Stronger krone bites Storebrand's growth after robust performance in Q1, says AM unit's CEO

During the first quarter, Storebrand AM continued to see strong net inflow on the Swedish fund market, where its subsidiary SPP Fonder comprises roughly 5 percent of the mutual fund market's AUM. It also continued to raise capital for alternatives. In terms of overall performance, Q1 was energetic, CEO Jan Erik Saugestad tells AMWatch.

Jan Erik Saugestad, CEO at Storebrand Asset Management. | Photo: PR/Storebrand

Total assets under management at Norway's Storebrand Group increased by NOK 25bn (EUR 2.5bn) and reached NOK 987bn (EUR 98.8bn) during the first quarter of this year, the company announces.

This represents a 2.6-percent growth during the quarter.

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