Stockholm Institutional Investor Roundtable

Paul Ashby

Senior Analyst, Albourne Partners

Paul has been a Senior Analyst at Albourne Partners since 2019.

He has held prior roles at Insight Investment, Cheyne Capital, Marathon-London, and Aviva Investors.

Ulrika Bergman

Chief Investment Officer, Nobel Foundation

Ulrika Bergman M.S, CFA, is since 2017 Chief Investment Officer of the Nobel Foundation with responsibility for overseeing investments in the 5.5bn SEK portfolio, covering all asset classes.

She also serves on the board of Praktikertjänst AB:s Pensionsstiftelse, Sydholmarna Kapitalförvaltning AB and in the investment committee of SSF. She was previously CIO of the Global Equities Team at Skandinaviska Enskilda Banken AB, and before 2008 she held a position as Risk Manager at RPM.

Robert Bergqvist

Senior Economist, SEB

Robert Bergqvist is SEB’s Senior Economist. From 2007 until 2021, he served as the bank’s Chief Economist. Robert joined SEB in 1997.

Before joining the bank, Robert was responsible for the Swedish Central Bank´s Monetary & Exchange Rate Policy Department, where he was Head of the analysis division from 1988 to 1997. There he also agreed to bump interest rates to 500 per cent during the 1992 Swedish Krona defence.

Robert holds an MSc in Economics & Statistics from the University of Linköping, Sweden.

Jan Blomgren

CEO & Founder, INBEx

Jan Blomgren is CEO and founder of INBEx (Institute of Nuclear Business Excellence), providing independent nuclear executive advice and business leadership training globally.

He was the youngest professor ever in Sweden in nuclear physics, holding the chair in applied nuclear physics at Uppsala University. When plans to build new nuclear power in Sweden were initiated, he was recruited to Vattenfall, one of the largest nuclear power operators in Europe. At Vattenfall, he was responsible for planning the competence development needed for nuclear new-build, as well as coordinating training for nuclear power plant personnel. In addition, he was Director of the Swedish Nuclear Technology Centre, which is the coordination organization for nuclear research and education involving universities, industry, and the regulator.

He was involved in the creation of ENEN, the European Nuclear Education Network, in which essentially all European universities in nuclear engineering collaborate. Moreover, he has recently established a large collaboration with France on research and education. Finally, he is the father of several industry sponsored university programs, as well as having started several nuclear business training programs in industry. Jan Blomgren is alone in Europe to have upheld high-ranked positions both at university and nuclear industry.

Patrick Bronger

Portfolio Manager, APG Asset Management

Drs. Patrick Bronger has been an Expert Portfolio Manager for Hedge Funds and Alternative Alpha at APG Asset Management based in Amsterdam since 2017. He also has been a Senior Lecturer in Investment Management at Vrije Universiteit Amsterdam since 2002.

Between 2014 and 2017, Patrick was Chief Investment Officer & Member Executive Board at Conservatrix Group in Baarn. Prior to that, he was Head of Investment Strategy at ASR Nederland in Utrecht in 2010-2014. He also worked as Senior Portfolio Manager responsible for Hedge Funds & Tactical Asset Allocation between 2002 and 2010. In 1999-2002 he was an option trader at the German Derivatives Exchange Eurex. Between 1994 and 1999, Patrick was a researcher and a lecturer at Rotterdam School of Management.

Patrick followed the PhD programme at Rotterdam School of Management. He has a Master’s Degree in Financial Modelling from Vrije Universiteit Amsterdam as well as a Master’s Degree in Philosophy from Erasmus University Rotterdam. He is a non-executive board member of several organizations in the healthcare sector and the cultural sector.

Tom Collier

Executive Vice President, PIMCO

Mr. Collier is an executive vice president and alternatives strategist in the London office.

Prior to joining PIMCO in 2012, he was a director at HSBC, evaluating alternative investment funds and strategies. He previously performed a similar role at a subsidiary of Bank of New York Mellon. He began his career at Barclays.

He has 23 years of investment and financial services experience and holds an undergraduate degree from University College London.

Thomas Deinet

Executive Director, SBAI

Thomas Deinet was appointed Executive Director of the SBAI (previously known as the HFSB) in 2008. In 2007, Thomas joined the working group to project manage the development of practice standards proposed by 14 leading international alternative investment managers that led to the establishment of the SBAI.

