Stockholm (HedgeNordic) – Norwegian asset manager CARN Capital is expanding its investment team with the hiring of Melanie Brooks (pictured), who most recently worked as Head of ESG Risk Monitoring at Norges Bank Investment Management (NBIM). Brooks will be joining the team at Oslo-based CARN Capital in September.
CARN Capital manages long/short fundamental equity fund CARN Long Short, which seeks to invest in companies with strong economic characteristics and sustainable business models that align with solving the Sustainable Development Goals. “There are two things we want to be good at in CARN; fundamental equity analysis and sustainability analysis. We believe that goes hand in hand. Melanie will further strengthen our team in both areas,” CARN Capital writes in an announcement on LinkedIn.
Melanie Brooks has an extensive background in both sustainability and investments. Brooks has been working at NBIM since 2015 in Oslo and New York. Before NBIM, she led the work with responsible investment at Folketrygdfondet in Oslo. She also helped start NORSIF, the Norwegian Forum for Responsible and Sustainable Investments. Brooks entered the field of sustainable finance in 2009 at Société Générale in Paris.
“I have resigned from NBIM and will be joining the CARN team in September,” Brooks writes in a LinkedIn post. “While it’s always hard to leave a job and especially the amazing colleagues I’ve had the pleasure of working with at NBIM, I am also so incredibly excited for this new opportunity to learn, grow and contribute to something I really believe in at CARN,” she continues.
CARN Long Short is currently managed by founding partner and CIO Christer Bjørndal, founding partner Andreas Bomann-Larsen, senior analyst Harald Havnen and sustainability analyst Jon Audun Kvalbein. Last week, the long/short fundamental equity fund managed out of Oslo was named the “Best sub-$100m hedge fund” at the Hedge Funds Review European Performance Awards 2020.