Handels Capital Management AB (HCM) manages parts of the surplus wealth of the student union and their companies at Gothenburg School of Business, Economics and Law in a discretionary managed portfolio. The core business was started in 2005 and was managed by Börsgruppen (Finance Society at Gothenburg School of Business, Economics and Law) until the year of 2010. Later on, in autumn 2010, it was decided that the asset management should be transferred from Börsgruppen to a company which would be called Handels Capital Management AB. The ambition of HCM is to offer cost-efficient asset management with competitive returns generated in a professional and unique student-operated environment. In addition to the asset management, HCM conduct equity research for external clients. HCM offers high quality research focused on micro and small cap stocks.