Stockholm (HedgeNordic) – Svelland Capital, the commodity-focused asset manager that runs Svelland Global Trading Fund, is bolstering its ten-person team with the addition of Nadia Wiggen. Wiggen, a partner and chief oil and gas analyst at Pareto Securities, will assume the role of director on September 1. While being part of the company’s flat structure, her primary focus will involve nurturing relationships with existing and prospective clients of the fund.
Wiggen brings five years of experience as the chief oil and gas analyst at Oslo-based Pareto Securities. Before her time at Pareto, she held the position of senior vice president of analysis and head of markets at independent energy research company Rystad Energy, also based in Olso. During her career, Wiggen spent a portion of her professional journey in London, working as a commodity analyst at Phibro for six years and at Morgan Stanley for two and a half years. At Svelland Capital, her responsibilities will continue to involve analyzing energy and raw materials markets, but the primary focus in her new role will be managing client relationships.
“I will become an integral part of the team here. I will contribute to building up, structuring, expanding and running the fund together with my new colleagues…”
London-based Svelland Capital led by Norwegian Tor Svelland operates the Svelland Global Trading Fund, a long/short equities- and commodities-focused hedge fund. The fund primarily engages in futures and equity trading in LNG, crude oil, emissions, copper aluminium, and iron ore. With an annual return of 45.2 percent, Svelland Global Trading Fund was the best-performing fund in the Nordic hedge fund industry last year. The fund has delivered an annualized return of 24 percent since its launch in August of 2017.
“The main reason why I am joining Svelland Capital is that the firm runs a fantastic fund, which should manage more money,” Nadia Wiggen tells Norwegian newspaper Dagens Næringsliv. “I will become an integral part of the team here. I will contribute to building up, structuring, expanding and running the fund together with my new colleagues, and do everything from sales to analysis and representation.” Wiggen’s objective is to leverage her international network to attract new investments for Svelland Capital’s hedge fund. Currently managing approximately NOK 4 billion, Tor Svelland’s plan is to close the fund once it reaches $750 million under management, equivalent to about NOK 8 billion at the current exchange rate.
“I am very happy to have Nadia join the team. She has tremendous experience.”
Wiggen will operate within the firm’s flat structure, which consists of ten people based in Oslo and London. She will work out of Svelland’s office at Solli Plass in Oslo. “I am very happy to have Nadia join the team. She has tremendous experience,” says Svelland, highlighting Wiggen’s prior experience and expertise in commodity markets accumulated at Phibro and Morgan Stanley in London before she came to Oslo. Wiggen used to work with Svelland Capital’s portfolio manager Andreas Mattsson at Morgan Stanley.