Nordic microcap frontrunner scales down game companies
In 2020, Nordic Micro Cap fund of Finland's Aktia Asset Management pulled the second-best return of the Nordic-domiciled small cap funds investing in Northern Europe at 89.3 percent. Portfolio managers Jan Brännback and Janne Lähdesmäki say the fund became one of the top three investors in a Swedish software tools and services firm in the course of the year.
Since Goldman Sachs Asset Management brought in Thomas Kønig to rethink its Nordic strategy, he's been reinforcing the regional team. Last year, the industry titan opened a new office in the heart of Copenhagen, and Kønig is still scouting for new profiles, he tells AMWatch.
The fund industry in Sweden could be facing further consolidation due to increased regulation and a reduction of the number of funds in the Swedish Premium Pension System (PPM), writes Swedish financial newspaper Dagens Industri.