Norwegian manager Odin has published seven reasons to consider gifting shares in equity funds to children for Christmas this year. The manager notes that a NOK10,000 investment in an equity fund on behalf of a five-year-old child could become NOK370,000 by the time they are 55, based on average annual returns of 7.5%, or NOK145,000 […]
Øyvind Schanke has been appointed as CEO of Norwegian manager Skagen starting 1 February 2017, marking the latest transition of senior executive roles at the Stavanger headquartered firm. Schanke (pictured), joins from Norges Bank Investment Management – the manager responsible for day-to-day running of Norway’s Government Pension Fund Global, the sovereign wealth fund that is […]
Statoil, the biggest listed Norwegian company by market capitalisation on the Oslo exchange, has seen its share price fall after Moody’s joined Standard & Poor’s and downgraded the company’s senior unsecured debt. The rating for senior unsecured debt has dropped to Aa3 from Aa2, reports local business daily Dagens Næringsliv. The downgrade follows a previous […]
Odin, the Norwegian asset manager owned by Sparebank 1 Gruppen AS, has announced that one of its best known portfolio managers Jarle Sjo is leaving by the end of the year, while Norwegian investors generally face a new tax regime that could hit returns. Sjo, the manager of the Norge, Norden and Aksje funds, became […]
Jarle Sjo, investment director at Norwegian boutique Odin, and manager of the Odin Norge, Odin Norden and Odin Aksje funds, has come out with a bullish statement on the opportunities presented by the stock market falls experienced on 24 August. Apart from the consensus factors – fears of Chinese growth, concerns over the timing of a […]
Odin, the Norwegian manager, has launched a fund of funds that invests in four of its own fixed income products. Odin Rente will invest in the Pengemarked, Kort Obligasjon and Obligasjon funds – all Ucits – and the Kreditt fund – not Ucits – with the proportion allocated to each dependent on the recommendations of […]
Norway’s Odin Fund Management has confirmed completion of the proposed merger of its Europa SMB and Europe funds.
Claes Feldman, managing director at Odin Fonder in Stockholm, has outlined the advantatges of investing in Swedish equity (in Swedish).
Rune Selmar is taking over as chief executive of Odin Forvaltning in Norway, following his role at the Norwegian Government’s Norfund – the Norwegian Investment Fund for Developing Countries.
Swedish business publication Affärsvärlden has kicked off its annual investment competition by asking Signe, a Basset Hound, to pick her favourite funds.
ODIN Fund Management’s chief executive Leif Ola Rød, Delphi Funds senior portfolio manager Espen Furnes, and Lannebo Fonder founder Anders Lannebo talk about the challenges and opportunities they see from the region.
Nils Petter Hollekim, senior portfolio manager at ODIN Fund Management says price/book and price/earnings figures suggest upside still exists for Nordic equities, particularly those exposed to faster growing emerging markets.