Stockholm (HedgeNordic) – Joakim Hannisdahl’s Gersemi Asset Management has officially opened its new office in Oslo and welcomed a freshly hired portfolio manager, Fredrik Flem. Flem joined Gersemi at the start of September to co-manage Hannisdahl’s recently launched long/short shipping hedge fund, Gersemi Shipping Fund.
“We opened our new offices in Oslo and welcomed our new colleague, Fredrik Flem, to the team,” announces Hannisdahl, who has been running a shipping-focused strategy after a successful career as a shipping analyst. Flem joined Gersemi after two years as a relationship manager at Nordea’s shipping finance team, where he was involved in structuring and executing complex financial transactions within the maritime shipping sector. He holds a Master’s degree in shipping, trade, and finance from the Cass Business School. “I’m happy to share that I’m starting a new position as Portfolio Manager in Gersemi Asset Management’s long/short shipping hedge fund,” comments Flem.
“We opened our new offices in Oslo and welcomed our new colleague, Fredrik Flem, to the team.”
After achieving the top rank as a shipping equity analyst on Bloomberg and co-founding and managing a shipping long/short equity hedge fund with investment bank Cleaves Securities, Joakim Hannisdahl launched Gersemi Shipping Fund under his independent asset management firm in July this year. The freshly launched fund continues to rely on Hannisdahl’s proven and time-tested investment approach, which has generated an annualized return of 32 percent from 2017 until the inception of the new fund. Gersemi Shipping Fund gained an estimated 5.5 percent since launching in July through the end of last week.
Hannisdahl predominantly employs a long/short equity strategy to capitalize on the cyclical expansions and contractions in various shipping segments, including dry bulk, oil tankers, car carriers, LPG carriers, LNG carriers, and containers. Gersemi Shipping Fund mainly invests in equities, which represent the backbone of the fund, but Hannisdahl and the freshly hired portfolio manager can also invest in bonds, mezzanine, and derivatives such as forward rate agreements.