Norwegian shipping investor Joakim Hannisdahl is looking to recruit as he establishes his latest fund.
The respected analyst and investment manager is setting up Gersemi Asset Management after resigning from Cleaves Asset Management, which he founded in 2021 under the auspices of Norwegian investment bank Cleaves Securities.
Hannisdahl is not looking back after citing “irreconcilable differences” with the Cleaves head office.
He does not want to comment further on what happened during a “challenging” final period at Cleaves.
“I want to focus on the future and on creating value for the investors,” he told TradeWinds.
Gersemi will take between three and six months to launch fully.
“I can run the fund myself by outsourcing key services, but I will most likely be hiring regardless, to take some workload off myself,” Hannisdahl said.
“But it is important to find the right person and hire at the right time, and there will likely be some news on the topic in the not-too-distant future,” he added.
Hannisdahl points to his 381% return as a shipping investor since he started investing in mid-2017.
“The great thing about shipping is the cyclicality, which means there are always opportunities,” the investor said.
“Right now, I have mostly cash and long oil tankers, with some long exposure towards Cool Company and BW LPG as well. I expect to make significant changes to my portfolio over the next few months,” Hannisdahl told TradeWinds.
He previously owned a company called Gersemi Research, before he sold it to Cleaves.
His Cleaves fund made well-publicised plays into dry bulk earlier in the year and a quick switch to tanker and gas carrier owners in the wake of Russia’s invasion of Ukraine.