Stockholm (HedgeNordic) – Mikael Spångberg, the former managing director and portfolio manager of Brummer Multi-Strategy, has joined the board of directors of Quartile Fonder, also known as Kvartil. Fund boutique Kvartil was founded by Torbjörn Olofsson, previously a portfolio manager and partner at Brummer & Partners-backed Nektar Asset Management.
“We are very pleased that Mikael Spångberg has joined the Board of Directors of Quartile Fonder AB (Kvartil),” announces the team at Quartile Fonder led by CEO Torbjörn Olofsson. “The company is growing rapidly and Mikael’s deep knowledge in finance, management, and running fund companies will come in handy as Kvartil continues to expand.”
“We are very pleased that Mikael Spångberg has joined the Board of Directors of Quartile Fonder AB (Kvartil).”
Mikael Spångberg and Torbjörn Olofsson crossed paths at Nektar Asset Management, when Spångberg joined Brummer & Partners as COO of Nektar in 2012 and was later appointed Deputy CEO in 2013. Olofsson, on the other hand, ended his journey as a portfolio manager at Nektar Asset Management in September 2012 after serving in that role for 12 and a half years. He remained part of the firm’s Board as Executive Chairman until early 2015. After five years at Nektar Asset Management, Spångberg was appointed Managing Director and Portfolio Manager of Brummer Multi-Strategy in 2017. He stepped down from his role at Brummer Multi-Strategy and left Brummer & Partners in late 2021.
Following his 15-year tenure in various roles at Nektar, Olofsson spent three years as the CIO and co-founder of the now-closed macro hedge fund, Ambrosia, starting in the summer of 2015. In September 2018, Olofsson founded Stockholm-based asset manager Kvartil. Currently, Kvartil operates three different investment funds, one of which is a recently-launched special investment fund that provides targeted exposure to the unlisted companies owned by listed investment companies. This exposure is achieved by neutralizing the exposure to their listed underlying holdings through short selling.