Top Swedish equity duo exit hands-on role
Henrik Didner and Adam Gerge are handing over management of their flagship Sweden equity fund to colleagues Adam Nyström and Gustaf Setterblad from 1 January, some 20 years after the fund launched.
The decision has been made because the founders of manager Didner & Gerge feel they want to ensure the company’s philosophy and approach to stockpicking is ensured in future.
The founders also state that they want the time to develop an additional fund, which they hope to launch over the coming year. Currently, Didner & Gerge have AUM of some SEK28bn (€3.18bn) split across three funds.
Nyström och Setterblad have been managing Didner & Gerge’s smaller companies fund – Småbolagsfonden – for some five years.
In as managers of the smaller companies fund come Jens Barnevik och Johan Wallin. Barnevik is currently one of the managers of the global fund, while Wallin works as an analyst at Didner & Gerge.
Henrik Andersson will continue as manager of the global fund, and will have a new colleague in the form of Lars Johansson, who joins from Handelsbanken.
Didner and Gerge are known in Sweden as running one of the best portfolios of Sweden equity since they launched in the 1990s.
The performance has handily beaten the broader Swedish market, as illustrated below.
Earlier this year they won the annual Dagens Industri and Morningstar prize for best fund focused on small and medium sized companies.
And in investor publication Privata Affärer‘s awards the manager won the categories for best fund company, best Sweden fund, and best smaller companies fund over the past year.