Stock-picking boutique Alcur Fonder has appointed Per Flöstrand as Chief Investment Officer, with the portfolio manager taking over the role from co-founder and long-time CIO Johan Klevby. The transition marks a shift in responsibilities rather than a departure, with Klevby remaining closely involved in portfolio management while redirecting part of his focus toward the firm’s investment infrastructure.
Flöstrand joined Alcur Fonder in January last year as a portfolio manager, becoming part of the team overseeing the low-risk hedge fund Alcur Classic. He transitioned to the buy-side after more than 15 years at ABG Sundal Collier, where he most recently served as Head of Equity Sales Sweden and International. His appointment as Chief Investment Officer marks a rapid expansion of responsibilities within just over a year at the firm, moving from portfolio management into a broader leadership role overseeing the investment function.
“Per has extensive management experience from London and Stockholm and has been a member of ABG’s group executive management team,” notes COO Petter Mattsson. “We have long had the ambition to bring in individuals who can take responsibility for clarifying and formalizing roles within the company,” he adds. “It therefore feels very good to conclude that we now have the strongest team ever.”
“We have long had the ambition to bring in individuals who can take responsibility for clarifying and formalizing roles within the company.”
Petter Mattsson, COO at Alcur Fonder.
Klevby, one of the founders of Alcur Fonder, is stepping down from his role as CIO but will remain actively involved in the investment process. “The company is growing, and Johan in particular has had many roles within the organization,” says Mattsson. “He will continue to focus on portfolio management, while dedicating more time to investment models, systems, and other data-related projects that are important for continuously improving our investment process.”
“The company is growing, and Johan in particular has had many roles within the organization. He will continue to focus on portfolio management…”
Petter Mattsson, COO at Alcur Fonder.
The leadership change comes as Alcur Fonder continues to expand both its team and assets under management, supported by strong performance across its strategies. The firm introduced a limited subscription mechanism for its flagship fund, reflecting sustained investor demand and strong performance. Alcur Classic has grown to manage SEK 9.2 billion as of February, more than doubling its assets since 2021, while the higher-risk, higher-return long/short equity fund Alcur Select manages approximately SEK 5 billion.