Prior to joining the SBAI, he was a senior manager at Oliver Wyman, where he extensively worked with major financial institutions in Europe covering asset management as well as corporate and investment banking. Thomas also worked as an analyst in energy trading for a major commodities trading firm.

Thomas is a graduate of the University of Karlsruhe, Germany, with a major in industrial engineering and holds an MSc from Purdue University, USA. Thomas is a CFA charterholder.

Lisa Dohlvik

Portfolio Manager, Fixed Income, AMF Pension

Mrs Dohlvik is responsible for the investment grade credit investments in the life portfolio, a responsible that is spit with a colleague. Her focus is ESG eligible bonds in bank and real estate in SEK and all investment grade corporate bonds in USD. She is part of a group of six responsible for active portfolio management of FX and fixed income. She has worked at AMF since March 2012, she started as responsible for FX and Money Market. In 2017 she moved on to manage investment grade credit bonds.

Prior to this she worked at the Swedish National Debt Office, as part of the funding unit. The unit engages in institutional funding and debt management: liquidity management, foreign exchange, auctions in nominal and inflation linked bonds as well as in Treasury bills. In addition, it deals with issuance planning, i.e. funding policy and allocation of instruments and maturities in line with the guidance given by the Government. Before she joined the SNDO in 2001 she worked with risk issues at the Swedish central bank, the Riksbank,.

Mrs Dohlvik has a Degree of Master of Science in Financial Economics at University of Gothenburg School of business, economics and law. During her employment at the SNDO, she attended the Stockholm School of Economics diploma program to become a financial analyst, CFA. She graduated in 2011.

Gabriella Eriksson

Senior Advisor, Climate & Sustainable Finance, SEB

Gabriella joined the Climate & Sustainable Finance team in 2016, a unit within SEB with the aim to identify areas where financial mandates can help solve societal challenges – and develop and implement solutions through collaboration with clients.

Gabriella has covered both Sustainability Linked Loans and Bonds since the outset of these markets, as well as been one of SEB’s representatives when co-heading ICMA’s work on establishing the Sustainability Linked Bond Principles. Prior to joining the Climate & Sustainable Finance team, Gabriella worked with Leveraged Finance. She joined SEB in 2003.

Ulf Erlandsson

CEO & Founder, Anthropocene Fixed Income Institute (AFII)

Dr Ulf Erlandsson is the CEO and founder of the Anthropocene Fixed Income Institute (AFII), a research institute and advocacy focusing on fixed income markets and the climate transition. Launched in 2020 and backed by prominent climate philanthropies, AFII’s work is based on the team’s practical experience from fixed income market, and specifically how to apply sophisticated climate impact investing in credit.

Dr Erlandsson was previously running global credit, SSAs and a total return alpha strategy at Swedish state pension fund AP4. Prior to that, he held a position as quantitative strategist at Barclays Capital. His publication record covers a spectrum of credit and climate pieces such as “Credit alpha and CO2 reduction”, “High-frequency CDS index trading”, “Carbon negative leveraged investment strategies”, “An option pricing approach for sustainability-linked bonds” and books such as “Systematic CDS index trading handbook”, “CDS curve trading handbook” and “Empirical analysis of the credit cycle.”

He recently was awarded Environmental Finance’s Bond Personality of the Year 2022 as well as CFA Sweden’s ESG Prize 2021.

Pontus von Essen

Head of Strategy, AP7

Pontus von Essen is responsible for developing the business strategy for The Seventh Swedish National Pension Fund (AP7). He acts as an advisor to the CEO and deputy CEO in both business, strategy and macro analysis. Previously he was Head of Fixed Income, FX and Alpha at AP7, managing a team of four PMs.

Mr von Essen has over fifteen years of asset management and capital markets experience. Previously, he was Deputy CIO at Ericsson Pension Management with assets of 8bn USD. Earlier in his career he held positions within proprietary trading and institutional sales at the Swedish bank, SEB.

Mr von Essen holds a Master of Science in Finance with a major in Investments from the Stockholm School of Economics (SSE).

Stuart Fiertz

SBAI Trustee; Co-Founder, President and Director of Research, Cheyne Capital Management

Stuart Fiertz is the Co-Founder, President and Director of Research of Cheyne Capital. From 1991 to June 2000, and prior to establishing Cheyne Capital, Stuart worked for Morgan Stanley where he was responsible for the development and implementation of customised portfolio strategies and for credit research in the convertible bond management practice.

