- Advertisement -
- Advertisement -

Related

Asilo Argo Surpasses €100 Million Milestone

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Amid a tough market in 2022, Finnish fund manager Ernst Grönblom assembled a team to continue running his high-conviction strategy of selecting “future superstar” stocks under his independent fund boutique. Following strong performance in 2023 and early 2024, along with new capital inflows, the equity fund Asilo Argo has now surpassed the €100 million mark in assets under management. This marks the first time Grönblom has achieved this milestone since managing his strategy for over a decade under various umbrellas.

“We are thrilled to announce a landmark achievement for Asilo Argo: our assets under management have officially exceeded the €100 million mark,” announces Grönblom on LinkedIn. “This milestone is a testament to our fund’s strong performance both in terms of outstanding fund returns and a very respectable amount of new subscriptions,” he continues. Despite a challenging 2022 with a 53 percent loss, Asilo Argo embarked on a turnaround in 2023 with a nearly 64 percent gain, followed by an additional 6.4 percent increase in the first month of 2024. “For our current and potential investors, this achievement opens new horizons. It’s not just a number; it’s a gateway to more substantial opportunities, enhanced stability, and continued growth.”

“This milestone is a testament to our fund’s strong performance both in terms of outstanding fund returns and a very respectable amount of new subscriptions.”

According to Grönblom, reaching this level of assets is a critical success factor in the investment fund industry. “It addresses the challenge many emerging funds face: attracting major institutional investors,” he explains. Large institutional investors such as pension funds typically avoid investing in smaller funds due to their large investment tickets. “Crossing this threshold signifies that Asilo Argo is now ‘big enough’ to capture the attention and confidence of these significant investors, overcoming the classic ‘chicken-and-egg’ dilemma hindering growth,” says Grönblom. “With this hurdle cleared, we are excited to welcome new investors. The shop is open, and the future looks bright.”

“With this hurdle cleared, we are excited to welcome new investors. The shop is open, and the future looks bright.”

Grönblom, together with co-portfolio manager Henri Blomster and a broader team behind the scenes, implements a high-conviction strategy focusing on approximately 12 current or potential future superstar companies. Asilo Argo’s investment approach prioritizes high concentration and aims to identify the small fraction of listed companies that drive the majority of broader market returns. These superstar companies typically share common characteristics such as advanced digitization, exceptional labor skills, a strong emphasis on innovation, and substantial intangible assets.

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

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

The Changing Role of Private Credit in a New Interest Rate Environment

During the era of near-zero or negative interest rates, traditional fixed income delivered minimal returns, prompting investors to turn to private credit for higher...

Infrastructure: Building Blocks for a Sustainable Future

Infrastructure across many parts of the world is either decades old or, in some regions, barely existent. Against this backdrop, the need for infrastructure...

Investing in Nordic Infrastructure Through Partnership with the Public Sector

Infrastructure investment is often viewed as a public sector responsibility, heavily influenced by political priorities. However, the growing need for new infrastructure projects –...

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.