Overview
BLS Capital Fondsmaeglerselskab A/S (“BLS Capital” or “we”) is an asset management company
and an investment adviser registered with the Danish Financial Supervisory Authority
(“Finanstilsynet” or “Danish FSA”). Our principal place of business is Klampenborg, Denmark. We
are authorized under the Danish FSA to provide investment advisory services.
BLS Capital is organized as an “aktieselskab (A/S)” under the laws of Denmark. BLS Capital
commenced business on January 29, 2008 and was founded by Anders Lund, Partner and Portfolio
Manager, and Peter Bundgaard Rørdam, Partner, and Portfolio Manager. Peter Bundgaard Rørdam
and Anders Lund are the principal owners of BLS Capital, and hold their interests in BLS Capital
indirectly through entities listed on the firm’s Schedule B in our ADV Part 1A.
We are the investment adviser to a Danish-domiciled investment fund Kapitalforeningen BLS Invest
(“BLS Invest” or “Danish Fund”) that employs two distinct investment strategies: one focusing on
Danish equity securities and the other on global equity securities. BLS Invest is an investment fund
regulated by the FSA and is listed on the Copenhagen stock exchange for investment funds (Nasdaq
Copenhagen). BLS Invest
is marketed exclusively within Denmark and will not accept investments
from any U.S. domiciled persons.
We are the investment adviser to BLS Global Equities LLC, a Delaware limited liability company (the
“U.S. Fund”). The U.S. Fund is marketed exclusively to qualified U.S. investors and is exempt from
registration as an investment company pursuant to Section 3(c)(7) of the Investment Company Act
of 1940, as amended.
We also manage segregated accounts on behalf of U.S. institutions (“Segregated Accounts”).
The term “U.S. Clients” is used in this brochure to refer collectively to the U.S. Fund and the
Segregated Accounts, and individually to each such client, as the context requires.
We employ a global equity investment strategy for U.S. Clients. As described in the U.S. Fund’s
offering documents or as set forth in our agreement with a Segregated Account client, when agreed
upon with the client, we will tailor our advisory services based on the client’s investment restrictions
and objectives.
As of December 31st, 2022, we managed $7,647,299,315 in client assets on a discretionary basis,
where $2,052,411,410 was held by the Danish Fund and $5,594,887,905 was held by U.S. Clients.