From sleepless nights to wildest career experience: Covid-19 effects behind 98 percent return at Copenhagen-based hedge fund

Two Danes behind a thematic hedge fund managed to create impressive return in 2020. Returns were accelerated by the corona outbreak, one of the two co-founders and portfolio managers tells AMWatch. Going forward, they are positioning the fund for change in the interest rate and inflation regime.

Michal Danielewicz and Jens W. Larsson, portfolio managers and co-founders of the thematic hedge fund St Petri. The hedge fund takes its name after the Sankt Petri church next to its office in Copenhagen. | Photo: PR/St Petri Capital

In 2020, Copenhagen-based hedge fund St Petri L/S obtained a total return of 98.3 percent, taking the lead among the Nordic equity hedge funds, according to Hedge Nordic.

"It's pretty wild. We hadn't expected anything like this. And I've never experienced something like this before in my career," says Michal Danielewicz.

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