AMWatch

Slower AUM growth than most Nordic peers doesn't stop Carneo from dreaming big

Active investment group Carneo still aims to double assets under management, the recently released 2020 report shows. The report also reveals a pending court case with the Swedish Tax Authorities.

Christoffer Folkebo, CEO at Carneo. | Photo: PR/Carneo

Independent asset management group Carneo recently released its first public annual report, showing that assets under management grew by 3.8 percent or SEK 11bn (EUR 1.1bn) to SEK 302bn (EUR 29.7bn) in 2020.

According to AMWatch's calculations, Carneo is number 10 in terms of AUM growth among the 14 largest asset managers in the Nordics.

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