ABOUT US

Arctic Asset Management AS is an independent Norwegian investment manager. We manage UCITS-funds and bespoke solutions.

Arctic Asset Management AS (“AAM”) is an asset manager with a truly active approach focusing on bringing long-term value creation to our clients. Long-standing relationships with clients, supported by continuous growth from performance and new clients, accelerate our ambition of being the preferred investment manager for our clients.

We offer high-quality investment solutions through a range of investment strategies and discretionary mandates.

Our portfolio management is based on comprehensive expertise and methodological analysis of markets, sectors, and companies.

AAM was founded in 2010 as the investment manager for Arctic Funds Plc. Today, AAM manages both mutual funds and bespoke solutions on behalf of a broad range of clients.

AAM is owned by its employees, Arctic Holdings AS and RASMUSSENGRUPPEN. The company is part of the Arctic Group, headquartered in Oslo along with an investment team located in Stockholm. AAM has a licence from the Financial Supervisory Authority of Norway (Finanstilsynet) to conduct discretionary portfolio management and associated services pursuant to the Securities Trading Act (lov om verdipapirhandel).

 

Feel free to contact us

Department mail

Management

Lisbeth Gyland

CEO

Mobile: +47 4840 3122
Office: +47 2101 3122

Extensive experience from financal markets. CEO at Orkla Finans Fondsforvaltning (2005-2009) and CIO fixed income management (1994-2005). Prior to Orkla with Den norske Creditbank as a broker (1984-1990) Graduated from Bankakdemiet/BI.

Albert Collett

CIO

Mobile: +47 92890041
Office: +47 21013250

20 years relevant work experience in fund management. Albert worked previously for Alfred Berg (1998-2010) as Nordic Head of Fundamental Equity and was a member of the Nordic Executive Committee. He also held positions as Portfolio Manager and analyst in Alfred Berg. He was performance responsible and Portfolio Manager for Nordic Combined (2002-2010), Norwegian Equities (2002-2010) and Danish Equities (2007-2010).

Albert has received several awards: 2010 Lipper 10 Years of Excellence (TE5) for best Norwegian Equities Fund, 2008 Morningstar Award winner (High Conviction), 2002-2009 Nordic Portfolios (low TE) outperformance every year as Portfolio Manager, 2007 High Conviction Fund Gambak won absolute return 1# among 70 Norwegian Funds, 2006 Wall Street recognition 1# (among many) ranked European Funds 1 year and 2005 High Convictions Fund Gambak 1# excess return to benchmark in Norwegian fund universe. Albert is a mechanical engineer GTI graduate from Gothenburg and a BSc. (Hon) from Strathclyde Business School.

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Samuel K. Haile

Head of Operations

Mobile: +47 48403243
Office: +47 21013243

Samuel previously worked for Alfred Berg Kapitalforvaltning AS (2010-2011) within the middle office team. Before that he worked for Orkla Finans as fund manager assistant. He holds a BSc in Finance from the Norwegian School of Management (BI).

Heidi Rønningen

Head of Compliance

Mobile: +47 48403256
Office: +47 21013256

Heidi has previously worked for different companies within the finance sector; for Navigea Securities (2011-2012) as Head of Compliance and Risk Control, for Sector Asset Management as Head of Compliance (2008-2011), for Orkla Finans as Compliance Officer (2003-2008), for DnB Asset Management as Compliance Officer (1998-2003) and before that for Landsbanken as lawyer. She holds a law degree from University of Oslo and an MBA from Norwegian School of Management (BI).


Sales / Business Development

Lisbeth Gyland

CEO

Mobile: +47 4840 3122
Office: +47 2101 3122

Extensive experience from financal markets. CEO at Orkla Finans Fondsforvaltning (2005-2009) and CIO fixed income management (1994-2005). Prior to Orkla with Den norske Creditbank as a broker (1984-1990) Graduated from Bankakdemiet/BI.

Halvor Homme

Partner, Institutional Sales

Mobile: +47 4840 3251
Office: +47 2101 3251

Halvor previously worked for Alfred Berg (2004-2010) as senior advisor to institutional clients. He worked for Industrifinans Aktiv Forvaltning (1994-2002) as Managing Director and Portfolio Manager for discretionary mandates. Halvor has significant experience within banking and finance from 1983 and has held positions as Head of Equites and Fixed Income in Sparebanken Vestfold  and Fixed Income Portfolio Manager for Sparebanken NOR.

