Nordea's raided 'Stars-team" to launch London-based EM fund

London-based fund manager has hired most of the emerging markets equity team that quit Nordea Asset Management in March, including lead portfolio manager Jorry Rask Nøddekær. The "ex stars" are set for new fund launch abroad.

Emerging markets is the investment focus for Polar Capital's upcoming fund launch | Photo: (AP Photo/Vincent Yu)

In March, Nordea Asset Management lost most of its Emerging Stars-team. Back then, sources told AMWatch that the team was set to join a London-based independent asset manager. This has now been confirmed.

The Ex-Nordea team, consisting of Jorry Rask Nøddekær, Michael Wang, Peter Andersen and Jerry Wu, have all moved to the London-based asset manager Polar Capital. Polar Capital has approxametaly EUR 12 billion in assets under management, mostly for U.K-based investors.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

"We continue to see further growth in our Nordic book of business"

DECEMBER SERIES: What were the most important developments at some of the global asset managers present on the Nordic market in 2021, and what are their expectations for the coming year? AMWatch's December series is kicked off by Head of Nordics at State Street Global Advisors, Arnaud Bruyneel. 

The ESG market is controlled by a few big investors

Finland's largest investor holds 62 percent of shares of multi-trillion ETFs offered by iShares and 64 percent of Xtrackers' equivalent offering. Having a few investors dominating ownership in this way is not good for the vehicles' liquidity and could be a big challenge facing the sector.

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch