- Advertisement -
- Advertisement -

Related

Nowo Buys Ola Björkmo’s QQM Stake

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Swedish fintech company Nowonomics has acquired the remaining minority stake in boutique asset manager QQM Fund Management from partner and CEO Ola Björkmo. The publicly-listed fintech company behind savings platform Nowo now owns 100 percent of QQM, which oversees about SEK 700 million in assets under management across the long-only equity fund Nowo Global Fund and systematic market-neutral equity fund QQM Equity Hedge.

In mid-2021, Nowonomics announced an agreement to acquire a 72 percent stake in QQM Fund Management via a non-cash stock issue. The selling shareholders included QQM’s partner and portfolio manager Jonas Sandefeldt, COO Grant Loon, and Mangold. QQM’s Partner and CEO Ola Björkmo retained the remaining stake of 28 percent and continued in his role as CEO and Portfolio Manager to develop QQM under the umbrella of Nowonomics. He has now agreed to sell his 28 percent stake in QQM in exchange for newly-issued shares in Nowonomics.

“The fact that we have agreed with Ola Björkmo to acquire the remaining minority stake in QQM is a fun and important step for the Nowo Group’s formation,” comments Rutger Selin, CEO of Nowo. Björkmo will become a significant shareholder in Nowonomics and will continue to manage the two funds alongside Jonas Sandefeldt. “The fact that QQM now becomes a wholly owned subsidiary of Nowo is important as we now move forward with our new business area of occupational pensions.”

“Nowo is an exciting and innovative company and I look forward to continuing to manage Nowo Global Fund and QQM Equity Hedge.”

“Nowo is an exciting and innovative company and I look forward to continuing to manage Nowo Global Fund and QQM Equity Hedge,” comments Ola Björkmo, CEO of QQM Fund Management. “The new group operates in a very interesting market with great opportunities,” he continues. “The decision to apply for a permit for insurance distribution in the large and growing membership base of more than 150,000 members makes the occupational pension area particularly interesting when we look at how we can develop both existing and new products and offers.”

Following Nowo’s acquisition of a majority stake in QQM Fund Management, the manager of the equities-focused market-neutral hedge fund QQM Equity Hedge also took over the management of Nowo Global Fund in 2022. QQM Equity Hedge employs a systematic market-neutral strategy designed to capture the correlation between fundamentals and equity prices. The market-neutral fund edged down 0.3 percent in the difficult market conditions of 2022 and is down an estimated 3.2 percent in the first quarter of 2023. QQM Equity Hedge has returned a cumulative 57 percent since inception at the beginning of 2008, corresponding to an annualized return of 3.0 percent.

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

Brevan Howard Winds Down Volatility Fund Managed by Ville Helske

Brevan Howard Asset Management is winding down a volatility-focused hedge fund run by high-profile Finnish portfolio manager Ville Helske. Helske, formerly Head of Allocation...

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

Quirky Questions for: Stefan Nilsson (Hedge Funds Club)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Origo’s Johansson Returns to Sohn Conference with High-Conviction Pick

Swedish stock-picking boutique Origo Fonder is gaining fresh recognition following a strategic transformation, strong performance, and growing assets. The firm’s evolution into an “Origo...

Commodities Lift CTAs Amid Turmoil

In June 2025, the NHX CTA Index was up as losses in stocks and bonds were outweighed by profits in commodities, but briefly erupting...

Finserve Global Security Fund Boosts Quant Edge with Martin Redgård

Under lead portfolio manager Joakim Agerback, the Finserve Global Security Fund has successfully capitalized on the global surge in defense, cybersecurity, and space investments...

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.