ABOUT US

Arctic Fund Management AS is an independent Norwegian investment manager established in 2010. The company is part of the Arctic Group headquartered in Oslo along with one investment team located in Stockholm.

Arctic Fund Management AS ("AFM") is an independent Norwegian investment manager established and owned by its employees, Arctic Partners and RASMUSSENGRUPPEN. AFM 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). AFM is a fundamentally-driven asset manager, and our active management is based on expertise and methodological analysis of markets, sectors and companies. Our managers have delivered very good historical returns in all asset classes that we manage and have extensive experience from stock and fixed income markets. In total AFM has 25 employees and all work exclusively in asset management roles, while we have outsourced administrative services, mainly to other companies in the Arctic group. In total some 225 people worked in the Arctic group at the end of 2017.

AFM was founded on 8 June 2010 and started its business as Investment Manager for Arctic Funds Plc from 15 November 2010. Assets under management in the form of subscriptions to mutual funds and held in discretionary portfolios totaled some NOK 14,5 billion as of August 2018. Of this, the management of fixed income funds and discretionary fixed income portfolios amounted to NOK 4 billion, while equity funds and discretionary equity portfolios represent over NOK 10 billion of total assets.

AFM manages the fixed income mutual funds Arctic Investment Grade, Arctic Return and Arctic High Return. In the equity space AFM manages Arctic Norwegian Equities, Arctic Norwegian Equities II, Arctic Nordic Equities, Arctic Global Equities and Arctic Aurora LifeScience.

Long relationships with both customers and employees support AFM's ambition of building a stable and successful asset management business. AFM aims to become one of Norway's leading asset managers for both institutions and wealthy individuals.

Feel free to contact us

Department mail

Contact information

Mailing Address:
Arctic Fund Management AS
P.O. Box 1833 Vika
NO-0123 Oslo
Norway

Visiting Address:
Arctic Fund Management
Haakon VII’s gt. 5
Oslo, Norway

Contact information:
Phone:       +47 2101 3100
Sales:         +47 2101 3090
Support:     +47 2101 3091
Mail:           mail.afm@arctic.com

 


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: 92890041
Office: 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: 48403243
Office: 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: 48403256
Office: 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).


Board of directors

Board of directors Arctic Fund Management and Arctic Asset Management

Atle Degré

Chairman

Atle Degré is a Candidate in Jurisprudence from the University of Oslo (1991). He practices as lawyer and partner in KLUGE, advokatfirma DA, specialized in capital markeds and securities law, transactions and company law. Before joining KLUGE, he was general counsel, Senior Vice President and head of the legal and listings department of Oslo Børs ASA and Oslo Børs VPS Holding ASA (2000-2010), where he first practiced as a lawyer (1995-2000).

Previously he held positions as a deputy judge and acting judge in Lofoten Municipality Court (1993-94) and the Ministry of Finance (1992). Degré has served as chairman of the Norwegian Corporate Governance Board, as a board member of Oslo Clearing ASA and has been appointed to several official committees preparing legislation in the field of securities law.

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Børre Grønningsæter

Board Member

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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Stein Vidar Håland

Board Member

Stein Vidar Håland graduated from the Norwegian School of Economics and Business Administration (NHH) in 1974. In 1976 he joined the RASMUSSENGRUPPEN AS and is the CFO of the company..

Petter Bakken

Board Member

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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Kjetil Bakken

Board Member

Kjetil joined Arctic in 2007. He previously worked as Associate Director in UBS Corporate Finance, London, focusing on Nordic financial institutions (2005-2007) and as an Analyst in Corporate Finance with Deutsche Bank in London (2002-2005). He holds an MA in Business & Finance from The University of Edinburgh..


Compliance

Arctic Fund 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: 48403256
Office: 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).


Top 5 order transmission


Personal Data Policy

Personal Data Policy Arctic Group

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


Complaints

All complaints must be in writing and forwarded by e-mail to compliance.afm@arctic.com or by mail to

Arctic Fund Management AS
Att.: Compliance
P.O. Box 1833 VIKA
0123 Oslo

General business terms and conditions

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


Licenses

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

Norway 
Arctic Fund Management AS is registered in the Norwegian registry of business enterprises under registration no. 995 629 070. Arctic Fund 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 Fund Management AS is represented in Stockholm through its branch “Arctic Fund Management AS, Stockholm Filial”, org.no. 516410-5198, Biblioteksgatan 8, 3 tr, 111 46 Stockholm, Sweden. The branch is under supervision by the Norwegian and Swedish Financial Supervisory Authority. 

 


Capital adequacy


Disclaimer Web

The contents of these web pages are solely a source of information from Arctic Fund 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 Fund 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 Fund Management AS.

Unauthorized use of Arctic Fund Management AS’s web site and systems, including, but not limited to, unauthorized entry into Arctic Fund Management AS’s systems, misuse of passwords or misuse of any other information, is strictly prohibited. Arctic Fund 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 Fund 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 Fund 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.