Key Takeaways
- • Andreas Steno Larsen, former Nordea strategist and founder of macro research firm Steno Research, is launching a hedge fund in partnership with Danish hedge fund manager Asgard Asset Management.
- • Larsen will serve as Chief Investment Officer of the new fund, describing the launch as "the culmination of everything I've strived for."
- • The partnership combines Larsen's macro research and investment strategy expertise with Asgard Asset Management's fund management infrastructure and operational capabilities.
- • The announcement was made via press release on October 16, 2024, marking a significant move for both the former Nordea strategist and the Danish hedge fund manager.
Summary
Andreas Steno Larsen, a prominent macro strategist previously employed at Nordea and founder of independent macro research firm Steno Research, has announced the launch of a hedge fund developed jointly with Asgard Asset Management, a Danish hedge fund manager. The partnership was disclosed through a formal press release on October 16, 2024.
Larsen will assume the role of Chief Investment Officer for the new fund, positioning him at the center of investment decision-making and strategy. In remarks accompanying the announcement, Larsen characterized the hedge fund launch as "the culmination of everything I've strived for," suggesting this represents a significant career milestone and the realization of long-term professional objectives.
The collaboration leverages complementary capabilities: Larsen brings established expertise in macro research and investment analysis developed through his tenure at Nordea and his subsequent independent research firm, while Asgard Asset Management contributes operational infrastructure, fund management systems, and the regulatory framework necessary to operate a professional hedge fund. This structure allows Larsen to focus on investment strategy and portfolio management while benefiting from Asgard's established capabilities in fund administration and operations.
The entry of Larsen into hedge fund management represents a consolidation trend in which established research and strategy professionals transition from traditional financial institutions to launch specialized investment vehicles. Steno Research's reputation in macro analysis positions the fund to attract institutional capital interested in macro-focused strategies.
Larsen will assume the role of Chief Investment Officer for the new fund, positioning him at the center of investment decision-making and strategy. In remarks accompanying the announcement, Larsen characterized the hedge fund launch as "the culmination of everything I've strived for," suggesting this represents a significant career milestone and the realization of long-term professional objectives.
The collaboration leverages complementary capabilities: Larsen brings established expertise in macro research and investment analysis developed through his tenure at Nordea and his subsequent independent research firm, while Asgard Asset Management contributes operational infrastructure, fund management systems, and the regulatory framework necessary to operate a professional hedge fund. This structure allows Larsen to focus on investment strategy and portfolio management while benefiting from Asgard's established capabilities in fund administration and operations.
The entry of Larsen into hedge fund management represents a consolidation trend in which established research and strategy professionals transition from traditional financial institutions to launch specialized investment vehicles. Steno Research's reputation in macro analysis positions the fund to attract institutional capital interested in macro-focused strategies.
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