- Advertisement -
- Advertisement -

Symmetry Steps into Second Decade of Action

- Advertisement -

Stockholm (HedgeNordic) – In March 2013, young accountant Andreas Aaen launched a long/short equity fund with ‘friends and family’ capital to put his accounting, company analysis, and stock-picking skills to the test. Fast forward to today, Aaen’s Symmetry Invest is celebrating its ten-year anniversary, having delivered an annualized return of 19.1 percent, reached $100 million in assets under management, and grown from a one-member team into a team of seven people.

“It has been a fantastic and not least educational journey. Time flies almost too quickly when you are working with what you are passionate about,” founder and portfolio manager Andreas Aaen comments on reaching the tenth anniversary. “Over a ten-year time period, there will be ups and downs in the stock markets and it is always about learning from the market,” continues Aaen. “The past few years in particular have offered greater fluctuations and we have shown the ability to adapt the portfolio and at the same time achieve some of the best results for Symmetry Invest.”

“Crises will come and go, but if we constantly work in a structured way to buy the best companies, we will be able to create great value over time.”

Symmetry Invest, which relies on a long/short equity approach to invest in European small and mid-cap stocks, generated an annualized return of 13.8 percent in the past five years alone. This five-year time period has been particularly difficult and volatile for equity investors, starting from the volatile fourth quarter of 2018 to the coronavirus-stricken first quarter of 2020, and the challenging environment of 2022. “Crises will come and go, but if we constantly work in a structured way to buy the best companies, we will be able to create great value over time,” points out Aaen.

Expectations Going Forward

Passive investing has been a rewarding experience for equity investors for more than a decade, with a major contributor to success lying in the extended outperformance of large-cap technology companies. The market environment going forward will likely reward much greater selectivity among asset classes and individual securities. “We have seen a decade where tech stocks were on the rise and investors would have been pretty safe by buying some of the big companies or a broader index,” says Aaen. “We expect that to change and it will be crucial to pick your investment carefully for the coming years,” he emphasizes. “As an active manager, we should benefit from an environment like that.”

As short-term performance in financial markets is unpredictable, Symmetry Invest will aim to generate an annualized return of above 15 percent over a five-year period. “Predicting the short-term future is always difficult and therefore we have a long-term focus in our investments,” says Aaen. Having started out as a one-man firm with few resources, Symmetry Invest is better equipped and positioned to reach its return objective as the fund steps into the second decade of action.

“Symmetry Invest started at the back of the financial crisis as a one-man band and has grown into a strong team with seven passionate members for the future.”

“Symmetry Invest started at the back of the financial crisis as a one-man band and has grown into a strong team with seven passionate members for the future,” says Aaen. The Aalborg -based boutique has also invested heavily in a better setup for data processing, and subscriptions, among other things, to strengthen the team’s research capabilities. “It is an ongoing process, and we always aim to be at our best,” emphasizes Aaen.

“Time is the most important factor as an investor,” concludes Aaen. “You can have ups and downs in shorter periods for different reasons, but if you deliver high returns over a decade, you have proven your fund, strategy and team to be there for the long run. That makes investors trust you.”

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

Leveraging Opportunities in Credit Markets

Stockholm (HedgeNordic) – After several years of successful bond investing through a private investment company, Nicolai Wenckheim launched an alternative investment fund in March...

ATP’s Response to Changing Equity-Bond Correlations

Stockholm (HedgeNordic) – In 2022, the usual negative correlation between equities and bonds, essential for the construction of diversified portfolios, disappeared. This rare anomaly,...

Evolution in Hedge Fund Investing with LGT Collaboration

Stockholm (HedgeNordic) – Since Peter Ragnarsson assumed the role of Head of Alternatives at PRI Pensionsgaranti in 2015, the Swedish pension insurer has significantly...

Borea Expands Sustainability Focus with New Hire

Stockholm (HedgeNordic) – Norwegian fund boutique Borea Asset Management has expanded its management team with the hiring of Iselin Ahmer Solberg as a corporate...

Schroders Strengthens Nordic Client Team

Stockholm (HedgeNordic) – Schroders is expanding its client relationship capabilities in the Nordics with the appointment of Ludvig Löfving as a Client Director. He...

The Lynx Constellation Is Brightening Up

Stockholm (HedgeNordic) – Lynx Asset Management made headlines in late 2019 with the launch of its pure-play machine learning strategy, Constellation, as a standalone...

Allocator Interviews

Latest Articles

Man Institute Insights


Request for Proposal

- Advertisement -