- Advertisement -
- Advertisement -

Related

St. Petri’s Second Go at Launching Small-Cap Fund

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Danish fund boutique St. Petri Capital is making a second attempt at launching its long-only European small-cap fund after postponing its launch in late 2022 due to challenging market conditions. Ivan Larsen, a long-time small-cap-focused portfolio manager at Danske Bank Asset Management, joined St. Petri Capital as a partner last year to launch and manage St. Petri Europe Small Cap alongside Johann Grøndahl.

“Our new European Small Cap fund is starting,” Larsen announces on LinkedIn. The launch of the fund was initially planned for September or October of 2022. Following discussions with investors, the team decided to postpone the launch amid high uncertainty across financial markets stemming from worrying geopolitical and macroeconomic developments. St. Petri Capital is currently raising capital to launch the fund at a second attempt “as we are coming out of a downturn, where small-cap stocks were particularly hard hit,” according to a letter by Larsen.

“Our new European Small Cap fund is starting.”

Ivan Larsen and his co-manager Johann Grøndahl will employ a long-term stock-picking strategy focused on quality companies. “I have developed my investment philosophy over many years,” Larsen said back in 2022. “I have always been a long-term stock picker focusing on quality companies with a strong market position, companies that have some kind of uniqueness,” he explained his investment approach. “In our new fund, we define these as quality companies with an edge.”

The launch of the European Small Cap fund will complement St. Petri Capital’s core offering consisting of a thematic-focused long/short equity fund. St. Petri L/S, managed by St. Petri Capital co-founders Michal Danielewicz and Jens Larsson, has delivered an annualized return of about 13 percent since launching in early 2018 after booking an annual gain of 98 percent in 2020. The long/short equity fund gained 4.7 percent in the difficult market conditions of 2022 and was down 5.2 percent over the first four months of 2023. St. Petri Capital has also welcomed Claus Johansen as a portfolio manager and partner to launch a healthcare-focused long-only equity fund in the second half of this year.

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

Sissener Expands Investment and Sales Teams with Senior Hires

Just months after bringing on Mads Andreassen as Investment Manager, Norwegian fund boutique Sissener AS continues to expand its team with two key additions....

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

Accendo-Backed SSH Secures Major Investment from Leonardo

While public and policy discussions around defence often focus on conventional weapons, many of today’s most active and frequent battles are unfolding in cyberspace....

Swedbank Robur Strengthens Private Equity Team

Swedbank Robur has appointed Lorenzo Gregory Sormani as co-portfolio manager of its private equity fund, Swedbank Robur Alternative Equity I, joining Senior Portfolio Manager...

Beyond Renewables: Coeli Fund Taps Into the Broader Electrification Race

Earlier this year, portfolio managers Vidar Kalvoy and Joel Etzler renamed their fund from Coeli Renewable Opportunities to Coeli Energy Opportunities – a move...

Three Danish Hedge Funds Recognized by the Hedge Fund Journal

Three Danish hedge funds have been recognized at the 2025 Hedge Fund Journal CTA and Discretionary Trader Awards. Two funds managed by Danske Bank...

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.