About us

Adrigo is a Latin word meaning “to grow”. Naturally this is the broad objective for our fund Adrigo Small & Midcap L/S. We are targeting a good absolute return at a lower risk than in the Nordic equity markets. Read more about our investment philosophy>>

Adrigo Small & Midcap L/S  is an actively managed equity hedge fund, targeting absolute returns with a low and controlled risk-return profile. Adrigo Small & Mid Cap L/S was most recently awarded “Best Emerging Manager Fund – Equity Strategies” of the year in Europe by Hedgeweek 2021.

The fund is an alternative investment fund (chapter 12 in the Swedish Act 2013:561), authorized in Sweden and regulated by the Swedish Financial Supervisory Authority. Adrigo follows the guidelines by the Swedish Investment Fund Association for good practice in the fund industry.

Adrigo is a part of East Capital Group – a global asset management group that comprises several strategies and specialisations to offer active management solutions in equities, bonds and real estate assets. The main operations include East Capital  − specialising in emerging and frontier market equity investments and Espiria – offering bespoke global and Nordic equities and fixed income strategies.


Portfolio Manager: Adrigo Kapitalförvaltning, a division of East Capital Financial Services AB. More information (in Swedish)>>

Management Company: East Capital Asset Management S.A., authorized in  Luxembourg, under the supervision of the “Commission de surveillance du secteur financier” (CSSF). More information>>



Portfolio management


Staffan Östlin
(Portfolio Manager and CIO) has a broad and successful background as an analyst and stockbroker with, among others, Carnegie, SEB Enskilda and Handelsbanken. During the years 2006 until 2013 Staffan ran his own business with investments and corporate finance. Staffan’s most recent position prior to joining Adrigo was from a role as Fund Manager at the hedge fund Quest 1, focusing on Nordic Small & Midcap companies. Staffan worked with Quest1 from the start of the fund in 2013 until 2017.
Johan Eriksson
(Portfolio Manager) is a graduate economist from Uppsala University. Johan has previously worked as portfolio manager at Swedia Capital and has also worked as a consultant at Deloitte as well as analyst at Handelsbanken.





Karine Hirn
(Chief Sustainability Officer) is a partner, co-founder, and Chief Sustainability Officer for East Capital Group. Prior to East Capital, she worked in Russia, in the banking industry and as a financial consultant in Nizhny-Novgorod and Moscow. She holds a MSc in Management from EM Lyon, a Post Graduate Degree in Eastern European Studies from Sciences Po Paris and studied in Moscow Academy of Finance and Hanken School of Economics in Helsinki. She speaks French, English, Russian and Swedish.
Paul Nissan
(Analyst) is working with sustainability research and ESG analysis. Paul joined East Capital Group in 2017 was promoted to his current role in 2019. He holds a master’s degree in finance from Uppsala University and a master’s degree in accounting from Mälardalen University.

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