Skagen, the independent manager based in the Norwegian oil town of Stavanger, has been acquired by Storebrand, the Norwegian insurance group, and will thus join Delphi Funds (Norway based) and SPP (Sweden based) as a brand offering actively managed funds to the market. Skagen will remain a separate company, with its own board, according to […]
The Norwegian Fund and Asset Management Association (Verdipapirfondenes forening, VFF) is set to host a seminar on compliance and operational risk, hosted at insurance group Storebrand’s Lysaker headquarters in Oslo. The event will address key upcoming regulation, including: GDPR – the EU’s General Data Protection Regulation Mifid II Best execution Conflicts of interest Practical implementation […]
With multifactor investing increasingly being discussed as a way to deal with duration and interest rate risk through the coming year, InvestmentEurope has caught up with Bård Bringedal, head of equity at Storebrand Asset Management, to discuss the manager’s Multifaktor strategy. What led to the creation of Storebrand Global Multifaktor? Our team has managed factor-based […]
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 […]
Johan Wahlman, managing director of FIM Asset Management in Stockholm, has been appointed to the board of the Swedish Investment Fund Association (Fondbolagens förening). Wahlman has previously held roles at Storebrand Asset Managment and Länsförsäkringar, and has a background as a legal counsel. The appointment to Sifa’s board follows the departure of Johan Wigh, who […]
SPP, the Swedish manager that is part of Norwegian insurance group Storebrand, has warned in its latest monthly note that the rates policy being pursued by the ECB poses a longer term threat to a sustainable balance between credit demand and supply in Europe’s open and export orientated economies such as Sweden and Norway. The […]
“It is about putting in place building bricks. We need to access the best bricks, so unlike some competitors we will bring in competitor funds and take out internal funds.” So says Helena Jendelid, who leads selection of funds at Stockholm headquartered SPP, the business that started in 1917, when it was established as Sveriges […]
SPP, Norwegian insurer Storebrand’s Swedish asset management business, has launched a corporate bond fund that will invest only in companies with high credit ratings and that are based in the Nordic region.
Helena Jendelid, head of Unit-Linked Insurance at SPP, the Swedish business of Norwegian insurer Storebrand, has talked about the process used to select funds on behalf of customers (in Swedish).
Fitch Ratings has affirmed Norwegian life insurer Storebrand Livforsikring’s IFS (Insurer Financial Strength) rating of ‘BBB+’ , and IDR (Long-term Issuer Default Rating) of ‘BBB’.
A survey of over 1,000 Swedish investors by Norwegian insurer Storebrand’s Swedish asset management business SPP found that every other Swede is actively interested in their investments, but that just 20% feel they have sufficient investment knowledge.