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The Corporate Credit Team

We believe that to outperform in the global high yield markets you must be prepared to be different. Those that try to mimic credit indices, rarely outperform over the long term. Since 2006 we have managed credit funds by focusing on the size of the opportunity not a bond's index weight.

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If you would like to learn more about our value approach in credit markets, please do not hesitate to contact us.

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The Corporate Credit Team

The Absalon Corporate Credit Team is led by Klaus Blaabjerg who formed the team in 2006. The team has remained stable since its inception with no departures.

Each team member has the dual role of portfolio manager and analyst which allows for short lines of communication and a team which is collegiate in style. In addition, the team owns 35% of the equity of their business which ensures an alignment of interests between the team and their investors.

The team consists of:

Klaus Blaabjerg

HEAD OF CREDIT, CHIEF PORTFOLIO MANAGER, PARTNER

Klaus Blaabjerg

Klaus attended the University of Copenhagen where he earned an MSc in Economics. His career started in 1999 at Realkredit Danmark as a Risk Manager. In 2000 Klaus became the responsible fund manager for Nykredit Invest Engros Eurokredit. After Nykredit, Klaus was employed as a senior portfolio manager at Bankinvest, responsible for launching and managing Bankinvest Corporate Credit, a Global Investment Grade fund. Klaus joined Sparinvest in August 2005. Klaus was responsible for Credit Products at Sparinvest. Klaus resigned from his position at Sparinvest May 2014 having grown the Credit business from zero to €2bn+  together with Sune, Toke and Peter. Klaus joined Absalon Capital in Jan 2015.
Sune Højholt Jensen

Chief Portfolio Manager, partner

Sune Højholt Jensen

Sune attended the Copenhagen Business School where he earned an MSc in Finance. He began his career at Bjørnskov & Co as an equity analyst. In 1998 he moved to Nykredit Markets joining as a Credit Analyst before moving to the proprietary trading team in 2000. In 2004 he moved to Nordea as a Trader in their proprietary Corporate Bond Trading team. In 2007 he moved to Sparinvest to work alongside Klaus Blaabjerg as part of the investment team with the focus on HY corporates. Furthermore, Sune was managing a constrained EM sovereign debt strategy from 2007-2009. In 2010 he was appointed as the lead manager on the Sparinvest Emerging Market Corporate Debt Strategy. Sune resigned from Sparinvest in April 2014 and joined his colleagues at Absalon Capital where he is the Chief Portfolio Manager for the EM Corporate Debt Strategy.
Toke Katborg Hjortshøj

Senior Portfolio Manager, partner

Toke Katborg Hjortshøj

Toke holds a PhD in Economics and Business Administration from the University of Aarhus. He attended the Master of Finance, the Katholieke University Leuven in Belgium and later joined the Finance Department of Stern Business School New York University as a visiting scholar. Toke started his career at Sparinvest in 2007 as credit analyst. Senior Portfolio Manager Toke co-launched the Sparinvest Emerging Market Corporate Bond Fund in 2010 with Sune Højholt Jensen as well as managed short-duration credit funds and an Ethical Emerging Market Corporate Debt mandate. Toke resigned from Sparinvest in July 2014 and joined Absalon Capital in Nov 2014 where he is co-managing the EM Corporate Debt Strategy.
Peter Dabros

Senior Portfolio Manager, partner

Peter Dabros

Peter is a Senior Portfolio Manager of the Absalon Global High Yield strategy. He has a MSc in Economics from the University of Copenhagen and has worked within corporate credit for the past 20+ years. Prior to joining Absalon, Peter worked as a sell-side analyst and strategist in Nordea from 2002-2012 before moving to Sparinvest where he started managing Investment Grade funds as well as co-managing Global High Yield and Short Maturity funds. Peter joined Absalon Capital in November 2014 as one of four founding partners.
Katrine Birner Skovsen

Quantitative Analyst

Katrine Birner Skovsen

Katrine has a MSc in Mathematics-Economics from Aarhus University. She joined the team in 2018 and has been instrumental in developing deeper insights into systematic risk factors across our credit portfolios.
Jesper Veng Pedersen

Head of Research

Jesper Veng Pedersen

Jesper is Head of Research at Absalon Capital. His work is primarily focused on portfolio construction, factor-based risk and return attribution and tactical hedging models. Jesper has a degree in Economics and Management from Aarhus University and completed his PhD in 2016. Prior to joining Absalon Capital he worked for Jyske Bank as a Bond Analyst.
Jens Christian Thellesen

Head of Middle Office and ESG

Jens Christian Thellesen

Jens Christian studied Economics at Aarhus University. He is also a CFA Charterholder. In 2004, he joined Jyske Bank as a Senior Economist before moving across to their asset management division in 2007 where he took a position as EM debt portfolio manager. Later he rose to become head of the middle office. He joined Absalon Capital as Head of the Middle Office in 2018.
Jesper Laage Christiansen

Chief Risk Officer

Jesper Laage Christiansen

Jesper has a degree in Economics from Aarhus University and is CQF certified. In 2003 he joined Orsted’s Risk and Model Development. In 2006 he moved to Standard Bank as a Credit Derivatives Business Analyst and then to Spar Nord Bank in 2010. He joined Absalon Capital in 2018 as Chief Risk Officer.
The Formuepleje-Group

The Formuepleje-Group

Absalon Capital (Secondary business name of Formuepleje A/S) is a part of the Formuepleje-Group. Formuepleje A/S is the largest Danish bank-independent asset manager with more than 16,000 investors, approx. 120 employees and more than DKK 100bn under management.

The Formuepleje-Group consists of Formuepleje Holding A/S, Formuepleje A/S and Absalon Corporate Credit Fondsmæglerskab A/S.