Former central bank deputy governor takes the lead at Forte Fondsforvaltning

Forte Fondsforvaltning implements changes and emphasizes new growth in a collaboration with the NTNU technology and financial networks. The investment manager thinks this will take its AUM to around NOK 10bn within five years.

The Norwegian-based asset manager Forte Fondsforvaltning will soon be managed by the former central bank deputy governor Egil Matsen following Margrethe Markussen's recent departure from the company, writes The Norwegian financial newspaper E24.

The newspaper writes Markussen had been under pressure after the high-yield fund Forte Kreditt collapsed in March after too many clients wanted to redeem at once following a significant drawdown of 23.8 percent in three months. The same fund was labeled the best Norwegian high yield fund in 2018.

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