First Fondene in protest against "analyst massage" in Norway

Thomas Nielsen from Norwegian asset manager First Fondene criticizes listed companies for making phone calls to individual analysts before publishing their quarterly reports. In his opinion, the early information gives the analysts a headstart.

First Fondene Portfolio Manager Thomas Nielsen. | Photo: PR

Four times a year, prior to the season for publishing quarterly reports, it is common for listed companies' investor relations departments to make a number of calls to Norwegian analysts, offering a review of the relevant quarter. This practice is often referred to as "analyst massage", reports local business newspaper Finansavisen.

"Often companies call up analysts to let them know that their expectations are off, most often too high. They try to hide this, referring to the information as public information that the analysts have not paid attention to," Portfolio Manager Thomas Nielsen from asset management company First Fondene says in an interview with Finansavisen.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch