Stockholm (HedgeNordic) – Activist investor Accendo Capital has announced the appointment of Dylan Griffiths as a portfolio manager, based at its Malta office. Accendo has been actively seeking to hire an additional portfolio manager in Malta after Nicholas Bianco departed in the summer to pursue a new role at financial asset management firm GWM Group.

Dylan Griffiths started working at Accendo in its Malta office at the beginning of September, with his role as portfolio manager subject to approval from the Malta Financial Services Authority (MFSA). Before joining Accendo Capital, Griffiths spent two and a half years as a global equity research analyst at Ashburton Investments and previously worked as a business analyst at Contrarius Investment Management. “We’re excited to have Dylan on board and look forward to working together,” announces the team at Accendo on LinkedIn.

“We’re excited to have Dylan on board and look forward to working together.”

Griffiths will work alongside Henri Österlund, the founder of Accendo Capital who is also based in Malta. He will be part of the broader investment team, which includes Mark Shay, a partner and portfolio manager based in Stockholm. Accendo Capital focuses on investing in Nordic small-cap companies, using active ownership to drive shareholder value. The fund manages €140 million in assets across seven holdings as of the end of September. Despite a nearly 50 percent loss last year that impacted its long-term performance, Accendo has generated an annualized return of 10.4 percent since its inception in 2008. The fund is up 14.3 percent year-to-date through September.