- Advertisement -
- Advertisement -

Jonna Ryhänen Assumes Permanent CIO Role at Elo

- Advertisement -

Stockholm (HedgeNordic) – Finnish pension insurance company Elo has appointed Jonna Ryhänen as Chief Investment Officer and Deputy CEO. Ryhänen, a long-term director who has led Elo’s allocation and alternative investments unit, assumed the role of interim investment chief on October 1 to succeed Hanna Hiidenpalo, who decided to step down from the position.

Ryhänen has extensive work experience in Elo’s investment organisation and its predecessor companies. Ryhänen has been part of Elo since its establishment in January 2014 through the merger of Pension Fennia and LocalTapiola Pension Company. Prior to that, she worked at LocalTapiola since early 2000. “Jonna has a strong track record in the management of the investment organisation and vision to further develop the function,” says Carl Pettersson, CEO of Elo. “I am happy that we are getting Jonna to steer Elo’s investments.”

“It is a great honour to lead Elo’s top investment experts.”

“It is a great honour to lead Elo’s top investment experts,” comments Jonna Ryhänen. “Employment pension companies carry out very meaningful work and it is a pleasure to be involved in this task from the investment organisation.” Ryhänen has been serving as interim investment chief since early October after the former Chief Investment Officer announced her departure. While Elo initially announced the search for a new CIO, it was later decided that Ryhänen would continue her interim duties permanently.

Elo is the third-largest of the four pension insurance companies in Finland, overseeing an investment portfolio worth €28.8 billion as of the end of the third quarter. Elo had 9.7 percent, or €2.75 billion, of its portfolio allocated to hedge funds at the end of the quarter, up from 9.3 percent at the end of 2022. Elo’s portfolio of hedge funds returned 4.3 percent in the first three quarters of 2023 following a return of 2.3 percent for the full year of 2022.

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

Leveraging Opportunities in Credit Markets

Stockholm (HedgeNordic) – After several years of successful bond investing through a private investment company, Nicolai Wenckheim launched an alternative investment fund in March...

ATP’s Response to Changing Equity-Bond Correlations

Stockholm (HedgeNordic) – In 2022, the usual negative correlation between equities and bonds, essential for the construction of diversified portfolios, disappeared. This rare anomaly,...

Evolution in Hedge Fund Investing with LGT Collaboration

Stockholm (HedgeNordic) – Since Peter Ragnarsson assumed the role of Head of Alternatives at PRI Pensionsgaranti in 2015, the Swedish pension insurer has significantly...

Borea Expands Sustainability Focus with New Hire

Stockholm (HedgeNordic) – Norwegian fund boutique Borea Asset Management has expanded its management team with the hiring of Iselin Ahmer Solberg as a corporate...

Schroders Strengthens Nordic Client Team

Stockholm (HedgeNordic) – Schroders is expanding its client relationship capabilities in the Nordics with the appointment of Ludvig Löfving as a Client Director. He...

The Lynx Constellation Is Brightening Up

Stockholm (HedgeNordic) – Lynx Asset Management made headlines in late 2019 with the launch of its pure-play machine learning strategy, Constellation, as a standalone...

Allocator Interviews

Latest Articles

Man Institute Insights


Request for Proposal

- Advertisement -