Tiger-backed former Norges Bank team get going with new global macro venture at Trient
Mon Oct 22, 2012
Oslo-based macro asset management firm puts the former heads of investment management at the world’s largest sovereign wealth fund in partnership with Julian Robertson’s legendary Tiger Management. Pirkko Juntunen reports
Knut Kjaer needs little introduction in the investment world. He was instrumental in implementing the pioneering investment management operations of Norway’s vast and hugely respected sovereign wealth fund – which is managed by Norges Bank Investment Management (NBIM), where Kjaer served as CEO from its inception in 1997 until 2008.
Now Kjaer and four founding partners are starting to manage external client money at Trient Asset Management, an Oslo-based global macro hedge fund that is backed by Tiger Management – putting the team in partnership with Julian Robertson, another revered figure in the world of international investing.
Trient is rolling out its new fund at a time of extreme opportunity and challenge in the global macro sphere, with market and investor sentiment constantly changing between fear and hope and with managers having to contend with the oscillating risk-on/risk-off environment.
But the Trient principals believe the unsettled backdrop...
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