Key Takeaways
- • Archipelago Investments appoints Anders Fagerlund as Senior Analyst and Head of Research, bringing 15 years of buy-side experience from AMF Fonder and over a decade of sell-side credentials from UBS Investment Bank as an Executive Director and top-ranked European capital goods analyst.
- • Chelonia Select delivered 16.7% returns in 2025 following a 21.6% gain in 2024, its strongest year on record, after transitioning from a market-neutral to long-biased strategy in 2024.
- • Fagerlund reunites with Anders Palmqvist, Managing Partner and CIO at Archipelago, with whom he collaborated for over 10 years at UBS, strengthening continuity and team cohesion within the flagship long/short equity strategy.
- • The hire reflects confidence in sustained momentum, as Archipelago capitalizes on back-to-back strong performance years by bolstering its research and analytical capabilities to support the concentrated, high-conviction investment approach of Chelonia Select.
Summary
Archipelago Investments has appointed Anders Fagerlund as Senior Analyst and Head of Research, signaling the firm's intention to deepen its investment bench following consecutive years of robust fund performance. Fagerlund joins the investment team overseeing Chelonia Select, the firm's flagship long/short equity strategy, alongside existing portfolio managers Anders Palmqvist and Magnus Angenfelt.
Fagerlund brings substantial institutional experience spanning both buy-side and sell-side markets. He spent the past 15 years at AMF Fonder, a major Swedish asset manager, applying a value-driven investment philosophy aligned with Chelonia Select's fundamental approach. Prior to his tenure on the buy side, Fagerlund spent over a decade at UBS Investment Bank, where he held the rank of Executive Director and earned recognition as a top-ranked analyst covering European capital goods—a sector expertise that reinforces Archipelago's research capabilities.
The appointment represents a professional reunion. Palmqvist and Fagerlund collaborated for over 10 years at UBS, a relationship Palmqvist highlighted as foundational to the hire. "Having worked closely with him for over 10 years at UBS, I have seen firsthand his exceptional analytical depth and integrity," Palmqvist said. "He is a stock-picker in the truest sense. His ability to ignore market noise and focus on fundamental value creation is perfectly aligned with the concentrated, high-conviction strategy we run in our fund, Chelonia Select."
The timing of Fagerlund's arrival underscores Archipelago's confidence in its strategic direction. Chelonia Select posted a 16.7% return in 2025 and achieved its strongest year on record in 2024 with a 21.6% gain, both periods following the fund's 2024 transition from a market-neutral to a more aggressively long-biased posture. The successive strong years have provided capital inflows and performance credibility, enabling Archipelago to attract senior talent to enhance its research and stock-selection capabilities.
Fagerlund brings substantial institutional experience spanning both buy-side and sell-side markets. He spent the past 15 years at AMF Fonder, a major Swedish asset manager, applying a value-driven investment philosophy aligned with Chelonia Select's fundamental approach. Prior to his tenure on the buy side, Fagerlund spent over a decade at UBS Investment Bank, where he held the rank of Executive Director and earned recognition as a top-ranked analyst covering European capital goods—a sector expertise that reinforces Archipelago's research capabilities.
The appointment represents a professional reunion. Palmqvist and Fagerlund collaborated for over 10 years at UBS, a relationship Palmqvist highlighted as foundational to the hire. "Having worked closely with him for over 10 years at UBS, I have seen firsthand his exceptional analytical depth and integrity," Palmqvist said. "He is a stock-picker in the truest sense. His ability to ignore market noise and focus on fundamental value creation is perfectly aligned with the concentrated, high-conviction strategy we run in our fund, Chelonia Select."
The timing of Fagerlund's arrival underscores Archipelago's confidence in its strategic direction. Chelonia Select posted a 16.7% return in 2025 and achieved its strongest year on record in 2024 with a 21.6% gain, both periods following the fund's 2024 transition from a market-neutral to a more aggressively long-biased posture. The successive strong years have provided capital inflows and performance credibility, enabling Archipelago to attract senior talent to enhance its research and stock-selection capabilities.
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