He studied Business at the Norwegian School of Management (BI).

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Vegard Gjølme

Partner, Institutional Sales

Mobile: +47 4840 3253
Office: +47 2101 3253

Vegard previously worked for Alfred Berg (2004-2010) as senior advisor to institutional clients. He was risk manager for Sparebank 1 Aktiv Forvaltning (2001-2004) and has also been risk manager for Elcon Securities/First Securities (1998-2001). He has significant experience within asset management from 1991. He holds a business administration degree from Oslo Business School.

Lars Christian Hagen

Partner, Institutional Sales

Mobile: +47 4840 3257
Office: +47 2101 3257

Lars Christian has more than 10 years experience from the finance and investment banking industry. Previously, he worked for Swedbank First Securities as Senior Wealth Manager advising clients within the high net worth individual, family office, corporate and institutional sectors. He holds a Master of Business and Economics degree (Siviløkonom) from the Norwegian School of Management (BI), with specialization in financial economics.

Lars Christian is also an Authorized Financial Advisor (AFR).

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Hebe–Cecilie Nyquist Næss

Investor Relations

Mobile: +47 90 98 30 24

Hebe joined Arctic Asset Management in January 2021. She has more than ten years’ experience working with capitalization of companies, primarily focusing on the credit side. She previously worked as CFO for N2 Applied AS, an early phase AgTech company, HitecVision (2014-2018) and DNB Bank ASA (2008-2014). Hebe holds an MSc Shipping, Trade and Finance from CASS Business School (London, UK), and a BSc Business and Economics from BI Norwegian School of Management (Sandvika, Norway).

Niclas Carlsson

Investor Relations Sweden

Mobile: +46 702 84 54 38
Office: +46 8 446 861 03

In August 2021, Niclas joined Arctic Asset Management in Stockholm. He is responsible for client relationships in Sweden and selected client relationships outside of Sweden. Niclas has 25 years of experience from the financial market, both from Private Banking and Fund Management in Sweden as well as in Switzerland and Luxembourg. Most recently, he comes from Tellus Fonder where he was Head of Sales and Marketing.

Niclas holds a Marketing Management Degree from IHM Business School in Gothenburg.

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Investment Team Oslo

Albert Collett

CIO

Mobile: +47 92890041
Office: +47 21013250

20 years relevant work experience in fund management. Albert worked previously for Alfred Berg (1998-2010) as Nordic Head of Fundamental Equity and was a member of the Nordic Executive Committee. He also held positions as Portfolio Manager and analyst in Alfred Berg. He was performance responsible and Portfolio Manager for Nordic Combined (2002-2010), Norwegian Equities (2002-2010) and Danish Equities (2007-2010).

Albert has received several awards: 2010 Lipper 10 Years of Excellence (TE5) for best Norwegian Equities Fund, 2008 Morningstar Award winner (High Conviction), 2002-2009 Nordic Portfolios (low TE) outperformance every year as Portfolio Manager, 2007 High Conviction Fund Gambak won absolute return 1# among 70 Norwegian Funds, 2006 Wall Street recognition 1# (among many) ranked European Funds 1 year and 2005 High Convictions Fund Gambak 1# excess return to benchmark in Norwegian fund universe. Albert is a mechanical engineer GTI graduate from Gothenburg and a BSc. (Hon) from Strathclyde Business School.

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Alexander Larstedt Lager

Portfolio Manager

Mobile: +47 48403255
Office: +47 21013255

Alexander has a Master’s degree in Economics and Business Administration from the Norwegian School of Economics (NHH), with a major in finance. He previously attended the international IB Programme at St. Olav in Stavanger, and also participated at the 2013 NBIM Summer School. Alexander was appointed Portfolio Manager in the Norwegian Equity Team in January 2017..

Sindre Sørbye

Portfolio Manager (Partner)

Mobile: +47 48403282
Office: +47 21013282

Sindre has experience from financial markets since 1997. Following two years as head analyst at Orkla's treasury department, he joined Orkla's Investment Division (OID) as a investment analyst in 1999. From 2006 he was portfolio manager for OID with focus on Nordic as well as Asian equities. In 2012 Sindre was one of the funding partners of Solsten where he worked as portfolio manager for Solsten's Nordic and Norwegian fund.

In 2016 he joined AAM as a portfolio manager. Sindre had 5 years of industrial experince prior to his career in the financial industry. Sindre holds a MSc in International Business from Manchester Business School as well as an MBM from Norwegian Business School, and he is also an Authorized Portfolio Manager (NHH).