Prior to joining Morgan Stanley, Stuart was an equity research analyst for the Value Line Investment Survey, and a high yield credit analyst in Boston at Merrill Lynch and in New York at Lehman Brothers. Stuart is a CFA® charterholder and a CAIA designee. He is chairman of the Alternative Credit Council (ACC) and a Founder & Trustee of the Standards Board for Alternative Investments (SBAI). From 2014 until 2020, Stuart was also a council director of the Alternative Investment Management Association (AIMA) board.

Stuart has been awarded the CFA Certificate in ESG Investing. Stuart was educated at the International School of Geneva and at Dartmouth College where he was awarded a BA degree in Political Science and Economics.

Christer Franzen

Chief Investment Officer, Ericsson Pension Fund

Christer Franzén is Chief Investment Officer at Ericsson Pension Fund, his extensive asset management experience stems from having been active in the financial markets in Sweden and in the US since 1986. He started as a FX- and Fixed Income Trader and is from 2008 full time investor with a global mandate.

Mr Franzén is member of the boards of real estate companies Nordika Fastigheter AB and Vacse AB. He is also on the board of AIF-manager Crescit Asset Management AB.

Mr. Franzén holds a Bachelor’s Degree in Economics and Business Administration from the University of Örebro in Sweden from 1985 and has also carried out financial studies at Southern Methodist University – Cox School of Business in Dallas US.

Magdalena Hogberg

Head of Strategic Asset Allocation, AP4

Magdalena Högberg, CFA is the Head of Strategic Asset Allocation and Quantitative Analysis at the Fourth Swedish National Pension Fund (AP4) in Stockholm. She has been working at AP4 since 2013 focusing on global equities, hedge funds and asset allocation across asset classes and liquidity spectra.

Ms Högberg holds a Master of Science in Engineering Physics from The Royal Institute of Technology, Sweden and a Master of Science in Business and Economics from Stockholm University, Sweden.

Chris Jones

Chief Executive, Graham Capital LLP

Chris Jones is Chief Executive of Graham Capital LLP, Graham Capital Management’s (GCM) London-based affiliate, and is responsible for managing the business operations of GCM’s London office. Founded by Kenneth G. Tropin in 1994, GCM is an alternative investment manager with approximately $18.9 billion in AUM as of November 1, 2022 and a diverse roster of global institutional and private client investors. The firm has three main pillars of its business, comprised of quantitative macro, discretionary-oriented, and blended macro trading strategies.

Prior to joining Graham in 2016, Dr. Jones was Managing Director and Head of Investment Advisory at bfinance, an investment consultancy, from March 2012 to February 2016, where he advised a variety of global institutional clients. From January 2005 to February 2012, Dr. Jones was Chief Investment Officer of Key Asset Management, a fund of hedge funds, where he was responsible for the oversight of the investment and risk management of several funds of hedge funds.

Dr. Jones is currently a Fellow of the Judge Business School, University of Cambridge, where he lectures postgraduate courses on Alternative Investment Management. Dr. Jones received a BA in Mathematics from Oxford University in 1992 and a PhD in Mathematical Finance from the University of Cambridge in 2000.

Roger Josefsson

Head of Research, Nordkinn Asset Management

Roger Josefsson is Head of Research at Nordkinn. Prior to Nordkinn, Mr. Josefsson was Head of Sustainability at Danske Bank, where he also served as Chief Economist. Among other experiences, Mr. Josefsson has also been working as Chief Economist at Macrobond Financial, a FinTech company, and as Economist for the Riksbank and the Swedish Ministry of Finance. He has also had his own economic consultancy for a number of years prior to Nordkinn, advising both small and large companies on economic and financial issues.

Mr. Josefsson holds a Master’s Degree in Financial Economics from the School of Business, Economics and Law at the University of Gothenburg.

Elena Manola-Bonthond

Chief Investment Officer, CERN Pension Fund

Elena Manola-Bonthond, PhD, MBA, is Chief Investment Officer of the Pension Fund of CERN, the European Organization for Nuclear Research, based in Geneva, Switzerland. The Fund manages approximately 4 billion Swiss francs in assets, both internally and externally. Elena has played an instrumental role in defining and implementing an investment governance framework optimised for dynamic risk management.

Before joining the CERN Pension Fund, Elena worked in CERN's science sector where she was responsible for the safety and risk management system of CERN's flagship installation, the Large Hadron Collider (LHC). Before that, she worked as a research physicist at CERN. Elena holds a PhD in particle physics from the University of Savoie, France, and CERN, and an MBA in international management from the University of Geneva, Switzerland. Furthermore, she is a CAIA charterholder.

