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Storebrand AM: Adds to some alternatives but cuts hedge funds, forestry

Storebrand Asset Management has lifted its exposure to alternative investments, and the shift is likely to continue. But the relative composition of alternatives has changed, and the EUR 73 billion asset manager is considering adding another alternative building block to its portfolio.

Jan Erik Saugestad has had a wide variety of positions at Storebrand, including portfolio manager, head of asset allocation, CIO and CEO of Storebrand Asset Managmenet. | Photo: Storebrand

Storebrand Asset Management -- the largest private asset manager in Norway -- has increased its overall exposure to alternative investments. The asset management business includes a branch in Sweden and SPP Fonder, both located in Stockholm.

According to Storebrand’s Q1 report, the allocation to alternative investments of guaranteed customer assets for SSP Fonder has increased to 13 percent in Q2 2018 from 8 percent in Q1 2017.

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