Money Management

Lynx Asset Management hires AP1’s head of alternatives

Martin Kallstrom was named partner at Lynx Asset Management, a spokesman said.

The position is new. Mr. Kallstrom will join from the 333 billion Swedish kronor ($38.2 billion) AP1, Stockholm, where he was head of alternative investments. A spokeswoman could not be reached to comment about a replacement.

Starting in September as part of Lynx's management team, Mr. Kallstrom will develop systematic money management products and investment strategies using conventional statistical methods as well as machine learning and artificial intelligence.

"(Mr. Kallstrom) is one of the most qualified hedge fund investors in the Nordic countries and has long and extensive experience of evaluating quantitative strategies. Our industry is moving toward offering the big pension funds increasingly sophisticated and tailored solutions, and this is an area where (his) experience from the client side will be very valuable," said Svante Bergstrom, Lynx's founder and CEO, in a news release.

Lynx Asset Management has $5 billion in assets under management.