Monyx, Solidar launch new fund company in Sweden

Monyx Financial Group och Solidar have agreed to jointly establish a new fund company called AlphaCore Fonder, which will focus on alpha management and development of new asset management products.

The companies cite strong demand for pure alpha products in the market, particularly among institutions and foundations, which will constitute the initial core client group.

AlphaCore will be an independent standalone asset manager, with Mikael Kadri from Monyx as chief executive. Kadri has been CIO and deputy chief executive at Monyx, but has also previous experience at Carnegie Asset Management, Brummer & Partners and Skandia.

Fund managers Daniel Dinef and Martin Edemalm will also move to AlphaCore to support the launch of the new company. Dinef came to Monyx in early 2015 from his previous role as senior portfolio manager at Ålandsbanken. He has also worked at Swedbank Robur. Edemalm has been working as an assistant portfolio manager at Monyx since 2015.

AlphaCore will be jointly owned by NewCap Holdings – the Danish financial company listed on Nasdaq OMX in Copenhagen, and owner of Monyx – Solidar, and some of the new staff at AlphaCore. As an asset manager, Monyx has some SEK30bn (€3.2bn) under management, via management of funds, pensions and unit-linked investments.

Solidar manages some SEK25bn (€2.7bn) on behalf of some 100,000 customers.


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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