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Danske Appoints Head of Quant & Overlay

Report: Private Markets

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Stockholm (HedgeNordic) – Danske Bank Asset Management announced the appointment of Thomas Gade as Head of Quant & Overlay as a successor to Jasper Riis, who joined +, Pensionskassen for Akademikere in March. The Quant & Overlay team manages Danske Bank’s quantitative-based equity strategies, equity and derivatives-based hedge fund strategies, and equity index products.

“It’s an obvious move in many ways. I recognise the ambitions and the high level of professionalism at Danske Bank Asset Management from my years in London,” comments Thomas Gade. “While Danske Bank is anchored in the Nordics, the organisation’s outlook is global,” he continues. “The investment area is undergoing rapid development and can really provide value for customers.”

Thomas Gade joins Danske Bank Asset Management from Goldman Sachs, where he spent close to ten years within its Nordic institutional solutions group. Gade will reunite with the CIO of Danske Bank’s asset management arm, Thomas Otbo, who recruited Gade to his team at Goldman Sachs back in 2013.

“We get an investment profile who can further develop the investment area thanks to his solid international experience and a broad understanding of asset classes across markets.”

“With the recruitment of Thomas Gade, we get an investment profile who can further develop the investment area thanks to his solid international experience and a broad understanding of asset classes across markets,” comments Otbo, who has been serving as CIO of Danske Bank Asset Management since 2021. “At the same time, we are also bringing onboard a strong commercial profile with a deep insight into the needs of customers.”

Danske Bank’s Quant & Overlay team works with liquid alternative strategies, and index funds, as well as the development of several portfolio solutions with a particular focus on integrating sustainability. This team is responsible for managing two hedge funds that are part of the Nordic Hedge Index. Danske Bank’s Global Alternative Opportunities Fund seeks to capture alternative risk premia across several asset classes, while Danske Invest Global Cross Asset Volatility seeks exposure to volatility risk premia embedded in equities, fixed income, credit, and currencies.

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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

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