AMKAF - Protean Funds Scandinavia AB February 2025 Partner Letter

2025-03-04 05:45:00 ET

Summary

• Protean Small Cap beat its benchmark (again) in February.
• The hedge fund Protean Select returned 0.2% in February.
• This month’s letter elaborates on Aktiesparfonden, what’s going on in the world, Dugin and Bannon, a Nordic Union, Lindex and Maersk, Fasadgruppen and OssDsign.

Dear Partners,

We are proud to announce the launch of our third fund on April 1st: Protean Aktiesparfond Norden. It combines the low fees of index funds with the potential of active management to outperform the index. The best of two worlds.

In addition, we will make the already low fee even lower when the fund grows bigger, sharing the scale advantages.

Aktiesparfonden (the Equity Savings Fund) will focus on Nordic companies with proven business models, solid returns on interest-bearing capital, and profits that translate into cash flow. By avoiding companies with unsound financial risk-taking, aggressive or dishonest accounting, and misdirected capital allocation—three factors that often go hand in hand—we reduce the risk of spectacular missteps....

For further details see: