Equity Asset Manager for Professional Investors Worldwide

Our Approach

To us, investments are long term and non-speculative. We consider ourselves and our co-investors as long term co-owners of companies. Therefore, we do not consider investments in equities as speculation of whether the stock will rise or fall in the near future, but rather as a process of investing in the long term value that we believe the companies can create for us as shareholders.

We do not necessarily invest in the most renowned or popular companies, but merely in the companies that we assess to have a high standard of quality and superior capabilities in long term, sustainable value creation.

In this regard, long term is defined by us as “as long as possible”. But how long is that? This time horizon is principally infinite. Yet, we do follow the development of our portfolio companies critically, but we seldom change a portfolio company. However, when this does happen, it is most often based on the finding of another company that we believe will have a more attractive, long term investment potential.

Investor team

BLS Capital was founded in 2008 by Anders Lund and Peter Bundgaard who are both the investment professionals in BLS Capital. Investments are purely in Danish and global equities. The investment professionals are required to invest their investable assets in portfolios managed by BLS Capital.


Anders Lund, born 1971. Portfolio Manager and Partner

Anders holds a M.Sc. in Business, Accounting and Auditing from Aarhus Business School. He worked as an auditor for PriceWaterCoopers prior to joining the investment bank, Gudme Raaschou in 1998, first as an analyst and later became Portfolio Manager focusing on Danish and Nordic equities. Subsequently, he became Senior Portfolio Manager at Alfred Berg/ABN Amro Asset Management, responsible for Danish and Nordic equities. In 2005, he became Chief Portfolio Manager for Danish equities with Denmark’s third largest mutual fund, BankInvest, before co-founding BLS Capital.


Peter Bundgaard, born 1964. Portfolio Manager and Partner

Trained as a banker at Danske Bank in 1989, where he worked as an Investment Advisor. In 1995 he became Portfolio Manager at the regional Danish bank, DiBa, and subsequently Portfolio Manager for Danish and Global Equities with Carnegie Asset Management. He worked as Head of Equities at the investment company, St. Frederikslund Group prior to joining SEB Asset Management in 2000 as Head of Danish Equities and co-responsible for European Equities. Prior to co-founding BLS Capital, he was Head of Danish Equities at Nordea Investment Management.

About BLS Capital

BLS Capital is an asset management company founded in January 2008. The company was established based on the desire to create a boutique asset manager with focus on long term investments in robust, listed companies with the purpose of creating attractive, long term risk-adjusted returns. The driving forces behind BLS Capital are the Portfolio Managers and Partners, Anders Lund and Peter Bundgaard.

We focus solely on investments in equities and are under supervision by the Danish Financial Supervisory Authority (Finanstilsynet) and the U.S. Securities and Exchange Commission (SEC). SEC registration does not imply a certain level of skill or training.

Contact BLS Capital

You are always welcome to contact BLS Capital if you have questions, are in need of information or simply want to learn more about BLS Capital and our strategies.