Stockholm (HedgeNordic) – After a challenging 2021 and an equally difficult 2022, Danish fixed-income boutique CABA Capital celebrated a standout year in 2023. Fueled by solid returns and a growing investor base, both its flagship CABA Hedge and the recently launched CABA Flex have witnessed an increase in assets under management. In response to this growth, CABA Capital has strengthened its investor relations team with the appointment of Torben Frederiksen as Client Relations Director, effective February 1.
Torben Frederiksen started his investment banking journey in 1990, serving as a market maker for Danish mortgage bonds and engaging in proprietary trading involving USD- and GDP-denominated fixed-income securities. His extensive experience includes ten years with Danske Markets and a pivotal role in re-establishing Danske Markets Inc. in New York from 2010 to 2014. Subsequently, Frederiksen assumed the role of Senior Vice President at Alm. Brand Asset Management, overseeing a team of 15 professionals responsible for fixed income and equity portfolio management, asset allocation, and institutional sales. He also played a key role in building SEB’s Fixed Income franchise in the DACH area during his tenure at SEB in Frankfurt.
Mette Østerbye Vejen, CEO and co-founder of CABA Capital, expresses her enthusiasm about Frederiksen joining the team: “Torben has had an impressive career, and I am very proud that he has chosen to become part of the CABA Capital team.” Throughout his career, Frederiksen has focused on Scandinavian bonds and advocated for the qualities they offer institutional and professional investors in Denmark and abroad. “Torben will bring valuable knowledge and experience to CABA Capital and he will play an important part in CABA Capital’s growth going forward.”
“Torben has had an impressive career, and I am very proud that he has chosen to become part of the CABA Capital team.”
Mette Østerbye Vejen
“I am both proud and honored to be part of CABA Capital, where I will join as Client Relations Director on 1 February,” Torben Frederiksen shares his excitement. “I am excited to join CABA Capital and look forward to bringing all my skills into play and, together with the team, expanding the business,” he continues. “A versatile and insanely exciting task awaits, and I hope and believe that as a united team, we can lift CABA Capital to an even higher level.”
“I am excited to join CABA Capital and look forward to bringing all my skills into play and, together with the team, expanding the business.”
Torben Frederiksen
CABA Capital currently manages two distinct funds. Launched in the summer of 2017, CABA Hedge focuses on harvesting structural risk premiums from AAA-rated Scandinavian mortgage bonds. In mid-December 2022, the firm introduced CABA Flex, a new fund employing a buy-and-hold strategy within a three-year maturity structure to capitalize on historically elevated spreads in the Scandinavian mortgage bond markets.
After facing downturns in 2021 and 2022, CABA Hedge rebounded with a return of 12.7 percent in 2023, bringing its assets under management back close to the DKK 1 billion threshold. CABA Flex, launched with an expected return of 37 percent over its three-year lifespan, returned a cumulative 21.2 percent since inception through the end of 2023. The fund’s assets under management more than quadrupled during 2023, rapidly approaching its maximum capacity of DKK 500 million. CABA Flex is expected to deliver a cumulative return of 39 percent since inception through its end-of-life in 2025.
