Adrigo Asset Management
Adrigo Asset Management is a Stockholm-based Swedish hedge fund manager operating the Adrigo Small & Midcap L/S fund, which runs an actively managed long-short equity strategy focused on Nordic small and mid-cap listed companies for retail and institutional investors in the Nordics.
- Company typePrivate
- Founded2017
- HeadquartersStockholm, Sweden
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Adrigo Asset Management does
Adrigo Asset Management is a Stockholm-based Swedish hedge fund management company that operates the single-strategy fund Adrigo Small & Midcap L/S, an actively managed long-short equity fund focused on Nordic small and mid-cap listed companies with market capitalization in the SEK 1-15 billion range. Founded in 2006 with the fund launched in November 2017, the firm has been a subsidiary of East Capital Group since November 2019. The investment approach relies on fundamental analysis of under-analysed Nordic companies, combining long and short positions to pursue absolute returns at lower risk than the broader equity market. The fund is offered in two share classes: Class A (inception November 1, 2017) and Class C (inception May 2, 2022).
The fund is available to investors in Sweden, Norway, Finland, and Luxembourg, distributed both directly through the East Capital Group investment platform (with ISK and depot accounts) and through third-party Nordic platforms including Avanza, Nordnet, Savr, Handelsbanken, Hjerta Invest, Fondmarknaden, Max Matthiessen, and Alpcot. The minimum investment is SEK 1,000 with no subscription or redemption fees. Regulatory authorization is held under Sweden's Act 2013:561 (LAIF) supervised by Finansinspektionen, with management company East Capital Asset Management S.A. (ECAM) authorized in Luxembourg and supervised by CSSF. SEB serves as custodian bank.
The revenue model consists of fixed annual management fees of approximately 1.18% on AUM (Class A at 1.177%, Class C at 1.18%) plus a 20% performance fee on total return exceeding the STIBOR 30 days rate, subject to a high water mark principle. The team of 1-10 employees is led by Portfolio Manager Staffan Östlin with Håkan Filipson as Chairman, holding over 40 years of combined Nordic equity experience. The fund's ESG approach follows the East Capital Group framework, with Adrigo being a UN PRI signatory and SFDR Article 6 classified.
Adrigo Asset Management firmographics
Firmographics- Name
- Adrigo Asset Management
- Legal name
- Adrigo Small & Midcap L/S
- Website
- https://adrigo.se
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Adrigo Asset Management is a Stockholm-based Swedish hedge fund manager operating the Adrigo Small & Midcap L/S fund, which runs an actively managed long-short equity strategy focused on Nordic small and mid-cap listed companies for retail and institutional investors in the Nordics.
- Ownership category
- akta.pro rank
Adrigo Asset Management industry classification
Industry- Product category
- Hedge Fund Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Small-/Mid-Cap Equity Long/Short (FSAHAAAG)
- akta.pro secondary industries
- Fundamental/Discretionary Equity Long/Short (FSAHAAAA), Small-Cap Equity (Active) (FSAAAIAC), Mid-Cap Equity (Active) (FSAAAIAB)
Keywords
Where Adrigo Asset Management is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices2 records
Markets served
Adrigo Asset Management business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Management Fees: Fixed annual management fees charged on fund assets under management. Class A charges 1.177% yearly, Class C charges 1.18% yearly.
- Performance Fees: 20% of total return exceeding STIBOR 30 days rate after deduction of fixed fee, subject to high water mark principle.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Class A shares - standard share class with 1.177% yearly management fee |
| Subscription | Annual | Class C shares - alternative share class with 1.18% yearly management fee |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Adrigo Asset Management product offering
Product offeringCore offering
Adrigo Small & Midcap L/S is an actively managed long-short equity hedge fund investing in Nordic small and mid-cap listed companies with market capitalizations between SEK 1–15 billion. The fund combines long and short positions through fundamental analysis to generate absolute returns at lower risk than the broader equity market, charging an annual management fee and a 20% performance fee above the STIBOR 1M benchmark subject to a high watermark. The fund is offered in two SEK-denominated share classes (Class A and Class C) and is available to investors in Sweden, Norway, Finland, and Luxembourg.
Product overview
Adrigo Small & Midcap L/S is a single hedge fund product offered in two share classes (Class A and Class C). The fund employs an actively managed long-short equity strategy focused exclusively on Nordic small and mid-cap companies, using fundamental analysis to identify undervalued opportunities. The fund applies a High Watermark principle for performance fee calculation and offers monthly subscription/redemption windows.
Differentiator
Problem solved
Functional benefit
Products and services
- Adrigo Small & Midcap L/S An actively managed equity hedge fund that invests in Nordic small and mid-cap listed companies, combining long and short positions to create a balanced portfolio aimed at absolute returns. Offered to investors in Sweden, Norway, Finland, and Luxembourg with a minimum initial investment of SEK 1,000, monthly subscription/redemption windows, and Class A (1.177% annual fee) and Class C (1.18% annual fee) share classes subject to a 20% performance fee above STIBOR 1M after high watermark.
Quantifiable outcome
- 14.7% return since inception (Class A, March 2026)
- +2 more outcomes
Companies that use Adrigo Asset Management
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles1 record
Adrigo Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Adrigo Asset Management partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- East Capital Asset Management S.A. (ECAM)coreManagement company for Adrigo Small & Midcap L/S. ECAM is authorized in Luxembourg and supervised by CSSF (Commission de Surveillance du Secteur Financier). ECAM delegates capital management to East Capital Financial Services AB.
- PRI (Principles for Responsible Investment)coreAdrigo is a signatory to the UN's Principles for Responsible Investment, implementing six principles relating to active ownership, ESG integration, and disclosure.
