- Advertisement -
- Advertisement -

Related

Alcur Strengthens Team with Experienced Trader

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Swedish fund boutique Alcur Fonder has hired Peter Guve to oversee trading for the boutique’s assets under management that exceed SEK 11 billion. Guve brings more than 30 years of experience in a trading capacity, having most recently served as a senior portfolio manager and trader at AMF Pension for eight and a half years.

“We are very happy that Peter has chosen to join our team,” the team at Alcur Fonder comments on Peter Guve’s appointment. His employment is initially confirmed for the remainder of this year. Before his tenure at AMF Pension, Guve worked as a trading specialist for more than 25 years. He worked as an equity sales specialist and trader at Alfred Berg Fondkommission for over five years, and in a similar capacity at ABB Aros Fondkommission for nine and a half years until March of 1997.

“We are very happy that Peter has chosen to join our team.”

Alcur Fonder currently manages three funds with a combined SEK 11 billion in assets under management as of the end of May. The boutique’s first fund, Alcur, which held SEK 7.1 billion as of the end of May, received the title of the “Best Nordic Equity Hedge Fund” of 2022 at the Nordic Hedge Award. Alcur, which employs a low-net equity strategy, was up 8.2 percent in 2022 to reach an annualized return of 10.6 percent over the previous three years and a three-year Sharpe ratio of 2.55, the second-highest in the Nordic hedge fund industry during that period. The fund is up 1.7 percent over the first seven months of 2023.

Alcur Fonder’s small-cap-focused long/short equity fund – Alcur Select – was crowned the “Best Nordic Hedge Fund Overall” and “Best Nordic Equity Hedge Fund” of 2021. Led by Wilhelm Gruvberg, the fund achieved an annualized return of 21.6 percent since its launch in May 2018 despite recording a loss of 19.4 percent in 2022. Alcur Select, which manages nearly SEK 3.0 billion, edged up 1.8 percent in the first seven months of 2023. Alcur Fonder also manages a long-only equity fund named Alcur Grow, which maintains a portfolio comprising 25 to 30 Nordic small- and medium-sized public companies.

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

Machine Learning Helps Lynx Constellation in Tough Trend Markets

Lynx Asset Management is best known for its flagship trend-following strategy, the Lynx Program, which celebrated its 25th anniversary this year. In late 2019,...

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

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.