Hedge fund manager Marcus Wahlberg has decided to outsource the fund management function of his long/short equity strategy, Elementa, to ISEC Services, consolidating administrative, regulatory, and operational responsibilities within a specialized management platform. The transition does not affect the portfolio manager, investment strategy, risk profile, or fee structure, but is intended to free up time for Wahlberg to focus more fully on day-to-day portfolio management.

Elementa will continue to be managed by Wahlberg and follow the same investment approach as before but will now operate within ISEC’s fund platform. The transfer is scheduled to take effect on June 1. The fund has worked with ISEC since its inception 11 years ago and already relies on several of its services, providing a solid foundation for the transition.

“When the fund was established, fund platforms were not as prevalent as they are today,” explains Wahlberg. “This represents a more efficient way to run the fund and opens up opportunities for growth and expansion.”

“This represents a more efficient way to run the fund and opens up opportunities for growth and expansion.”

The move is expected to streamline administration, provide access to broader operational resources, and create better conditions for the portfolio manager to focus on investments and further develop the fund’s distribution. “Overall, we believe this is to the benefit of the fund’s unitholders,” says Wahlberg, adding that the new structure should contribute to a more cost-efficient, stable, and long-term sustainable setup.

The transition comes against a more challenging start to 2026, partly reflecting a less supportive environment for small- and micro-cap equities, which form a core part of Elementa’s investment universe. Despite the headwinds, Wahlberg remains constructive on the segment.

“The majority of these companies have improved their results and are profitable, even though the segment as a whole has gone through a challenging period.”

“The majority of these companies have improved their results and are profitable, even though the segment as a whole has gone through a challenging period,” he notes. Such periods are typically followed by stronger ones, says Wahlberg. In this environment, he sees additional value in simplifying the fund’s operational framework to maintain focus on stock selection and portfolio construction. “Against this backdrop, we see particular value in being able to streamline the fund’s administration.”