+46 (0) 8 518 190 40 info@accumkapital.se

Please note that the graphs above includes the latest estimate. Confirmed NAVs can be found on the web pages for CPS and CGS respectively.


Accum Kapital is a Stockholm-based investment firm under the laws of Sweden servicing professional and private investors who seek high risk-adjusted returns on their capital. We are an independent, partner-owned firm actively managing three multi-strategy funds with a clear focus on risk control. Founded in 2009 as WSM, the firm changed names to Accum Kapital in 2015.


Our asset management philosophy is based on capital preservation, rather than market timing. Through a stable, low-risk return profile, capital is accumulated over time at the same time as draw-downs are minimised. Our funds are very actively managed with a clear focus on avoiding the sometimes high volatility that characterises capital markets. This means that our funds can produce very high risk adjusted returns over time. Our asset management focus therefore differs from e.g. traditional long-only portfolios, where returns to a large extent depend on market timing.

Capital Preservation Strategy (CPS) is an absolute return, low-risk multi-strategy fund, and Capital Growth Strategy (CGS) is a multi-strategy fund targeting to exceed stock market returns over time at half the stock market risk. The right combination of these two funds has the potential to double the invested capital within a reasonable time frame and at a quantifiable risk level.

All key employees at Accum Kapital are fully invested in our funds. This ensures that our interests are always aligned with our clients, both in the short- and long-term. We service both private investors and institutional investors. Please contact us for more information about us and our asset management services.


Jesper Almkvist


Having spent nine years in London as an equity analyst/broker for CAI Cheuvreux, Alfred Berg and ABG Sundal Collier, Jesper moved back to Sweden in 2004 to found Adapto Advisors AB. During his six years at Adapto, Jesper started two funds and was responsible for the equity long/short portfolio. Jesper co-founded Accum Kapital and he has a BA in Business and Finance from Richmond University.


+46 (0) 8 518 190 43

Erik Ejerhed

Portfolio Manager

After six years working as an equity analyst for ABG Sundal Collier in London, Erik relocated to Sweden in 2007 to head-up a team of specialised equity analysts. In 2010, he took a position as a portofolio manager for a local wealth manager, before moving on to co-found Accum Kapital. Erik holds an MSc in Industrial Engineering and Management from the Royal Institute of Technology (Stockholm) and a BA of Arts from the universities of Stockholm and Uppsala.


+46 (0) 8 518 190 41

Kim Johnsson

Internal Compliance & Marketing

Kim is a professional icehockey player who started his career i Malmö, Sweden. Following eleven years and 782 games in NHL for New York Rangers, Philadelphia Flyers, Minnesota Wild and Chicago Blackhawks, Kim moved to Stockholm in 2011. He has represented Sweden 96 times and has won WC Gold in 1998, WC Bronze in 1999, 2001 and 2002 and represented Sweden in the Olympics 2002 and WC 2004. Kim is a co-founder of Accum Kapital.


+46 (0) 8 518 190 45


Rami Shaaban

Distribution & Marketing

Having spent six years as a professional football goalkeeper for Arsenal FC and West Ham, Rami finished his career in Hammarby, Stockholm, in 2011. Rami has won the Premier League as well as the FA Cup and has represented Sweden in the WC 2006 and the EC 2008. He has played in Champions League for Arsenal FC and won the Swedish Cup for Djurgården IF. Rami is a co-founder of Accum Kapital and he is active in several charity projects.


+46 (0) 8 518 190 44

Erland Sköldborg

Financial Advisor

Erland has been active in the financial industry since 1983, starting his career at Trygg Hansa. During the 1990s, Erland was self-employed as a financial advisor, before co-founding the financial advisory and asset management firm IAM (Valbay) in 2001. Between 2007 and 2011, he headed up the insurance business for a local wealth manager. Erland is one of Accum Kapital’s co-founders.


+46 (0) 8 518 190 42


Accum Kapital (Accukap AB, corporate registration number 556801-4962) is a duly-licensed investment firm under the laws of Sweden (Lagen (2007:528)), entitled to (i) provide investment advisory services, (ii) provide discretionary asset management services and (iii) receiving and forwarding orders regarding financial instruments.

Compliance- and Risk Manager is Jörgen Tenor at Se Compliance AB, jorgen.tenor@secompliance.se


Contact us

12 + 1 =


Accum Kapital AB


Hamngatan 11, 4tr

SE-111 47 Stockholm

Tel: +46 (0) 8 518 190 40