- Advertisement -

Related

Norwegian Long/Short Value Fund Joins the NHX

- Advertisement -

Stockholm (HedgeNordic) – Oslo-based CARN Capital’s concentrated long/short equity fund has now joined the Nordic Hedge Index. Managed by Andreas Bomann-Larsen and Christer Bjørndal, CARN Long Short employs a long/short strategy that relies on disciplined stock picking within European equity markets, with a focus on the Nordics.

Assisted by senior analyst Harald Havnen, the two founders and portfolio managers rely on fundamental analysis to build a concentrated portfolio of under-researched and mispriced high-quality businesses. CARN Long Short is managed using the discipline of value investing, with the team putting a strong focus on both fundamental analysis and valuation to avoid overpaying for securities. The team at CARN Capital aims to invest in securities trading at cheap or moderate prices relative to underlying earnings, cash flows, and assets. CARN Long Short also maintains a portfolio of short positions in companies judged to be overvalued.

“At CARN, we spend most of our time analyzing companies with limited research coverage where we have a competitive edge due to our expertise, size, and focus,” Bjørndal tells HedgeNordic. In addition to putting a strong emphasis on fundamental analysis and valuation, CARN Long Short is an early advocate for sustainable investing in the Nordic hedge fund industry. “CARN is a long term investor that integrates sustainability analysis into the decision-making process,” says Bjørndal. “We invest in sustainable companies and assess how these companies impact the environment and society as part of our fundamental research process,” he adds.

CARN Long Short earned an annualized return of around 10 percent since Andreas Bomann-Larsen and Christer Bjørndal started implementing the strategy in November 2015 as part of an “aksjeselskap,” usually called AS. The strategy has been run in a UCITS-compliant vehicle domiciled in Luxembourg since November 2016. CARN Long Short gained 10.1 percent in the first five months of 2019, rounding up this year’s list of 20 best performing members of the Nordic Hedge Index.

 

Welcome to the Nordic Hedge Index!

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

More Unknowns, More Dispersion in Private Equity

Private credit managers with exposure to software companies recently faced investor withdrawals as concerns mounted over how artificial intelligence could disrupt parts of the...

Private Equity No Longer Optional as Value Creation Moves Behind Closed Doors

As businesses stay private for longer, an increasing share of value creation now happens away from public exchanges, forcing investors to rethink where they...

A Decade of Thematic Private Equity: Summa Equity Sees Stronger Tailwinds Than Ever

While parts of the private equity industry have faced a challenging dealmaking environment in recent years, Nordic mid-market buyout manager Summa Equity has navigated...

Direct Lending Goes Through First Proper Credit Cycle 

After years of explosive growth and strong returns, private credit is facing its first meaningful stress test, particularly within direct lending, which has become...

Beyond Traditional Fixed Income: Why Aegon AM Sees Opportunity Across ABS and CLO Markets

Every day, households borrow money to buy homes, finance cars, pay for education, or fund everyday consumption. These mortgages, auto loans, consumer loans, and...

Financing the Energy Buildout: The Growing Role of Infrastructure Credit

Infrastructure has traditionally been viewed as one of the more defensive corners of private markets, characterized by essential services, stable cash flows, and hard-asset...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -