Estlander & Partners announce AUM passes $1bn mark
Finnish commodity trading adviser Estlander & Partners has announced that its assets under management went past $1b at the end of April, with year-on-year growth above 100%.
The AUM figure is seen as a measure of the confidence investors have in the company’s CTA approach, said chief executive Martin Estlander.
In particular, there has been growing interest in CTA managed futures strategies over the past year, he said. The company has been seeking a broader pool of investors through opening an office in Zurich to complement its Munich office. Christoffer Dahlberg has been appointed as the head of Swiss operations. Targets will be institutional investors and high net worth clients in Switzerland, Benelux and Sweden.
Dahlberg joined from Swiss private bank Union Bancaire Privée (UBP) in Zurich where he was head of Nordic Institutions. Previously, he was alternative products sales director at Fidelity International in Zurich.
“We are opening the Zurich office as a complement to our existing Munich office. This helps us provide continental European investors with an even more personalized service,” Estlander said.
CTAs are different from hedge funds in that they tend not to use borrowed money to finance their positions. Instead they trade exchange-regulated derivatives and cash positions. The generally have shorter notice periods than hedge funds and private equity investments, due to the convertibility of the held positions, according to information from Estlander & Partners.