Lannebo Fonder, the Swedish boutique, has appointed two managers from SEB Investment Management in Denmark, and will launch a new strategy, the Lannebo European Small Cap fund.
Carsten Dehn and Ulrik Ellesgaard have managed SEB’s European small cap funds and institutional mandates since 2006, and acquired five-star Morningstar ratings over 3, 5, and 10-year periods, Lannebo said.
Alongside the appointments, the Swedish manager will also open a branch office in Copenhagen, where Dehn and Ellesgaard will work.
Göran Espelund, chairman of Lannebo Fonder (pictured), said: “The recruitments are a natural development of Lannebo Fonder’s product offering. During the last 15 years we have established ourselves as a successful small cap manager of Nordic, and especially Swedish, equities. It feels really exciting to now expand our offering with a European product that also creates new opportunities for us to reach a more international clientele.”
“With the recruitment of Carsten and Ulrik we have succeeded in appointing two managers who have extensive experience and whose management results belong to the highest among the elite managers of European small caps. They are also two managers who have an investment philosophy that fully harmonizes with Lannebo Fonder’s based on true active management. These new appointments create synergies in our fund management that results in a sound basis for us to continue to succeed in creating good returns for customers.”
Commenting further on the new fund launch, a spokesperson for the manager said that the distribution of the new fund outside Sweden would be focused on institutional investors of all kinds.
Within Sweden, distribution would also take place through commonly used platforms, which give retail market exposure – where the Lannebo brand is well known – in addition to work targeting institutional investors.