Key Takeaways
- • Fredrik Tauson, co-founder of Nordic Cross Asset Management (established 2016), is departing the hedge fund boutique after six years following Carnegie Fonder's acquisition of Nordic Cross's fixed-income funds through Altor-owned Carneo.
- • Tauson is joining Swedish asset manager Coeli as a fixed-income portfolio manager, where he will manage Coeli Likviditetsstrategi and Coeli Nordisk Företagsobligationsfond alongside existing portfolio manager Gustav Fransson.
- • Nordic Cross was launched in 2016 by Tauson and former colleagues from Catella Fonder with initial backing of approximately SEK 1 billion ($124 million) from roughly 20 investors.
- • The departure reflects a strategic reshuffling at Nordic Cross following the Carnegie Fonder acquisition, marking a transition for a founding team member who spent seven years at Catella before co-founding the boutique.
Summary
Fredrik Tauson, fixed-income portfolio manager and co-founder of Nordic Cross Asset Management, is departing the Swedish hedge fund boutique after six years to join Coeli, a fellow Swedish asset manager. The move follows Carnegie Fonder's acquisition of Nordic Cross's fixed-income funds, orchestrated through Altor-owned multi-boutique asset management group Carneo.
Nordic Cross was established in 2016 when Tauson and colleagues from Catella Fonder launched the independent fund boutique with initial capitalization of approximately SEK 1 billion ($124 million) supported by roughly 20 institutional investors. The firm's Nordic Cross Stable Return fund was among its flagship offerings at launch. Tauson had served as a fixed-income portfolio manager at Catella for approximately seven years before co-founding Nordic Cross, giving him substantial experience in Nordic credit markets prior to establishing the boutique.
At Coeli, Tauson will assume responsibility for managing two fixed-income strategies: Coeli Likviditetsstrategi and Coeli Nordisk Företagsobligationsfond, working alongside existing portfolio manager Gustav Fransson. According to Tauson, both funds feature "reasonably flexible mandates within their respective risk category to act in various market conditions," positioning them as complementary platforms for his fixed-income expertise. Tauson noted that Coeli's funds carry "a long and solid track record," which he views as a strong foundation for expanding the firm's fixed-income business.
Tauson characterized his departure as a natural progression following the Carnegie takeover. "After six years and in connection with Carnegie's take-over of the fixed income funds, it was natural for me to move on to new challenges," he stated. He added that he had long admired Coeli's strategic trajectory, describing himself as "thrilled and flattered" when approached by Coeli's Chief Investment Officer Erik Lundqvist about the opportunity.
Nordic Cross was established in 2016 when Tauson and colleagues from Catella Fonder launched the independent fund boutique with initial capitalization of approximately SEK 1 billion ($124 million) supported by roughly 20 institutional investors. The firm's Nordic Cross Stable Return fund was among its flagship offerings at launch. Tauson had served as a fixed-income portfolio manager at Catella for approximately seven years before co-founding Nordic Cross, giving him substantial experience in Nordic credit markets prior to establishing the boutique.
At Coeli, Tauson will assume responsibility for managing two fixed-income strategies: Coeli Likviditetsstrategi and Coeli Nordisk Företagsobligationsfond, working alongside existing portfolio manager Gustav Fransson. According to Tauson, both funds feature "reasonably flexible mandates within their respective risk category to act in various market conditions," positioning them as complementary platforms for his fixed-income expertise. Tauson noted that Coeli's funds carry "a long and solid track record," which he views as a strong foundation for expanding the firm's fixed-income business.
Tauson characterized his departure as a natural progression following the Carnegie takeover. "After six years and in connection with Carnegie's take-over of the fixed income funds, it was natural for me to move on to new challenges," he stated. He added that he had long admired Coeli's strategic trajectory, describing himself as "thrilled and flattered" when approached by Coeli's Chief Investment Officer Erik Lundqvist about the opportunity.
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