CARN Keeps Growing


Stockholm (HedgeNordic) – The coronavirus pandemic might have changed the fate of some hedge funds for the worst, as the March market meltdown caused large losses and sent assets under management dwindling. Some hedge funds have not only survived the coronavirus pandemic, but they are also thriving by attracting fresh capital and actively hiring in the post-COVID world. After hiring Melanie Brooks from Norges Bank Investment Management (NBIM) a few months ago, Norwegian hedge fund manager CARN Capital has just announced the appointment of Erik Haukaa (pictured) as Head of Investor Relations.

“We are really happy and proud to announce that Erik Haukaa started at CARN,” writes an announcement by CARN Capital. “CARN’s good performance over many years (15.3 percent annualized return in the last five years) has caused great interest in our fund. With our new talented team member, we will strengthen our ability to serve both new and existing clients.” Haukaa started his career in the research department of East Capital in Stockholm in 2008, where he focused on macro, market and company research. He relocated to East Capital’s Oslo office in 2010 to focus on investor relations, becoming the Head of the group’s Oslo Office in 2012.

“I am very happy to announce that I’ve joined the super-talented team at CARN Capital, where I will be responsible for investor relations,” Haukaa writes in a LinkedIn post. “The Nordic markets have a lot going for them, but of particular interest is the innovation driving us towards a more sustainable future,” he continues. “Nordic companies are leaders in terms of sustainability – and we are seeing more and more of these companies going public. Sustainable development and innovation produce long-term growth we think investors should be exposed to.”

CARN Capital’s long/short fundamental equity fund, CARN Long Short, seeks to invest in companies with strong economic characteristics and sustainable business models. The long/short equity fund managed by a team led by CIO Christer Bjørndal out of Oslo returned 28.5 year-to-date through the end of September after gaining 22.7 percent last year. The fund currently ranks among this year’s top ten best-performing hedge funds in the Nordics. CARN Long Short has delivered an annualized return of 15.3 percent since launching in late 2015.


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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

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