Stockholm (HedgeNordic) – After starting as a one-person fund boutique in 2018 and becoming a two-person shop in May 2022, Calculo Capital has now announced the appointment of Mark Steeltoft as a Client Specialist. The commodity-focused trend-follower will remain a two-person boutique as quantitative analyst Victor Lund Klestrup Hansen is pursuing his career outside Calculo Capital.
“I am incredibly excited to announce that I will be sitting in Charlottenlund as a Client Specialist at Calculo Capital,” Mark Steeltoft announces on LinkedIn. “I look forward to working with the talented team at Calculo Capital to help grow the fund to new heights and create success for our clients,” he continues. “As a Client Specialist, I will be dedicated to contributing to the fund’s continued development and I look forward to learning more about the industry and strengthening my skills in the job.”
“I am incredibly excited to announce that I will be sitting in Charlottenlund as a Client Specialist at Calculo Capital.”
“Welcome aboard Mark! We are thrilled to have you join us at Calculo Capital and for the journey ahead,” comments Philip Engel Carlsson, who runs Calculo Capital from the Charlottenlund region of Denmark. “The key focus for Calculo at the current stage is marketing and growing assets and not quantitative development and new strategies, as we are very pleased with our current strategy,” says Carlsson.
Victor Lund Klestrup Hansen and Carlsson mutually agreed that the quantitative analyst should pursue and build on his quantitative skills outside Calculo. “While we are sad to say farewell to a very talented young man as Victor, a quant with a deep passion for strategy development, it was the right strategic move for all of us,” says Carlsson. Hansen has joined Quent, a quantitative energy-focused trading company.
Calculo Capital offers two funds that run on a trend-following strategy focused exclusively on the most liquid commodities, ranging from energy, metals, and agricultural commodities to softs such as coffee, cocoa, sugar, and others. Launched in August 2018, Calculo Evolution Fund gained 15.1 percent in last year’s volatile commodity markets, driven by a slew of factors such as rising inflation, recession concerns, war, and war-related disruptions to markets for critical raw materials. In early 2023, Calculo Capital launched a higher-risk, higher-return version of its Calculo Evolution Fund.