- East Capital GroupcoreAdrigo is part of East Capital Group, a global asset manager based in Sweden since 1997. Group includes East Capital, Espiria, East Capital Real Estate. Provides ESG framework, distribution, and brand affiliation.
- ACGA, CDP, Climate Action 100+, IIGCC, SISD, SWESIF, TCFDminorAdrigo is part of East Capital Group and an active member of various industry initiatives and organizations for sustainable investment practices.
- SEB (Scandinavian Enskilda Banken AB)coreCustodian bank for Adrigo's assets. In case of fund company insolvency, SEB would take over both assets and management.
- Hjerta InvestminorInsurance company platform distributing Adrigo Small & Midcap L/S.
- AvanzaminorSwedish online investment platform offering Adrigo fund to customers.
- NordnetminorNordic investment platform offering Adrigo fund to customers.
- FondmarknadenminorSwedish fund platform distributing Adrigo Small & Midcap L/S.
- HandelsbankenminorSwedish bank offering Adrigo fund through its platform.
- Max MatthiessenminorSwedish financial advisor platform distributing Adrigo fund.
- AlpcotminorSwedish fund platform distributing Adrigo Small & Midcap L/S.
Scale indicators7 records
Recent moves7 records
Expansion highlights5 records
Adrigo Asset Management competitors and assessment
Company assessmentDirect peers
- Brummer & Partners: Swedish hedge fund group operating multiple long/short equity strategies (e.g., Brummer Multi-Strategy, Selinova) with comparable management and performance fee structures; competes with Adrigo for the same Nordic institutional and family office capital.
- Carnegie Fonder: Swedish active asset manager with flagship Nordic small-cap and small/mid-cap funds, leveraging Carnegie's investment banking research; competes head-to-head with Adrigo for Nordic small/mid-cap allocations on the same distribution platforms.
- ODIN Fund Management: Norwegian active equity manager (now part of DNB) with multiple Nordic equity funds, including small/mid-cap strategies; directly comparable business model and Nordics-only mandate focus.
- Lannebo Fonder: Swedish active equity specialist running several Nordic small/mid-cap equity funds (Lannebo Småbolag, Lannebo Sverige) distributed on the same Avanza/Nordnet/Savr platforms; closest long-only comparator in the same target segment.
- Rhenman & Partners Asset Management: Stockholm-based manager of the Rhenman Healthcare Equity L/S and Rhenman Global Opportunity L/S funds; operates a fundamentally driven long/short equity strategy similar in size and distribution style to Adrigo, with a strong Nordic investor base.
- Kite Lake Capital Management: London-based manager of Kite Lake Capital Partners, a Nordic mid/small-cap long/short fund; uses a fundamental, engagement-driven approach targeting under-researched Nordic companies, making it a strong international comparator.
Broad incumbents
- Handelsbanken Fonder: Sweden's largest domestic fund manager with broad Nordic and global equity products including small-cap options; a major competitor on the Handelsbanken distribution shelf and a much larger incumbent in the same investor pool.
- Alfred Berg Kapitalforvaltning: BNP Paribas-owned Nordic asset manager with active Nordic equity strategies including small/mid-cap; broader product range but directly overlapping with Adrigo on distribution platforms and target client base.
- SEB Investment Management: SEB is Adrigo's custodian bank and also one of the largest Nordic asset managers with multiple active equity funds; competes for the same institutional and retail capital and represents a strategic counterparty on both custody and distribution.
Others
- Espiria (East Capital Group sister company): Sister company within East Capital Group managing global and Nordic active equity strategies; shares ESG, distribution, and regulatory infrastructure with Adrigo and is a natural internal comparable for AUM growth and product economics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Adrigo Asset Management compliance and trust
Trust signalCompliance4 records
Adrigo Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Adrigo Asset Management leadership team
Management profileNumber of profiles
Profiles2 records
Adrigo Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Adrigo Asset Management M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Adrigo Asset Management
What does Adrigo Asset Management do?
Adrigo Small & Midcap L/S is an actively managed long-short equity hedge fund investing in Nordic small and mid-cap listed companies with market capitalizations between SEK 1–15 billion. The fund combines long and short positions through fundamental analysis to generate absolute returns at lower risk than the broader equity market, charging an annual management fee and a 20% performance fee above the STIBOR 1M benchmark subject to a high watermark. The fund is offered in two SEK-denominated share classes (Class A and Class C) and is available to investors in Sweden, Norway, Finland, and Luxembourg.
Is Adrigo Asset Management a public or private company?
Adrigo Asset Management is a private company. It is classified as corporate owned and is currently operating.
When was Adrigo Asset Management founded?
Adrigo Asset Management was founded in 2017. It employs 1 to 10 people.
Where is Adrigo Asset Management based?
Adrigo Asset Management is headquartered in Stockholm, Sweden, in the Europe region.
How does Adrigo Asset Management make money?
Two revenue lines are on record. Management Fees are the primary driver. The others are performance Fees.
Who are Adrigo Asset Management's main competitors?
Direct peers on record are Brummer & Partners, Carnegie Fonder, ODIN Fund Management, Lannebo Fonder, Rhenman & Partners Asset Management and Kite Lake Capital Management. Broad incumbents are Handelsbanken Fonder, Alfred Berg Kapitalforvaltning and SEB Investment Management. Espiria (East Capital Group sister company) is listed as an others.
Does Adrigo Asset Management have an API?
No public API is recorded for Adrigo Asset Management.
What industry is Adrigo Asset Management in?
Adrigo Asset Management's product category is Hedge Fund Management. Its primary akta.pro industry code is FSAHAAAG, Small-/Mid-Cap Equity Long/Short, with a secondary code of FSAHAAAA, Fundamental/Discretionary Equity Long/Short. Its NAICS code is 523940 and its SIC code is 6282.