Top Hedge Fund News, Member Posts, Hedge Fund Daily Indices and more!

2yrs ago Hedge Fund hedgenordic Views: 829

Stockholm (HedgeNordic) – Finnish asset manager Afalon Investment Management, which runs systematic managed futures fund NS Quant, has hired Benjamin Strabo as its Chief Operating Officer (COO). Strabo joins Afalon from Finnish advisory firm Verona International, where he served as COO for one and a half years.

“Welcome to the Afalon Team, Benjamin Strabo! Ben will lead our multi-family service offering.”

-

“Welcome to the Afalon Team, Benjamin Strabo! Ben will lead our multi-family service offering,” Markku Malkamäki, Afalon’s chairman and CIO, writes on LinkedIn. Before joining Verona International in Helsinki at the beginning of 2020, Strabo was the COO of Harmony Advisors, a leading multi-family office servicing ultra-high-net-worth families in Hong Kong, for a little more than three years. From mid-2002 to mid-2009, he served as an executive director in the securities division at Goldman Sachs in London, and then was responsible for hedge fund and institutional cross‐asset sales as a Vice President at Goldman Sachs in Hong Kong for an additional seven years.

In connection with last year’s agreement by Finnish investment services group Privanet Group to acquire Northern Star Partners, the former fund management company of NS Quant, Markku Malkamäki’s Afalon Investment Management acquired the NS Quant business and the fund. NS Quant returned 9.5 percent in its first year of operations in 2020 and is down 5.1 percent in the first eight months of this year. Afalon Investment Management is also in the process of launching another hedge fund, the Incomea Steady Opportunities ESG Sustainable Long Short Fund, managed by Afalon’s CIO Jaakko Soini.

 

Photo by Hunters Race on Unsplash

Afalon Scales Up Amid COO Hire on HedgeNordic.


Today's Hedge Fund Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.