The company trade mark is “DIVERSIFY. PROSPER. EVOLVE.”, which sum up the qualities and the philosophy of the product offering. Evolve, because of the artificial intelligence used to “evolve” the methodology of the fund, by learning from past experiences.

When constructing investment portfolios it is of great importance to diversify the risk between different asset classes. Most investors are already allocating risk between various stocks, thereby spreading the risk of unique events around the individual company, bonds and real estate… but is this diversification enough?

Markets tend to move in cycles. In order to protect investment portfolios against cyclic corrections – there is a need to allocate to non correlated investments. Investments that does not follow the same cyclic patterns as stocks, bonds and real estate.

Calculo Capital is a Danish manager of alternative investment funds. Registered by the Danish FSA (Finanstilsynet).

The company was founded in 2011 as a commodity research and software company. A vision to build a specialized trading platform for commodity trading – incorporating a cross commodity automated trading strategy – resulted in a unique trading engine and in house tool for managing all trading and risk activities. In 2016 the company changed name to Calculo Capital when becoming registered by the Danish FSA. 

Calculo Capital is managing the systematically traded commodity fund, Calculo Evolution Fund, launched August 2018. 



Ulrich Peer Jespersen
Chairman of the board

+40 years experience in banking and financial markets. Former CEO Finansbanken and SparLolland.
HD Foreign Trade, CBS

Ole Sloth Hansen
Head of Commodity Strategy, Saxo Bank

+30 year experience with futures trading and fundamental and technical analysis of the commodity markets.

Philip Engel Carlsson
CEO, Calculo Capital

+18 years experience in commodities trading and technology from banks, power trading companies and hedge funds.
Master in Finance and Accounting, CBS


Philip E. Carlsson
CEO & Founder

+18 years experience in commodities trading and technology from banks, power trading companies and hedge funds.
Master in Finance and Accounting, CBS

Victor Lund Klestrup Hansen
Quantitative Analyst

Former quant in Danske Bank’s award-winning “SuperFly”
Mathematics-Economics, UCPH

Kenneth Grunow

Investment advisor and investor.
Board Govenance education


Klaus Rud Sejling
CEO & Investor DANX Group

Former A.P. Møller Maersk Executive.

henrik henriksen bw

Henrik Henriksen
Board Member

Former Chief Strategist VELLIV & PFA


Steen Jakobsen
Chief Economist & CIO, Saxo Bank

Experienced Chief Investment Officer, macro economist and fund manager.


Jana Benesova-Tumova
Senior Investment Professional

Experienced investment professional with international experience spanning more than 30 years. Previously held senior positions at LGT, Stone Milliner, Moore Capital, Citi and Credit Suisse.