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Tore Mengshoel

Portfolio Manager (Partner)

Mobile: +47 48403232
Office: +47 21013232

Tore has 9 years of experience as portfolio manager with the Orkla Investment Division and spin-off Solsten before coming to Arctic Asset Management in 2016. Prior to Orkla, he worked for 10 years in technology venture investment with Teknoinvest and 4 years with management consultant McKinsey & Co. Tore holds a MSc in Computer Engineering from the Norwegian University of Science and Technology (NTNU) and an MBA from INSEAD.

Ole E. Dahl

Portfolio Manager (Partner)

Mobile: +47 48403241
Office: +47 21013241

Ole has 26 years of experience from domestic and international equity investments as portfolio manager, financial analyst and investment director. In addition, 6 years industrial experience. Has previously worked for Solsten (2012-16) as portfolio manager, Orkla Investment Division (1990-98 and 2003-12) as portfolio manager and investment analyst, Fondsfinans (2001-03) as financial analyst, Avanse Forvaltning (1998-2001) as investment director and portfolio manager and Norsk Hydro (1984-90) as corporate controller and financial manager.

Holds a MSc degree (siviløkonom) from Norwegian School of Economics (NHH).

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Kay-Erik Mamre-Johansen

Portfolio Manager

Mobile: +47 93 89 00 97

Kay-Erik previously worked for Strawberry Capital (2009-2020) as Senior Portfolio Manager. He started as trainee in 2009 before he went on to become an analyst and thereafter portfolio manager. Prior to Strawberry Capital he held an internship position in Arctic Securities in the research department. Kay-Erik has a Master’s degree in Economics and Business Administration from BI Norwegian Business School with a major in finance.

Kay-Erik joined AAM as portfolio manager in the Equity team in 2020.

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Arild Fredrik Huitfeldt

Equity analyst

Mobile: +47 48403249
Office: +47 21013249

Arild previously worked as a financial analyst within merger and acquisitions at Saga Corporate Finance AS (2015). Before that he worked as an auditor at BDO AS (2013-2014). He holds an MSc in Financial Economics from the Norwegian School of Economics (NHH), and a BSc in Business Administration from Trondheim Business School.

Trond Tømmerås

Portfolio Manager (Partner)

Mobile: +47 48403247
Office: +47 21013247

Trond previously worked for Alfred Berg (1998-2010) as Portfolio Manager and head of the Norwegian fixed income team and tactical asset allocation team. He was awarded the Lipper Fund Award in 2007, 2008 and 2009 for the best NOK denominated fixed income fund the last ten years. He worked for Storebrand (1993-1998) as fixed income Portfolio Manager and for Fokus Bank (1989-1993) as fixed income analyst/dealer.

He holds a BSc (Hon) from University of Warwick and M.A. from University of Reading and is also a Certified European Financial Analyst (AFA).

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Cathrine Foyn

Portfolio Manager & Partner

Mobile: +47 48403242
Office: +47 21013242

Cathrine has experience from financial markets since 1991. She has previously worked as Chief Investment Officer at Protector Forsikring (2015-2017). Cathrine has also experience from Arctic Asset Management (2010-2015), Alfred Berg, Braathens Safe, Christiania Fonds and Oslo Stock Exchange. She is educated at BI Norwegian Business School and is an Interest Rate Analyst (NFF..

Vegard Kjølhamar

Analyst / Portfolio Manager

Mobile: 94478954
Office: 22937240

Vegard started in Arctic Asset Management in February 2019. He has previously worked in DNB as a trainee, corporate banking credit analyst and corporate bond credit research analyst (2013-2019). He holds an MBA from the University of Colorado and is a CFA® charterholder..


Investment Team Stockholm

Ulrica Slåne Bjerke

CIO Arctic Aurora LifeScience

Mobile: +46 720 507885
Office: +46 8 44686107

Ulrica has the overall responsibility for Arctic Aurora LifeScience investment portfolio. She has ca 30 years of successful track record as a Portfolio Manager in Health Care and has been a top ranked Health care Analyst for (10 years). Ulrica has an MBASc, CEFA, with a degree from Stockholm School of Economics and Medicine at the Karolinska Institute..

