Atlas Global Macro, last year’s top-performing Nordic hedge fund, is becoming more accessible to Danish investors through a newly launched feeder fund on the Fundmarket platform. The structure provides exposure to the Luxembourg-domiciled Atlas Global Macro Fund 2, a version of the strategy that excludes legacy Russian holdings.
“We are pleased to announce that our partner, Fundmarket, has launched a Danish feeder fund, enabling investors to access Atlas Global Macro Fund 2 through their platform,” the team at Atlas states. Portfolio manager Jakob Sabroe highlights growing demand in the strategy. “We’ve seen a notable increase in investor interest over the past few quarters. In response, we have launched a Danish feeder fund in collaboration with Fundmarket to provide a simple way for Danish investors to access the Atlas strategy.”
“We’ve seen a notable increase in investor interest over the past few quarters. In response, we have launched a Danish feeder fund in collaboration with Fundmarket to provide a simple way for Danish investors to access the Atlas strategy.”
The “Fund 2” structure was introduced following the suspension of new subscriptions in the original fund, which had exposure to Russian assets as part of a commodity supercycle investment ahead of Russia’s invasion of Ukraine in 2022. These positions became effectively frozen and untradeable due to sanctions and countermeasures. To protect existing investors, the original vehicle, Atlas Global Macro Fund 1, remains closed to new subscriptions and continues to hold the Russian-exposed assets. Atlas Global Macro Fund 2 has the identical investment strategy but is fully segregated from these legacy positions.
This dual-fund structure allows new capital to enter the strategy without diluting existing investors or inheriting impaired assets, while preserving continuity in portfolio construction and investment approach. The newly launched Danish feeder fund provides a straightforward and operationally efficient access point to the Luxembourg-domiciled fund for local investors. According to the Atlas team, the structure is designed to be both simple and cost-efficient, targeting Danish semi-professional and professional investors only.
Exposure to Russian assets resulted in a significant drawdown in 2022, but Atlas Global Macro has since staged a strong recovery. After two years of rebuilding, the macro hedge fund co-managed by CIO Lars Tvede and portfolio managers Jakob Due and Jakob Sabroe finished 2025 as the best-performing Nordic hedge fund with a return of 39.2 percent. The strategy remains firmly rooted in a thematic, global macro approach, with a long-term conviction in a commodity supercycle forming a core pillar of the portfolio since inception. And thus far, the fund’s solid performance from 2025 has continued into 2026.
