Didner & Gerge co-fund manager Adam Nyström will leave his position on the Aktiefond for a longer period, citing family reasons, necessitating a shuffling of other co-fund mangers to preserve the commitment to a model requiring two managers per strategy, the Swedish boutique has announced.
Nyström has co-managed the SEK35bn (€3.3bn) Didner & Gerge Aktiefond since the start of 2014 together with Gustaf Setterblad. He will be replaced by Carl Bertilsson, who moves over from the Didner & Gerge US Small and Microcap fund - where he has been a co-fund manager since that strategy launched some three years ago. Previously, Bertilsson was an an analyst at Handelsbanken.
Helena Hillström, CEO, said: "It is a very good solution for Carl Bertilsson and Gustaf Setterblad to become the new management duo on our biggest fund. This way we obtain both continuity and experience, at the same time that Carl can contribute his perspective of investments."
Bertilsson's move means the company has started a search for a new co-manager to join Jesica Eskilsson Frank on the SEK1bn (€95m) US Small and Microcap fund, Hillström added.
The Aktiefond is an actively managed equity fund, primarily investing in large and mid cap Swedish companies.
Didner & Gerge stated that when Nyström returns he will have a different role in the company.