Stockholm (HedgeNordic) – Stockholm-based fund boutique Tidan Capital is broadening its suite of strategies with the upcoming launch of its systematic macro initiative in the third quarter of 2024. The initiative will be led by Linus Nilsson, who has been appointed as Tidan’s Head of Systematic Strategies, effective July 1st.
Nilsson joins Tidan Capital from his role as Senior Portfolio Manager at APG, one of Europe’s largest pension funds. Before this, he served as both fund manager and CIO for a European systematic hedge fund, where he implemented trading strategies and oversaw investment activities. His extensive background also includes roles such as Head of Risk Management at a hedge fund seeding platform, senior hedge fund analyst at Man Investments, risk manager and analyst at Norges Bank Investment Management, as well as investment analyst at a Swedish CTA fund of funds manager.
The Asterion Program aims to capture short-term price fluctuations using multiple uncorrelated strategies inspired by behavioral and flow-induced market dynamics. The Program is designed to offer low correlation with conventional trend-based models. “The Asterion Program offers a unique approach in the systematic space both leveraging price and fundamental data to translate behavioral insights into investment opportunities to deliver uncorrelated alpha,” explains Serge Houles, CEO of Tidan Capital. “Linus’s proven track record and deep expertise in systematic strategies will be invaluable as we plan to broaden our suite of macro and trend-following strategies.”
“The Asterion Program offers a unique approach in the systematic space both leveraging price and fundamental data to translate behavioral insights into investment opportunities to deliver uncorrelated alpha.”
Serge Houles, CEO of Tidan Capital.
Nilsson will officially assume his role as Head of Systematic Strategies on July 1. He will also serve as a partner and sit on the firm’s investment committee. “Joining Tidan Capital is a natural fit for my vision and experience,” Linus Nilsson comments on joining Tidan. “I am eager to contribute to the firm’s culture of innovation and collaborative thinking to lead the development of systematic strategies that can thrive in diverse market conditions.” Michael Falken, the CIO and founder of Tidan Capital, goes on to add that “the recruitment of Linus Nilsson underscores our dedication to attracting top-tier talent in the industry. His deep understanding of systematic trading and risk management will be instrumental in driving the success of the Asterion Program and future initiatives.”
“Joining Tidan Capital is a natural fit for my vision and experience.”
Linus Nilsson
In addition to running a capital structure relative value strategy under the Tidan Fund since October 2021, Tidan Capital recently announced the launch of a market-neutral volatility and options arbitrage strategy named Nova. This strategy, under the stewardship of newly appointed portfolio manager Magnus Linder, is set for an initial launch during the summer as part of a bespoke mandate for a large US institutional investor. Subsequently, in the third quarter, Tidan Capital will launch a commingled fund within Tidan’s RAIF structure in Luxembourg, with seed capital provided by a Swedish family office.
