Inge Heydorn, a former partner at GP Bullhound, has recently been bought out of the firm and has now joined Chelverton Asset Management, a British company specializing in niche funds. The Financial Supervisory Authority has approved the transfer of funds, and the two funds managed by Heydorn have been renamed from GP Bullhound Global Technology and GP Bullhound Thyra to Finserve Chelverton Global Tech Fund A and Finserve Chelverton Thyra. With approximately one billion SEK in managed capital, Heydorn is optimistic about the new partnership.
“We are all pleased with this new arrangement,” Heydorn stated. “We will now receive more support in terms of distribution, administration, and other areas. Hopefully, this will allow us to scale even better and focus more on our core responsibility of managing funds.”
The technology fund managed by Heydorn has seen impressive growth, with a 40% increase in the past year and over 170% growth in the last five years. Looking ahead to 2025, Heydorn believes that AI will continue to drive the market, emphasizing that the market still underestimates the impact of AI technology.
“AI is at the center of all discussions today. Whether you are talking about software companies like Salesforce or SalesNow, or cybersecurity firms like PaloAlto, AI solutions are at the core of their operations,” Heydorn explained.
Heydorn remains bullish on companies like Nvidia, which has seen a 131% increase in the past year, and ASML, which has experienced an 80% growth during the same period. He highlighted the essential role of ASML in manufacturing AI chips, stating that all factories worldwide require ASML machines for production.
While AMD has not seen the same level of growth, Heydorn pointed out that the company has recently strengthened its relationships with server providers such as Dell, Supermicro Computer, HP, and Lenovo. This renewed trust is expected to boost AMD’s market share and momentum in the coming years.
In conclusion, Heydorn emphasized the importance of strategic investments in AI-exposed companies for continued growth. Nvidia, AMD, and ASML are all holdings in the Finserve Chelverton Global Tech Fund A, reflecting Heydorn’s confidence in their future performance in the evolving tech landscape.