- Advertisement -
- Advertisement -

Alcur Strengthens Team with Experienced Trader

- 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

Niche Opportunities in Private Credit Amid Record Dry Powder Levels

Stockholm (HedgeNordic) – The evolution of private credit as an asset class has been remarkable, attracting increasing allocations from investors. Assets under management by...

Tidan Readies Systematic Macro Launch with Linus Nilsson

Stockholm (HedgeNordic) – Stockholm-based fund boutique Tidan Capital is broadening its suite of strategies with the upcoming launch of its systematic macro initiative in...

Chelonia to Embrace Long-Biased Strategy

Stockholm (HedgeNordic) – Despite securing a spot among the top 15 best-performing Nordic hedge funds this year as a market-neutral fund, Chelonia Market Neutral...

Nykredit Hedge Funds Battle to Reverse Downtrend in Assets

Stockholm (HedgeNordic) – Despite showing improved performance, the fixed-income hedge fund trio at Nykredit Asset Management is struggling to reverse a downward trend in...

“Boring” Short Sellers Partner with Sector for Fund Launch

Stockholm (HedgeNordic) – Renowned short seller Andrew Left has been quoted as saying that short sellers are becoming “a dying breed.” Despite the departure...

Adrigo Catapults into Top Five After Strong May

Stockholm (HedgeNordic) – Adrigo Small & Midcap L/S has surged into the top five best-performing Nordic hedge funds for the year, boasting a return...

Allocator Interviews

Latest Articles

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -