The fund Redeye Nordic Hidden Champions AIF A leverages the proven quality rating model and niche expertise of Redeye’s equity research team of ~25 analysts - a recipe that has resulted in net returns of 95% since inception in May 2020, as of August 31, 2025.
Disclaimer: Investing in funds always involves a risk. The value of your investment may go up or down. Historical returns are not a guarantee of future returns. The money invested in the fund can both increase and decrease in value, and there is no guarantee that you will get back part or all of the invested capital
The fund
Redeye Nordic Hidden Champions AIF
Primary investment focus on Nordic high-quality growth companies, emphasizing disciplined selection and rigorous research. With a priority on small- and micro-cap stocks, providing attractively priced investment opportunities and long-term growth potential.
- Fee: Class B: 0.85% fixed fee & 25% performance fee with a hurdle rate of 4.15%. Class A: 0.6% fixed fee & 25% performance fee with a hurdle rate of 4.4%
- Minimum investment: 1 000 SEK (B class) & 5 000 000 (A class)
Fund Size
Soft close 500 MSEK
Redeye Capital Investment Committee
An introduction
The fund seeks to compound wealth at a superior rate over the long term, while minimizing the risk of permanent losses of capital. The edge comes from being focused, disciplined and specialised on select sectors in the small and micro cap space. The fund has a quality first approach to our stock selection. GRIT Fund Management Company Ltd (GRIT) is the fund manager of the fund Redeye Nordic Hidden Champions AIF. GRIT has outsourced the portfolio management of the fund to Redeye Capital. The portfolio management decisions are made by the investment committee of Redeye Capital, which consists of Toru Ueda and Viktor Westman. The founder of Redeye Capital, Björn Fahlén, is a senior adviser to the investment committee.
Björn Fahlén
Senior Advisor - Redeye Capital Investment Committee
Founder – Redeye Capital
Toru Ueda
Senior Investment Manager – Redeye Capital
Chairman of Investment Committee - Redeye Capital
Viktor Westman
Investment manager – Redeye Capital
CEO - Redeye Capital
The fund's high-touch, primary research-based approach provides an investing edge. It involves engaging with individuals who possess greater knowledge about the company or its industry, enabling the fund to discover qualities not found in corporate filings, presentations, or standard industry research. This comprehensive strategy sets the fund apart, as most analysts either don't or can't adopt it.
Björn Fahlén
Founder of Redeye Capital
Updates
This article is an excerpt from my book, Quality First Investing. It is a book I wish I had read 20 years ago myself as a budding investor. It is primarily a practical guidebook to quality investing through in-depth, on-the-ground research.
This is the third article of Redeye's series covering competitive moats, a key pillar for how companies can sustain advantages over their competitors.
This is the second article of Redeye's series covering competitive moats, a key pillar for how companies can sustain advantages over their competitors.
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