DnB NOR
The hedge fund operations of DnB NOR Asset Management (DNAM) have evolved in a somewhat different way from other alternative investment managers in Scandinavia. Although DNAM is an integral arm of Oslo-based DnB NOR, Norway’s largest financial services group with assets of NOK 2.1 trillion ($365 billion), its hedge fund activities are split between Oslo and Stockholm. Since it started managing funds of hedge funds (FoHFs) in 2002, DNAM’s hedge fund assets have climbed to approximately $1 billion. Whereas this volume of capital may not be regarded as huge in terms of the global FoHF industry, it nevertheless defines DNAM as one of the leading Scandinavian FoHF providers.
DNAM runs three multi-strategy and one credit-oriented FoHF products including DnB NOR Prisma, DnB NOR A.R.T., DnB...