Student-operated asset manager
creating alpha since 2011

HCM

HHGS Handels Capital Management AB is a student-run asset manager at the School of Business, Economics and Law in Gothenburg, Sweden. We strive to be the natural meeting place for the most ambitious and determined students with an interest in finance and investing. AUM today is 13 MSEK.
Go to For students – by students

For students – by students

HCM’s business idea is to provide cost-efficient and competitive capital management to the student association and other student entities. At the same time students get to learn from others, accumulate knowledge and exchange ideas, as well as get practical experience of asset management / equity analysis for a future working career.

Go to ANALYSIS

ANALYSIS

HCM’s investment decisions are based on analysis conducted by the company’s equity research analysts. The methods used for analysis are fundamental valuations and macroeconomic analysis. Also, other factors that may affect our decision can be taken into consideration when making an investment decision.

Go to MONTHLY REPORT

MONTHLY REPORT

HCM publishes a monthly report over the current portfolio, as well as some other content well worth reading.

Go to ALUMNI

ALUMNI

HCM has built a large network of alumni over the years. Former analysts now works within investment banking, portfolio management and equity research, all over the world.

Interested in our investment philosophy?

Creating alpha since 2011
"An investment in knowledge always pays the best interest."
- Benjamin Franklin

Handels Capital Management AB (HCM) manages parts of the surplus wealth of the student union and their companies at Gothenburg School of Business, Economics and Law in a discretionary managed portfolio. The core business was started in 2005 and was managed by Börsgruppen (Finance Society at Gothenburg School of Business, Economics and Law) until the year of 2010. Later on, in autumn 2010, it was decided that the asset management should be transferred from Börsgruppen to a company which would be called Handels Capital Management AB.

In order to provide the schools other entities, including Handels Holding AB, services in combination with an ambition to operate the business in a more professional and realistic manner, Börsgruppen decided to form a separate company for the groups capital management division.

HCM’s business idea is to, through analysis and advisory, provide cost-efficient and competitive capital management to those entities within University of Gothenburg who are in need of such services. While doing this, our ambition is to provide further education and practise for the schools students within finance.

  • All students

  • % Annual Average Return

  • MSEK

TEAM

Driven by ambitious students since 2011

Management

FILIP ANDREASSON

CEO
B.Sc. Accounting y2

Alfred Kerstis

Head of Equity Research
M.Sc. Finance y2

KARL NORÉN

Head of Asset Management

Analysts

Louise Dufwa

Equity Research Analyst
M.Sc. Finance, y2

Vincent Tollesson

Equity Research Analyst
M.Sc. Innovation and Industrial Management, y2

Lisa Reenbom

Equity Research Analyst
M.Sc. Finance, y2

Emil Grimsved

Macro Analyst
M.Sc. Financial Mathematics, y2

Ingrid Hjort

Equity Research Analyst
M.Sc. Finance, y2

OSKAR BERGLUND

Equity Research Analyst
M.Sc. Finance, y2

LUKAS JOSEFSSON

Equity Research Analyst
B.Sc. Business and Economics, y1

ARSALAN HAKIMI

Equity Research Analyst
B.Sc. Business and Economics, y1

MIRZA DEDIC

Equity Research Analyst
B.Sc. Business and Economics, y1

ERIC STRANDQVIST

Equity Research Analyst
M.Sc. Finance, y1

SARA BENDRIOUA

Equity Research Analyst
M.Sc. Finance, y1

RASMUS PERSSON

Equity Research Analyst
B.Sc. Business and Economics, y1

Student with high ambitions? - Join our team!