Archipelago Adds Firepower After Back-to-Back Strong Years

Key Takeaways

• Anders Fagerlund joins as Senior Analyst and Head of Research.
• Chelonia Select posted 21.6% gain in 2024, 16.7% in 2025.
• Fund follows a GARP, high‑conviction long/short equity strategy.
• Fagerlund brings 15 years of fund management and UBS sell‑side expertise.
• Team expects enhanced alpha generation from deeper capital‑goods analysis.

Pulse Analysis

Archipelago Investments has emerged as a niche player in Europe’s equity space, largely thanks to its flagship Chelonia Select fund. After transitioning from a market‑neutral stance to a long‑biased approach in early 2024, the fund delivered a record‑setting 21.6% return that year and followed with a solid 16.7% gain in 2025. The strategy hinges on identifying Growth at a Reasonable Price (GARP) opportunities in companies with durable competitive moats, a methodology that resonates with investors seeking outsized returns without excessive risk.

The appointment of Anders Fagerlund adds a new layer of analytical depth to Archipelago’s research engine. With 15 years steering a value‑focused fund at AMF Fonder and a prior decade as a top‑ranked sell‑side analyst at UBS, Fagerlund brings a valuation‑first mindset and intimate knowledge of the capital‑goods sector. His experience complements the existing team’s high‑conviction, concentrated stock‑picking style, promising tighter security selection and more robust downside protection. The reunion with Managing Partner Anders Palmqvist, a former UBS colleague, also reinforces the collaborative culture that underpins the firm’s investment process.

In a broader industry context, talent acquisition remains a critical differentiator as passive indexing continues to erode traditional active‑management margins. Archipelago’s focus on deep fundamental research and GARP principles positions it to capture alpha where pure index exposure cannot. For institutional and high‑net‑worth investors, the enhanced research capability signals a commitment to sustaining performance, potentially attracting fresh capital and solidifying the firm’s reputation in a competitive European market.