- Advertisement -
- Advertisement -

Related

Indecap-PriorNilsson Deal Gets Regulatory Nod

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – The Swedish Financial Supervisory Authority, Finansinspektionen, has granted approval for Indecap’s acquisition of fund boutique PriorNilsson Fonder. This strategic collaboration will create one of the largest independent fund players in Sweden, with combined assets under management of SEK 55 billion. Despite joining forces, both PriorNilsson and Indecap will maintain their distinct brands and continue managing their funds according to their existing investment strategies.

“PriorNilsson is an extremely well-managed company with many years of successful fund management,” says Mats Lagerqvist, CEO of Indecap. “The deep knowledge and experience of PriorNilsson’s managers are impressive and we look forward to developing and strengthening the company,” he continues. “Together, we become a stronger player and an important part of the Swedish fund market.”

Founded in 2002 by PO Nilsson and Torgny Prior, PriorNilsson Fonder has evolved from a two-person asset manager into a stock-picking boutique with a broader team and a broader range of funds. Its first fund, PriorNilsson Yield, was launched in late 2002, followed by the higher-risk, higher-reward long/short equity fund, PriorNilsson Idea, four years later. The boutique now manages nine funds with over SEK 13 billion in assets under management, with hedge funds accounting for over half of that total. PriorNilsson Idea, the firm’s largest product, oversees SEK 4.7 billion in assets under management as of the end of August.

Indecap is owned by Sparbankerna, a network of 34 Swedish savings banks, providing PriorNilsson with access to a broader investor base. “We look forward to taking the company forward under strong owners like Sparbankerna,” said PriorNilsson founders PO Nilsson and Torgny Prior (pictured) when the deal was announced in May. “We see this as a fantastic opportunity for the company and it will be extremely exciting,” they added. “We will continue to work on developing PriorNilsson with good products and be able to reach out to more customers.”

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

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

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.