Torbjørn Bjerke

Portfolio Manager Arctic Aurora LifeScience

Mobile: +46 72 050 7884
Office: +46 8 44686108

Mr. Torbjørn Bjerke is a Medical Doctor with the responsibility of scientific, clinical and regulatory due dilligence of new opportunities and portfolio management in Arctic Aurora LifeScience. He has more than 30 years of executive experience within successful drug development and business development/M&A in both public and private science companies. Mr. Bjerke got his doctor degree from the University of Aarhus.

Daniel Bolanowski

Portfolio Manager

Mobile: +46 72 050 7886
Office: +46 8 44686109

Daniel fills the role as an analyst in Arctic Aurora LifeScience with the responsibility of reaserch, value tracking. valuation, opportunity sourcing. He has more than 5 years experience as business analyst and has had several engagements for small biotech/medtech companies.Daniel has a MSc (Biotech) and a MSc (Business/Economics) from the University of Uppsala.

Mark Fabian

Analyst

Mobile: +46720509024
Office: +46844686106

As analyst in team, Mark Fabian’s work focus is company modelling, but also evaluation of products and pipelines in pharma and biotech companies as well as individual companies. Mark has multiple years of experience in drug discovery, pharmaceutical and computational chemistry. Completed internships at Roche, DNB and Amgen Scholars Program. Analyst at Arctic since 2021. Educated at Semmelweis University (PharmD) and Karolinska Institutet (MSc in Bioentrepreneurship).


Operations

Follow up of client needs

Samuel K. Haile

Head of Operations

Mobile: +47 48403243
Office: +47 21013243

Samuel previously worked for Alfred Berg Kapitalforvaltning AS (2010-2011) within the middle office team. Before that he worked for Orkla Finans as fund manager assistant. He holds a BSc in Finance from the Norwegian School of Management (BI).

Jacob Zeno Krøvel

Operations Analyst

Mobile: +47 48403225
Office: +47 21013225

Jacob previously worked as CFO at IBKA/Norsk Gjenvinning and has earlier worked two years at Deloitte. Jacob holds a MSc, Applied Economics & Finance from Copenhagen Business School.

Anders Engebretsen

Operations Analyst

Mobile: +47 94 42 45 80

Anders held three internship positions with Arctic Asset Management before being permanently employed in August 2020. He holds a B.S. in Economics and math from Saint Mary's College of California.   ​.


Board of directors

Board of directors at Arctic Asset Management

Trond Berger

Trond Berger is the Chairman of the Board (COB) in Arctic Asset Management. Berger is the Chief Investment Officer In Blommenholm Industrier, a family office, COB in Yara ASA and COB in Bertil O. Steen Holding. He has been an EVP of Schibsted ASA for more than 20 years and prior to that, an EVP in Nycomed ASA and partner in Arthur Andersen & Co..

Petter Bakken

Petter Bakken is a founding partner of Arctic Securities AS. He was the Head of Corporate Finance in Arctic Securities from 2007-2013. Bakken previously worked with Orkla Finans/SEB Enskilda from 1991-2007, the last 13 years as Head of Corporate Finance in Norway. Before that he worked with SEB in Frankfurt (1987-1991). He has extensive experience from all kind of corporate finance transactions in the Norwegian market, both within M&A and ECM.

Bakken holds a Diplom Kaufmann degree from the Universität Mannheim, Germany (1982-1987).

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Børre Grønningsæter

Grønningsæter holds a degree in Building and Construction from Gothenburg Technical Institute (1991), and a Bachelor degree from Norwegian school of Economics and Business Administration, NHH (1994). He started work as a stockbroker in 1994 for Saga Securities AS in Oslo (now Danske Securities ASA), and became partner in 1995. In 1998 he joined RASMUSSENGRUPPEN AS in Kristiansand as a Portfolio Manager, and has since 2006 held the position as Investment Manager.

Grønningsæter is also the Managing Director of PORTIA AS, a wholly owned subsidiary of RASMUSSENGRUPPEN AS.

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Roar Skuland

Roar Skuland, oncoming CFO in RASMUSSENGRUPPEN AS started as CFO from 1st September 2021. Mr. Skuland previously worked as state authorized public accountant in Deloitte (1986-2021). He became partner in 1993 and managing partner for the region Agder from 1997. He was also a member of the Board of Directors in Deloitte AS for 5 years. As partner in Deloitte, Roar Skuland was involved in delivering audit and advisory services to global companies, listed entities and local entities including several owner managed groups.

Segments served by Roar included entities in shipping, investments, consumer business, public transportation, energy & resources etc.

