Hedge Fund Exec. Engaged To Swedish Princess

Oct 25 2012 | 11:04am ET

"Hedge fund royalty" is about to become a term with literal truth.

Noster Capital partner Christopher O'Neill has become engaged to an actual princess, Madeleine of Sweden. The couple, who live in New York, are to exchange vows in the summer in Sweden.

"Chris proposed to me in New York at the start of October, and we are very happy," Madeleine said in a video posted on the Swedish royal family's Web site. The two have known each other for two years, O'Neill said; he accompanied her to the baptism of her niece, Princess Estelle, in May.

Madeleine, eight years the 38-year-old hedge fund executive's junior, is the youngest of King Carl XVI Gustaf and Queen Silvia's three children and is currently fourth in line for the Swedish throne. She works for her mother's nonprofit, the World Childhood Foundation, in New York.

The engagement is the second for the princess: She broke off an earlier relationship two years ago, after her then-fiancé reportedly cheated on her.

O'Neill is head of research at Noster. The British native holds dual U.S. and U.K. citizenship. He said in the video that he endeavors to learn Swedish, "but it is difficult."

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