- Advertisement -
- Advertisement -

Related

Jonna Ryhänen Assumes Permanent CIO Role at Elo

Latest Report

- 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

Sissener Expands Investment and Sales Teams with Senior Hires

Just months after bringing on Mads Andreassen as Investment Manager, Norwegian fund boutique Sissener AS continues to expand its team with two key additions....

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

Accendo-Backed SSH Secures Major Investment from Leonardo

While public and policy discussions around defence often focus on conventional weapons, many of today’s most active and frequent battles are unfolding in cyberspace....

Swedbank Robur Strengthens Private Equity Team

Swedbank Robur has appointed Lorenzo Gregory Sormani as co-portfolio manager of its private equity fund, Swedbank Robur Alternative Equity I, joining Senior Portfolio Manager...

Beyond Renewables: Coeli Fund Taps Into the Broader Electrification Race

Earlier this year, portfolio managers Vidar Kalvoy and Joel Etzler renamed their fund from Coeli Renewable Opportunities to Coeli Energy Opportunities – a move...

Three Danish Hedge Funds Recognized by the Hedge Fund Journal

Three Danish hedge funds have been recognized at the 2025 Hedge Fund Journal CTA and Discretionary Trader Awards. Two funds managed by Danske Bank...

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.