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Halvor Homme

Halvor previously worked for Alfred Berg (2004-2010) as senior advisor to institutional clients. He worked for Industrifinans Aktiv Forvaltning (1994-2002) as Managing Director and Portfolio Manager for discretionary mandates. Halvor has significant experience within banking and finance from 1983 and has held positions as Head of Equites and Fixed Income in Sparebanken Vestfold  and Fixed Income Portfolio Manager for Sparebanken NOR.

He studied Business at the Norwegian School of Management (BI).

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Contact information

Contact information
Phone:       +47 2101 3100
Sales:         +47 2101 3090
Support:     +47 2101 3091
Mail:           mail.aam@arctic.com
Mailing Address
Arctic Asset Management AS
P.O. Box 1833 Vika
NO-0123 Oslo
Norway
Visiting Address Oslo
Arctic Asset Management
Haakon VII’s gt. 5
Oslo, Norway
Visiting Address Stockholm
Arctic Asset Management
Regeringsgatan 38
Stockholm, Sweden

Guidelines for Responsible Investments


Engagement and exercise of voting rights


Compliance

Arctic Asset Management is authorized as an investment firm and is under supervision by the Norwegian Financial Supervisory Authority. The Compliance department seeks to ensure that the company conducts its activities in accordance with applicable laws and standards.

Heidi Rønningen

Head of Compliance

Mobile: +47 48403256
Office: +47 21013256

Heidi has previously worked for different companies within the finance sector; for Navigea Securities (2011-2012) as Head of Compliance and Risk Control, for Sector Asset Management as Head of Compliance (2008-2011), for Orkla Finans as Compliance Officer (2003-2008), for DnB Asset Management as Compliance Officer (1998-2003) and before that for Landsbanken as lawyer. She holds a law degree from University of Oslo and an MBA from Norwegian School of Management (BI).


General client information

General business terms and conditions

Please find below the terms and documents that apply for our services

Main brokers for order execution

Personal data policy - Arctic Group

Please contact us on dataprotection.aam@arctic.com if you have any questions concerning our data processing or Personal Data Policy

Business Continuity Disclosure

Follow the link below for Arctic Asset Management’s business continuity disclosure

Capital adequacy

Licenses

Please see below for information on the licences Arctic Asset Management and its subsidiaries hold.

Norway 
Arctic Asset Management AS is registered in the Norwegian registry of business enterprises under registration no. 995 629 070. Arctic Asset Management AS is under supervision by the Norwegian Financial Supervisory Authority.

Please see the Norwegian Financial Supervisory Authority for our regulatory status: Finanstilsynet's registry 

Sweden 
Arctic Asset Management AS is represented in Stockholm through its branch “Arctic Asset Management AS, Stockholm Filial”, org.no. 516410-5198, Regeringsgatan 38, 111 56 Stockholm, Sweden. The branch is under supervision by the Norwegian and Swedish Financial Supervisory Authority. 

Complaints

All complaints must bed in writing and forwarded by e-mail to compliance.aam@arctic.com or by mail to the following address:

Arctic Asset Manamgement
AS Att.: Compliance
P.O. Box 1833
VIKA 0123 Oslo


Disclaimer Web

The contents of these web pages are solely a source of information from Arctic Asset Management AS. Users of these web pages should not base themselves exclusively on this information, but should always seek professional personal advice. Acts of accessing and downloading information from our web pages do not establish any client relationship with our company. Arctic Asset Management AS endeavours continuously update this site, but has no responsibility or liability for information that may prove to be insufficient or incorrect.

The contents and layout of these web pages are protected by copyright. Reproduction of, or modifications to, information or data content, including, but not limited to, text, graphics, pictures and sound files, requires the prior written approval of Arctic Asset Management AS.

Unauthorized use of Arctic Asset Management AS’s web site and systems, including, but not limited to, unauthorized entry into Arctic Asset Management AS’s systems, misuse of passwords or misuse of any other information, is strictly prohibited. Arctic Asset Management AS reserves the right to change these web pages without prior notice and users are required to ensure that they review the content of the website on a regular basis to become informed of the latest changes thereto.

Arctic Asset Management AS will not be responsible for any loss or damage, direct or indirect, incurred by the user, as a result of said user’s access to this website, or any associated web pages or linked documents, whether or not the circumstances giving rise to such cause may have been within the control of Arctic Asset Management AS or of any vendor providing software or services. This includes, but is not limited to, the transmission of viruses, failure of communication lines, theft or force majeure.

The information and services provided on this web site may not be available in all jurisdictions or to all clients.