- Advertisement -
- Advertisement -

Related

Impega’s Momentum Carries into 2025

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Norwegian money manager Petter Kvamme Jensen may be a newcomer to the Nordic hedge fund scene, operating with a relatively low profile, but his equity hedge fund, Impega, is once again topping the performance charts. After delivering a 54 percent return in 2024 – ranking second in the Nordic hedge fund industry – Impega has carried its strong momentum into 2025. The “small but agile” long-biased equity fund, which operates on the AKJ Hedge Fund Platform with a flexible mandate, posted an 8.2 percent gain in January.

“2025 has started strong for Impega, continuing the momentum from a solid 2024,” says Kvamme Jensen, a former employee with 12 years of experience at Norges Bank Investment Management. Launched in May 2023, his fund ended 2024 with a return of 54.1 percent and finished the year as the second-best performing fund in the Nordic hedge fund industry. The fund has carried that momentum into 2025 to extend the inception-to-date return to 86.1 percent, currently leading the performance charts in what has been a strong January for the industry.

“2025 has started strong for Impega, continuing the momentum from a solid 2024.”

“Our approach at the beginning of the year was to maintain full exposure in order to capitalize on the typical January effect,” says Kvamme Jensen, referring to the seasonal pattern where stock markets tend to rise more in January than in any other month. However, by mid-January, Kvamme Jensen began to reduce exposure “due to increasingly unstable signals from the Trump administration, particularly regarding trade and policy shifts.” He further explains, “Ahead of the announcement on U.S. tariff sanctions against Mexico, Canada, and China, we lowered our market exposure to 40 percent long.”

“Our approach at the beginning of the year was to maintain full exposure in order to capitalize on the typical January effect.”

Impega operates as a long-biased equity fund, with its long portfolio structured across three tiers: high-quality large-cap dividend stocks, mid-cap value stocks, and small-cap growth stocks. While maintaining a long-term buy-and-hold strategy for the core positions in the first tier, Kvamme Jensen takes a more active trading approach with the second and third tiers. Initially involved in NBIM’s operations department, handling exchange-traded derivatives, and later serving as a money market trader in the trading department, Kvamme Jensen now manages his equity-focused fund with the flexibility and tools to adjust portfolio risk based on evolving market conditions.

“Our main short position remains Tesla, while Palantir and Nordic Semiconductors are the main contributors on the long side.”

“Our main short position remains Tesla, while Palantir and Nordic Semiconductors are the main contributors on the long side,” Kvamme Jensen summarizes the biggest bets in the portfolio. The strong performance from 2024 and January 2025 “has carried over into February, and we continue to focus on identifying undervalued, high-quality companies,” he concludes. “We look forward to continuing this journey and will stay vigilant in managing risk while seizing new opportunities.”

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

Sweden’s Hedge Fund Industry: Still a Nordic Powerhouse, But No Longer the Largest?

When strictly looking at the domicile of the management company, Sweden has been seen as home to Europe’s second-largest hedge fund hub by assets...

Protean Select’s Three-Year Track Record and What’s Next

When Pontus Dackmo and Carl Gustafsson launched their equity hedge fund, Protean Select, in early 2022, they made a clear commitment to themselves and...

Tidan’s Ambition: From One-Strategy Firm to Multi-Strategy Powerhouse

As Brummer & Partners alumni, Michal Falken and William Wilson assembled a team to launch a capital structure relative value strategy under the umbrella...

Apoteket Pension Fund’s Winning Formula: Hedge Funds as the Cornerstone

Since taking the helm as Chief Investment Officer of Apoteket’s Pension Fund in 2017, Gustav Karner has guided the €1.22 billion pension foundation to...

Mastering Supply and Demand: Svelland’s Approach to Commodities

Norwegians have long demonstrated a deep understanding of commodity markets, with national wealth rooted in natural resources such as oil, gas, hydropower, and seafood. This...

SEB’s Front-Row View on Trends Shaping the Nordic Hedge Fund Market

Like any other financial ecosystem, the Nordic hedge fund industry comprises a wide range of stakeholders — from fund managers and their investors to...

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.