Our Story

“Alpha is and has always been there, a force of nature, just hidden in a cloud of complexity and inefficiency enforced by man”

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A lecture on dynamic bridge construction captured and ignited the spark to a long thought process around the dynamics of financial markets and its internal challenges. Thomas Orbert (CIO and founder of Truepenny) carried this analogy all through the educational years and career as a top-ranked inflation trader and successful portfolio manager. In 2016 he left the trading room and came to dedicate more than 5 years to complete the process which took the form of a theory for asset pricing and portfolio management. Our framework is formed by the theory together with the collected work of Fischer Black and Modern Portfolio Theory. Based on this framework, Truepenny has developed models and algorithms the uniquely brings together established theories with the practical market reality. We focus on stable, liquid strategies that aim to deliver exceptional risk-adjusted return by removing uncertainty from risk.  

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In Q2 2024 we are launching Truepenny Global Macro, anchored in this research and uniquely positioned to deliver alpha.

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Truepenny Capital Management AB is licenced by the Swedish FSA to carry out portfolio management services according to ch. 2. 1 § 4 of the Act [2007:528] on the securities market.