Small Companies with Big Significance

The Reason We Started Circulus

The world is facing unprecedented challenges, from climate change to resource depletion, and the need for action has never been more urgent. To overcome these challenges, we need innovative solutions—and investors who are willing to think and act differently. With over 40 years of combined experience in asset management, we’ve traveled the globe to meet companies working on the most critical global issues.

We’ve also taken part in numerous industry coalitions, striving to drive change through the financial markets. While it’s true that many companies aren’t doing enough, one key lesson we’ve learned over the years is that we, as an investor collective, aren’t doing enough either. We need to think bigger. We need to act differently. While there are leading examples of sustainable investing, we believe that in general, the focus on impact is still lacking—particularly in listed equities.

Investing in Our Strategy

• Circulus is a unique impact strategy that invests in the world’s largest purchase order.

• Your money is invested in companies that make a real difference. Additionally, as fund managers, we work to help these companies grow and make an even greater impact.

• As a team, we have over two decades of experience working with micro- and small-cap companies around the world. We are aided by a unique AI model and an experienced advisory board.

Christofer Halldin

Christofer has been managing Circulus since its inception in August 2022. Prior to this, he worked as the head of active equity and fixed income management at Handelsbanken Fonder. There, he was instrumental in developing Handelsbanken Fonder into one of Sweden’s most successful equity and fixed income managers during the late 2010s. 

Handelsbanken Fonder had the largest net inflows on the Swedish fund market for several consecutive years during that time. Additionally, Handelsbanken Fonder was named both the Fund Manager of the Year and the Sustainable Fund Manager of the Year by various actors. Prior to being appointed head of active management, Christofer managed various global mandates for several years.

Joakim By

Joakim has been managing Circulus since its inception in August 2022. Prior to this, he worked as a fund manager for Amerika Småbolag Tema at Handelsbanken Fonder. He managed America Small Caps from 2015 and won several awards for the fund’s good returns, which also grew significantly during his tenure as fund manager. 

When Joakim left the fund in early 2022, it had over SEK 20 billion in assets under management. Before managing Amerika Småbolag Tema, he was responsible for managing the broader fund Amerika Tema from 2013-2017 and the global fund Global Tema from 2009-2013 at Handelsbanken Fonder.

Simon Park

Simon has been managing Circulus since its inception in August 2022. Prior to this, he worked as a sustainability analyst at Handelsbanken Fonder. Between 2018 and 2022, he contributed to the development of the fund company’s sustainability efforts, with responsibility for increasing measurability to create value in the investment process. 

In 2021, Simon was named one of “33 under 33: Shaping the Future of Sustainability” by Aktuell Hållbarhet. He also has experience from programs at some of the leading institutions globally in the sustainability field, such as circular economy with the Ellen MacArthur Foundation and climate science at the Smith School of Enterprise and the Environment, University of Oxford.