Asset management company United Bankers and Ernst Grönblom, the founder and former portfolio manager of the hedge fund HCP Focus have set up a new fund, which is similar to the award-winning long-only fund he founded and managed at Helsinki Capital Partners before being fired from the firm last spring.

Grönblom tells AMWatch that the investment strategy for the new fund, which is called UB Thales Argo, will be very similar to the fund that he established in 2012 at the Finnish boutique fund manager.