Former NBIM and Odin managers establish new AM firm
Nina Hammerstad from NBIM joins forces with five breakaway managers from Odin Forvaltning to engage in active asset management. "For the active industry, the challenge is that many actors do not detach themselves enough from the index they are measured up against," she says.
BY PERNILLE JOHNSEN
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Two years ago, KLP Kapitalforvaltning accounted for 4 percent of inflows to Norwegian retail funds. Now, its share is 17.6 percent. "It's been a dramatic change," says CEO Håvard Gulbrandsen, who thinks sustainable funds, low prices and new dynamics in the Norwegian retail market are responsible.
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