Adrigo Small & Midcap L/S is an actively managed hedge fund that invests in small and mid-cap companies in the Nordic market with the ambition of generating solid absolute returns of 8% to 16% at a risk level below that of the Nordic small and mid-cap stock market. The fund launched in November 2017.
The Adrigo team is based locally, in Stockholm, and combined has more than 40 years of experience in Nordic stock markets.
Adrigo is part of East Capital Group, a global asset manager based in Sweden since 1997 offering investment solutions within equities, fixed income securities and real estate.
Within East Capital Group you will find East Capital - specialising in emerging and frontier market strategies, East Capital Real Estate - managing commercial real estate investment in Central and Eastern Europe and Espiria - offering bespoke global and Nordic Equities and fixed income strategies.
The essence of our business is not only to find attractive investment opportunities, but also to actively work to drive positive change, influencing industries around the world to become more sustainable. We are responsible long-term owners who are committed both in terms of our stewardship and our capital.
We focus on finding the hidden gems among small and medium-sized listed companies in the Nordic market. Every year we meet over 200 exciting companies and have a close dialogue with key people and stakeholders. The Nordic stock markets are well-developed and give us the conditions to protect the portfolio even in a volatile market.
We invest long-term and in companies we understand and can evaluate. Through deep analysis of economic and financial factors and meetings with company management, we create an idea of whether the share is under- or overvalued and the companies' potential future development in the market. We have used our methodology for fundamental analysis successfully for many years and Adrigo Small & Midcap L/S has also received several awards.
Adrigo aims to generate 8-16% annually, which means that over time we will create a positive return regardless of market conditions. The fund has a unique mix of long holdings combined with a carefully selected portfolio of short-term positions. This means that you, as an investor, get a stable fund when it comes to the relationship between risk and return.
Portfolio Manager and CIO
Staffan started Adrigo Small & Midcap L/S in November 2017. He has a broad investment and market expertise from leading Nordic institutions.
Johan joined Adrigo in February 2018. He has an MSc in Business and Management and prior to Adrigo worked at Swedia Capital, Deloitte and Handelsbanken.
Chief Sustainability Officer, East Capital Group
Karine is Chief Sustainability Officer for East Capital Group, where she is also a partner and one of the co-founders of East Capital. She is a frequent commentator on sustainable investing in international conferences and media. She holds a MSc in Management from EM Lyon and a Post Graduate Degree from Sciences Po Paris. She speaks French, English, Swedish, Russian, Mandarin and Spanish.
Analyst, Sustainability research and ESG, East Capital Group
Paul works with sustainability research and ESG analysis for East Capital Group. He joined the company in 2017. Paul holds a Master's degree in Finance from Uppsala University and a Master's degree in Accounting from Mälardalen University.
At Adrigo we have over 40 years of experience in the financial market, and we focus on what we do best - small and medium-sized companies in the Nordic market. We are active stock-pickers who invest in companies and industries we know well, in a market that is our own. As a smaller player, we are agile and can act quickly and thoughtfully on the decisions that will create value for the portfolio.
With knowledge and passion for profitable investments, we find the hidden gems among small companies that have the potential to grow both in the Nordics and in other markets. Through company meetings, fundamental analysis and with our firm commitment to sustainability, we create an idea of the share's value and what might change it in the future.
When you invest capital, you want to see your investment grow over the long-term. Adrigo's goal is to generate returns for our fund unit owners over-time, regardless of whether the market rises or falls. After five years, we can proudly say that our ambition to generate 8-16% return per year has, indeed, fallen well within this range.
East Capital Group
Adrigo is a part of East Capital Group, a global asset manager based in Sweden since 1997. Within East Capital Group you will find East Capital, Espiria, Adrigo and East Capital Real Estate. We offer a range of investment solutions within equities, fixed income securities, real estate, and alternatives. The essence of our business is not only to find attractive investment opportunities, but also to actively work to drive change, influencing industries around the world to become more sustainable.