – Stock markets globally lost ground for three consecutive months starting in August, only to witness a recovery in November. Following a...

Global Assets Founder Shifts Focus

Stockholm (HedgeNordic) – Lars Semb Maalen-Johansen, the responsible fund manager of Global Assets Dynamic under the umbrella of Global Assets, is bidding farewell to...

Case Hedgefond Building Stability and Momentum

Stockholm (HedgeNordic) – Case Hedgefond, once a billion-dollar fund in the Nordic hedge fund industry, has undergone a restructuring process since being taken over...

Ex-QQM Duo Unveils Funds Under Meriti Umbrella

Stockholm (HedgeNordic) – Ola Björkmo and Jonas Sandefeldt, known for developing the systematic market-neutral strategy behind QQM Equity Hedge, are spearheading the launch of...

Allocator Interviews

Latest Articles

Man Institute Insights

Voices

Request for Proposal

- Advertisement -