KEDGE Capital Club

The People of Riddle Capital Research

By working together, we strive to create insightful research, expand our knowledge, and prepare for future careers in the financial industry.

Our Story

Riddle Capital Research was founded in 2025 to bridge the gap between academic finance and real-world investment research.

With a passion for understanding financial markets, private equity, investmentbanking and macroeconomic analysis, we deliver high-quality insights to help navigate today’s complex financial landscape.

Founders & Key Members

Member Name

Tobias Thorsen

Co-Founder and M&A Research Lead

Member Name

Raphael Dahomay

Co-Founder and Equity Research Lead

Member Name

Milan Kum

Co-Founder Equity Research Analyst

Member Name

Marius Serritslev

Editorial Director & Research Lead

Member Name

Kai Lee

Senior Editor & Wine Industry Lead