Stefan Nilsson has been appointed head of the Tokyo office of hedge fund firm ProfitFundCom with immediate effect.
The company has offices in Japan and Europe and is currently raising new funds for its flagship ProfitFundCom Global Macro Fund, which invests in currencies, stock indices and government bonds.
ProfitFundCom's founder and chief investment advisor, Richard Werner, said: "In recent discussions with our partners at Aizawa Securities and other advisors to the firm it emerged that appointing Stefan would be the most promising way to advance the interests of the Profit Group in Japan and neighbouring countries. Stefan will work closely with Aizawa Securities in order to facilitate their efforts to distribute our fund in Japan and the region."
Nilsson relocated from London to Tokyo last year to join ProfitFundCom as head of business development. In addition to his new role as managing director of the Tokyo office, he will also continue to work on business development and client relations on a global level.
Prior to joining ProfitFundCom in Tokyo, Swedish-born Nilsson spent more than ten years in London where he held management positions at several organisations, including general manager at Terrapinn Ltd and project manager at Euromoney Institutional Investor PLC. He studied in Sweden, the USA and England and was awarded his MBA from Leicester University.
In addition to his role at ProfitFundCom, Nilsson is a committee member of the Swedish Chamber of Commerce and Industry in Japan as well as the founder of the Tokyo Hedge Funds Club, an informal network for the hedge funds industry in Japan.
Background notes: ProfitFundCom is a fund management firm with offices in Japan and Europe. ProfitFundCom manages a global macro fund - which has outperformed the CSFB Tremont Global Macro Index for over two years and was nominated as Best Global Macro Fund in Asia at the Asian Masters of Hedge Awards 2005 - and a Japan/Asia Equity Fund, also outperforming its benchmark in 2004 and 2005. Its investors are both institutions and high net-worth individuals.