Stockholm (HedgeNordic) – Stockholm-based fund boutique Tidan Capital has announced the appointment of Stuart Abel as its new Chief Operating Officer (COO). Abel, a seasoned professional in hedge fund management and operations, previously served as the COO for the Swedish systematic hedge fund manager, IPM Informed Portfolio Management.

With a career spanning almost two decades, Stuart Abel joins Tidan Capital from Brummer & Partners. He oversaw operations for an internal team at Brummer Multi-Strategy running an equity long/short technology strategy. Abel also co-founded Krma Capital, a systematic high-frequency hedge fund operating in Stockholm and London, following the closure of IPM in 2021. His six-year tenure at IPM, which used to manage close to $6 billion in its flagship macro strategy, saw him in various roles such as deputy COO, Head of Operations, and ultimately Chief Operating Officer.

“His deep understanding of the financial industry and his notable ability to drive strategic initiatives and complex projects make him the ideal choice for Tidan as we navigate our next phase of growth and innovation.”

Michael Falken

“Stuart brings a wealth of experience and a proven track record of operational excellence,” says Michael Falken, the founder and CIO of Tidan Capital. “His deep understanding of the financial industry and his notable ability to drive strategic initiatives and complex projects make him the ideal choice for Tidan as we navigate our next phase of growth and innovation,” he continues. “We are thrilled to welcome Stuart to our executive team.”

Stuart Abel oversees Tidan Capital’s day-to-day administrative and operational functions as of January 10 and is set to play a crucial role in steering the company towards its strategic objectives. Stuart Abel expressed his enthusiasm on joining Tidan, stating, “It’s a pleasure to be joining such a talented team and I’m really looking forward to contributing to Tidan’s growth at this very exciting time for the firm.”

“It’s a pleasure to be joining such a talented team and I’m really looking forward to contributing to Tidan’s growth at this very exciting time for the firm.”

Stuart Abel

Established in 2020, Tidan Capital is an independent investment management company founded by Brummer & Partners alumni with decades of investment experience across the capital structure. Michael Falken and his team, which includes ex-Goldman Sachs capital structure veteran William Wilson, have been running a capital structure relative value strategy under the umbrella of Tidan Capital since October 2021. The recent addition of IPM alumni Serge Houles as a partner and head of client portfolio management coincided with Tidan Capital’s efforts to launch an active, unconstrained fund focusing on global high-yield markets.