Stockholm (HedgeNordic) – In anticipation of the upcoming launch of its macro fund, Sweden-based Truepenny Capital Management has appointed Fredrik Sundvall as Chief Technology Officer (CTO) and portfolio manager. Sundvall will be collaborating with Thomas Orbert, the founder and CIO of Truepenny, in overseeing the soon-to-be-launched Truepenny Global Macro. This fund stands on three strategy pillars, combining systematic dynamic asset allocation, relative value strategies, and a discretionary macro overlay.

“New year – new challenges and opportunities! I am stepping into the role as CTO and portfolio manager at Truepenny Capital Management,” Fredrik Sundvall announces on LinkedIn. “This is something I have only been able to dream about so far, and for me, this is more exciting than climbing Mount Everest,” he notes. “And to do this with old friends and former colleagues is just fantastic!”

“New year – new challenges and opportunities! I am stepping into the role as CTO and portfolio manager at Truepenny Capital Management.”

Sundvall has 27 years of experience in financial markets, specializing in information technology and project management. His journey started as a quantitative analyst in fixed income at SEB, leading to his most recent role as a solution manager in a team for private and digital assets at Nordea Wealth Management. His extensive career includes positions such as Global Head of IT and e-trading within fixed income at SEB Markets, portfolio manager focusing on developing an alpha/beta separated strategy at SEB, and Head of Markets at SEB Latvia.

“The appointment of Fredrik is crucial to our assembly line at Truepenny to roll out new strategies in the future.”

Truepenny’s CEO, Thomas Lönnerstam, emphasizes that Fredrik Sundvall will play a vital role in managing Truepenny Global Macro, working alongside CIO Thomas Orbert across all three strategy pillars, with a specific focus on systematic strategies. Lönnerstam notes, “The appointment of Fredrik is crucial to our assembly line at Truepenny to roll out new strategies in the future.”

Following a career spanning over two decades as a quant researcher and portfolio manager at renowned banks and hedge funds like Nektar, Thomas Orbert founded Truepenny Capital Management in 2020. The firm is currently in the process of launching Truepenny Global Macro as a Luxembourg-domiciled SICAV. The fund will deploy a range of trading strategies, encompassing fully systematic dynamic asset allocation, relative value strategies, and model-based macro strategies focused on inflation risks. The fund is scheduled for launch towards the end of the first quarter or the beginning of the second quarter.