- Advertisement -
- Advertisement -

Related

Formue Nord Expands to Stockholm

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Danish boutique asset manager Formue Nord has expanded its reach by opening an office in Stockholm and appointing Erik Josefsson as Senior Partner to lead the office. Josefsson, who most recently served as Head of Corporate Finance at Mangold Fondkommission, will be sharing the Stockholm office with Formue Nord’s Junior Analyst, Patrick Kondrup Mørup, right from the outset. The firm plans to assemble a larger team in the city over the next year.

“Happy to announce that I’m joining Rasmus Viggers and Thøger Dam Johansen and the rest of the team at Formue Nord,” announces Erik Josefsson (pictured left). “I open up our Stockholm office together with Patrick Kondrup Mørup. Super excited to get to work,” he continues. “Erik joins as Senior Partner and will be heading our Stockholm office,” comments Formue Nord’s founder and CIO, Rasmus Viggers. “Now you are on the ‘right side of the table’ after almost a decade of mutual business.”

“Happy to announce that I’m joining Rasmus Viggers and Thøger Dam Johansen and the rest of the team at Formue Nord.”

Josefsson has spent the past 17 years at the investment bank boutique Mangold Fondkommission, where he was involved in providing investment banking services within the small and micro-cap sector in Sweden. Formue Nord is a specialized asset manager offering tailored financing solutions to listed micro-, small- and mid-cap companies in the Nordic region via its two funds: Formue Nord Markedsneutral and Formue Nord Fokus. Since its inception, Formue Nord has executed a total of 705 investments, with the Swedish market accounting for 91 percent of this deal flow. The remaining markets served by the firm include Denmark, Norway, Finland, and Germany.

Formue Nord Fokus generally offers financing solutions with a maturity of at least one year, whereas Formue Nord Markedsneutral engages in transactions with shorter maturities. Formue Nord Markedsneutral, the older of the two funds, has generated an annualized return of 4.9 percent since late 2015, while Formue Nord Fokus has achieved an annualized return of 8.8 percent since launching in the second half of 2018. Formue Nord manages more than SEK 1 billion in equity across the two funds, equivalent to just shy of €100 million. In addition, Formue Nord has established a co-investor arrangement that can quadruple that amount in relevant transactions, bringing its funding capacity up to SEK 400 million in any specific deal.

“We see great potential in offering longer-term loans to the upper end of their segment in the current market,” says Viggers. These listed companies previously had very good access to the bond market, but the current sentiment and higher interest rate environment have made this funding route much more costly. The team at Formue Nord believes that many cases are better suitable for bilateral loan agreements with Formue Nord Fokus as the sole lender.

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

Ymer to Launch Fourth CLO Fund with Proven Strategy and Structure

Building on the track record of three previous credit funds, Swedish alternative credit specialist Ymer SC AB is preparing to roll out its fourth...

Quirky Questions for: Stefan Nilsson (Hedge Funds Club)

Not every conversation in the hedge fund world needs to revolve around alpha, Sharpe ratios, or fund flows. In the ongoing Quirky Questions series,...

Origo’s Johansson Returns to Sohn Conference with High-Conviction Pick

Swedish stock-picking boutique Origo Fonder is gaining fresh recognition following a strategic transformation, strong performance, and growing assets. The firm’s evolution into an “Origo...

Commodities Lift CTAs Amid Turmoil

In June 2025, the NHX CTA Index was up as losses in stocks and bonds were outweighed by profits in commodities, but briefly erupting...

Finserve Global Security Fund Boosts Quant Edge with Martin Redgård

Under lead portfolio manager Joakim Agerback, the Finserve Global Security Fund has successfully capitalized on the global surge in defense, cybersecurity, and space investments...

Visio Allocator Storms Back After Difficult March

After posting the worst monthly performance in its 15-year history with a 13.7 percent decline in March, the team behind the multi-strategy Visio Allocator...

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.