Norron founders ready to dilute ownership over five-year period

Swedish investment manager Norron has had the wind in its sails since it was founded, and the team has grown steadily. Norron founder, Ulf Frykhammar, has no plans of shopping to increase AUM, or looking for a buyer – but he does plan to let the younger employees take a bigger piece of the pie.

Norron founder, Ulf Frykhammar | Photo: AMWatch / Lykke Ogstrup Lunde

With its tenth birthday on the horizon, Norron AB – which specializes in absolute return and actively managed equity funds - is going strong and today offers six funds, manages SEK 14bn and employs 14 people.

Norron was founded just under a decade ago by Ulf Frykhammer, Gustav Sjögren and Nicklas Granath who share a working background from Swedish manager Catella. When they established Norron, Norwegian engineering company Aker provided the seed capital of 300 million Swedish kroner, taking 52 percent of the management company in return.

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