Ryan McNelley

Managing Director, Kroll Advisory Limited

Ryan McNelley is a Managing Director in the London office of Kroll, and part of the Portfolio Valuation service line. Ryan’s clients primarily include alternative investment fund managers, including private equity and private debt fund managers, hedge fund managers, infrastructure fund managers, real estate debt fund managers, etc., in both Europe and in the U.S.

Ryan specializes in the valuation of illiquid investments, typically under the IFRS 13, ASC§820 or other local GAAP Fair Value standards used by alternative investment managers.

Ryan is a regular speaker at conferences across Europe and is part of several industry working groups and trade organisations. Ryan was a contributing author to the Alternative Investment Management Association’s (AIMA) Guide to Sound Practices for Hedge Fund Valuation and is a member of Invest Europe’s Working Group on Accounting Standards, Valuation and Reporting. In addition, Ryan has been regularly quoted in the financial press, including in publications such as the Wall Street Journal, the Financial Times, Private Equity News, Private Debt Investor, and others. In addition, Ryan has written numerous comment pieces and white papers on a variety of valuation related topics.

Ann-Sofie Vallee Odenberg

Head of Sustainability, Brummer & Partners

Ann-Sofie Odenberg is Head of Sustainability at Brummer & Partners and advises all Investment Managers in the Brummer & Partners group on sustainability related matters such as responsible investment policy development, ESG integration practises, sustainable finance regulation, active ownership activities, and reporting and communication. Ann-Sofie is also a member of Brummer & Partners’ Responsible Investment Committee which sets the strategic direction and priorities for the group’s sustainability activities. Ann-Sofie joined Brummer & Partners in 2008 as Executive Advisor and has held various positions in the group, for example as Head of Investor Communication and Sustainability, before starting to focus full time on sustainability and responsible investment in 2016.

Prior to joining Brummer & Partners Ann-Sofie was a regulatory consultant at Kinetic Partners in London focusing on governance related projects in the finance industry, particularly for hedge funds. Previously she was an analyst for a private equity fund focusing on financial institutions in Eastern Europe.

Ann-Sofie holds a Master of Science in Business and Economics from Stockholm School of Economics and her master thesis focused on corporate social responsibility.

Carl-Fredrik Pollack

Senior Portfolio Manager, AP7

Carl Fredrik Pollack is a Senior Portfolio Manager and Head of Sustainable Investment at AP7 (The Seventh Swedish National Pension Fund) in Stockholm, Sweden. Working across assets, he plays a central role in developing and accelerating AP7’s sustainable investment strategy – among which includes e.g. the fund’s climate transition efforts. Before joining AP7 in 2017, Carl Fredrik worked with Solutions Sales vs Nordic institutions for both UBS Investment Bank and BNP Paribas.

He holds a BA in Economics from University College London.

Mario Therrien

SBAI Trustee; Head of Investment Funds and External Management, CDPQ

Mario Therrien leads CDPQ’s investment funds activities. The teams he oversees invest in private investment funds and credit in private markets, as well as in venture capital in Québec and internationally. They are also responsible for external management in equity markets, as well as developing and managing strategic and institutional relationships. His mandate consists of adding value by building portfolios with the best external managers, while improving in-house management through the sharing of knowledge and expertise. He sits on the Investment-Risk Committee.

Prior to this role, Mr. Therrien was Senior Vice-President and Head of Strategic Partnerships, Developed Markets. He joined CDPQ in 1993 as an Analyst before taking on the role of Portfolio Manager in the group responsible for absolute return activities. Subsequently, he was mandated to develop external management activities in liquid-asset classes.

He holds a Bachelor’s degree in Economics and a Master’s degree in Finance from Université de Sherbrooke. He has also completed the Canadian Securities Course given by the Canadian Securities Institute, and is a CFA charter holder.

Magnus Ward

Head of Capital Introduction , SEB

Magnus is of Head of Capital Introduction at SEB.

Before returning to Stockholm in 2017, Magnus lead the bank´s Equities and Hedge Fund business in Asia. Prior to relocating to Hong Kong in 2011, Magnus was responsible for SEB´s Prime Brokerage activities in London and he established and ran SEB´s business with Hedge Funds in Germany.

Magnus has a Msc in Business and Economics from Uppsala University and a MBA from Warwick Business School.