- Advertisement -
- Advertisement -

VER Appoints Portfolio Manager for Hedge Funds

Report: Systematic Strategies

- Advertisement -

Stockholm (HedgeNordic) – The State Pension Fund of Finland (VER) has appointed Hanna Haavanlammi as the new portfolio manager responsible for hedge funds, succeeding Antti Vartiainen, who joined Elo in May after a 14-year tenure at VER. Haavanlammi joins VER from Finland’s central bank, the Bank of Finland, where she spent more than ten years.

“I’m happy to share that I’m starting a new position as Portfolio Manager for Hedge Funds at Valtion Eläkerahasto – The State Pension Fund of Finland,” Vartiainen announces on LinkedIn. Vartiainen spent her entire career at the Bank of Finland, most recently as Senior Portfolio Manager in the Market Operations Department. In her role, she was involved in the implementation of the European Central Bank’s asset purchase programmes (asset purchase programme – APP – and Pandemic emergency purchase programme – PEPP) on behalf of the Bank of Finland. Vartiainen started her career as a summer trainee in the central bank’s investment division in May 2013.

“I’m happy to share that I’m starting a new position as Portfolio Manager for Hedge Funds at Valtion Eläkerahasto – The State Pension Fund of Finland.”

Hanna Haavanlammi steps into the role previously held by Antti Vartiainen, who oversaw hedge fund investments until his move to Finnish pension insurance company Elo in May this year. The position involves responsibilities related to investments in hedge funds and systematic strategies, as well as derivative activities related to the management of various market risks.

The State Pension Fund of Finland (VER) is one of Finland’s largest institutional investors with an investment portfolio worth €22 billion. VER maintains one of the lowest percentage allocations to hedge funds among Finland’s largest institutional investors. At the end of June, the State Pension Fund of Finland had 4.1 percent of its portfolio invested in hedge funds, totaling €913 million.

VER’s investments in hedge funds and systematic strategies edged down 0.6 percent in the first half of 2023, following a return of 5.0 percent in 2022. Quantitative strategies delivered the strongest performance in the first half of this year. There was a lot of dispersion in returns among the funds employing a multi-strategy approach to investing. The first six months of 2023 also proved particularly challenging for the macro funds in VER’s portfolio. Last year, almost all hedge funds in VER’s portfolio offered strong returns, with the exception of funds focused on Asia and emerging markets.

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

Ridge Capital Expands Team After Hitting €100 Million Milestone

Stockholm (HedgeNordic) – With its unconventional high-yield bond strategy now exceeding €100 million in assets under management, Ridge Capital is expanding its portfolio management...

“7 Years, Niller, Then You Know a Thing or Two”

Stockholm (HedgeNordic) – There is a Danish saying that goes, “7 years, Niller, then you know a thing or two,” suggesting that seven years...

Brobacke Gains 7.6% in Early July, Predicts Continued Bull Market

Stockholm (HedgeNordic) – After a relatively flat first half of 2024, marked by noticeable month-over-month volatility, discretionary macro fund Brobacke Global Allokering advanced 7.6...

Kristofer Barrett Back to Managing Tech Fund

Stockholm (HedgeNordic) – Kristofer Barrett, the former portfolio manager of the multi-billion-dollar Swedbank Robur Technology fund, has returned to managing a technology-focused equity fund....

Tidan’s Resurgence Amid Markets Needing a Touch of Magic

Stockholm (HedgeNordic) – In late 2021, Michael Falken and his team at Tidan Capital launched a hedge fund employing a capital structure relative value...

The Value of Short Selling for Symmetry

Stockholm (HedgeNordic) – Stock-picking hedge fund Symmetry Invest has achieved a net-of-fees annualized return of 18 percent since its inception just over 11 years...

Allocator Interviews

In-Depth: High Yield


Request for Proposal

- Advertisement -