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Finnish Family Office Backs Asilo

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Stockholm (HedgeNordic) – Founded by the Laine family in 1965 as a fruit and vegetable wholesaler, Veikko Laine Oy has evolved and developed a strong asset management business. With a focus on investments spanning public companies, select fund investments, and private equity and venture capital opportunities, this Finnish family office has now become a shareholder in Asilo Asset Management. As part of this partnership, Veikko Laine has made a significant investment in the Asilo Argo fund, known for its high-conviction strategy of identifying “future superstar” stocks, overseen by Ernst Grönblom and Henri Blomster.

“We are honored to welcome such a legendary investor to Asilo,” says Casper Grönblom, CEO of Asilo Asset Management. “This alliance functions as a quality stamp, sending a clear signal to our clients and other stakeholders that we are doing the right thing,” he adds. “We believe that Finland contains world-class investment expertise, and the partnership with Veikko Laine Oy provides us with resources also for international expansion.”

“We are honored to welcome such a legendary investor to Asilo.”

Casper Grönblom

Veikko Laine Oy stands as one of the largest and most respected family offices in Finland. The company and the Laine family have a long history of establishing and supporting rising asset management firms, including United Bankers, Conventum, Avenir, eQ, and Taaleri. Moreover, Veikko Laine Oy has been actively supporting and investing in local hedge funds, having been a founding partner of Avenir, one of the oldest hedge funds in the region, during the early 2000s.

Ernst Grönblom and Henri Blomster, alongside a broader team behind the scenes, implement a high-conviction strategy focusing on about a dozen current or potential future superstar companies. Following strong performance in 2023 and early 2024, coupled with fresh capital inflows, the equity fund Asilo Argo has recently surpassed the €100 million mark in assets under management.

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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

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