Svelland Capital, a discretionary asset manager in commodities and shipping markets, has strengthened its quantitative capabilities with the appointment of Pål Sundsøy as Head of Data Science within the Research team. Sundsøy, formerly a Lead Portfolio Manager and Lead Researcher in quantitative equity strategies at Norges Bank Investment Management (NBIM) – which manages Norway’s sovereign wealth fund – will focus on enhancing portfolio construction and risk management to optimize investment performance.
“We are pleased to announce the addition of Pål Sundsøy to our Research team as Head of Data Science (non-risk taker). He will be a valuable asset to the team,” writes the team at Svelland Capital. Before joining Svelland Capital, Sundsøy was a Portfolio Manager at a family office, where he specialized in quantitative approaches to stock selection and portfolio construction. Prior to that, he served as Lead Portfolio Manager and Lead Researcher at Norges Bank Investment Management (NBIM), where he developed sophisticated investment strategies and advanced risk management frameworks for large-scale equity portfolios. Earlier in his career, he worked as a Senior Data Scientist in the Big Data and AI research team at Telenor Global Markets.
“We are pleased to announce the addition of Pål Sundsøy to our Research team as Head of Data Science (non-risk taker). He will be a valuable asset to the team.”
Since mid-2017, Svelland Capital has been managing a fundamental, discretionary-driven long/short strategy focused on the commodity complex. Svelland Global Trading Fund, led by Norwegian Tor A. Svelland and his teams based in Oslo and London, trades across three asset classes: commodity futures, freight futures, and equities, with a smaller allocation to other areas within the commodity space. The fund has been one of the best-performing and fastest-growing hedge funds in the Nordic region in recent years. Since its launch in August 2017, Svelland Global Trading Fund has delivered an annualized return of 20 percent. By late 2024, the fund surpassed $750 million in assets under management and is now approaching the $1 billion mark.
