OQAM is an independent asset manager serving professional investors who value active management and direct access to their portfolio managers. We focus on a small number of specialist markets where market structure creates opportunities that others overlook. Today, our focus is Nordic corporate bonds. The company is owned by its team alongside a number of family offices and investment companies, the same types of investors whose capital we manage.
We develop our funds in consultation with the investors they are designed to serve. Each fund should address a clearly defined need and offer something investors cannot replicate themselves or find elsewhere.
Our team brings together experience in trading and market making in Nordic corporate bonds, asset management across multiple asset classes and the development of financial systems. This expertise directly informs our investment decisions, from research and portfolio construction to trade execution and risk monitoring.
CEO and portfolio manager
Andreas founded OQAM to meet the needs of professional investors seeking solutions unavailable from established providers. He leads the company as CEO and is involved in managing Mercurius Credit Fund. He has led asset management firms since 2003. As CEO of Stella Asset Management, he built the business from the ground up and managed Stella Nova, which was named Hedge Fund of the Year by Privata Affärer and Fondmarknaden.se in 2007. That year, its managers also received the Star Hedge Fund Managers of the Year award from Dagens Industri and Morningstar. He began his career as a market maker and derivatives trader.
Lead portfolio manager, Mercurius Credit Fund
Christian has managed Mercurius Credit Fund since August 2023. Previously, he was chief dealer for Nordic corporate bonds at Nordea Markets, responsible for the bank’s SEK and EUR investment grade trading book, including covered bonds, through several challenging market periods. As a market maker, he focused on credits rated BB+ to AA, broadly the same segment in which the fund invests. Before joining Nordea’s credit desk, he worked on the digitalisation of its foreign exchange products and automated client execution. This experience benefits the fund, which invests across currencies and hedges its currency exposure back to SEK.
CIO and deputy CEO
Thorbjörn left Nordea to co-found OQAM with Andreas. At Nordea, he managed fixed income and risk mandates for the bank’s own account, overseeing portfolios totalling more than SEK 200 billion. He specialises in quantitative portfolio management and risk management.
CTO
Martin joined OQAM from SimCorp and has extensive experience developing software for the asset management industry, with a focus on risk, exposure and performance calculations. At OQAM, he is responsible for the technology infrastructure and proprietary systems that support the entire business, particularly portfolio management.
Our measure of success is our investors’ returns, rather than the amount of capital we manage. That is why we close a fund to subscriptions when it reaches capacity. We develop the structure, mandate and fees in consultation with investors, with their long-term returns as the priority rather than our own convenience.
The company is owned by its team and a number of family offices and investment companies, rather than a bank or another financial institution. We build direct relationships with investors, without intermediaries. We offer only strategies we manage ourselves, and if another option would better serve an investor, we say so.
We take risk only where we understand the downside and believe our investors are adequately compensated. Otherwise, we do not invest. Avoiding losses takes priority over chasing gains. How we perform through difficult periods says more about us than our returns in favourable markets.
Investors should understand how we manage their capital and what has driven their returns. When we get something wrong, we explain it in writing. The investor portal provides full portfolio disclosure and a complete history since inception. All investors receive the same information at the same time.
Our relationship with investors should add value beyond the fund itself. We write our monthly reports to offer insights that are useful for other parts of their portfolios too, and we welcome questions about the Nordic credit market. We organise meetings and events where investors can meet and build relationships. That is how we develop our network, rather than through marketing campaigns, cold calls or advertising.
A deep understanding of our business and market underpins everything we do. We use technology extensively across research, portfolio management and operations, enabling each team member to achieve more and focus on the work that matters most. Our portfolio management systems are built specifically for the Nordic credit market, helping us identify opportunities that larger, established firms can easily overlook.
Chair since 2021
Daniel joined Wegelin & Co. Private Bankers in 2001 and played a central role in establishing and developing its asset management division. From 2007, he served as a partner, deputy head of the division and fund manager. He was CEO of 1741 Asset Management from 2013 to 2015, before becoming a senior investment strategist at IPM and subsequently head of investor solutions at SIGTech. He is now CEO of Topsin Capital, a family office. His work has been published in academic and financial journals, and he regularly speaks at investment conferences.
Director
Michel has more than 30 years of experience as a systems architect and technology executive in the financial sector, designing and restructuring trading and risk management systems to meet demanding scalability and throughput requirements. His previous roles include positions at NeoNet, Swedbank Markets, OMX Technologies, the Stockholm Stock Exchange, Nordea Markets and Saxo Bank. He is now a senior executive adviser at EQT-owned Banking Circle, where he previously served as CIO.
The board also includes Andreas Olsson, CEO, and Thorbjörn Wallentin, Deputy CEO.
External auditor