- Advertisement -
- Advertisement -

Yngve Slyngstad to Head Aker Asset Management

- Advertisement -

Stockholm (HedgeNordic) – Norwegian conglomerate Aker ASA has appointed Yngve Slyngstad as CEO and senior partner of its newly-created asset management arm, Aker Asset Management (AAM). Norges Bank Investment Management’s former CEO will assume the new position on March 1 next year, embarking on a journey to build, develop and take Aker’s asset management arm on par with its industrial holdings.

Aker and its portfolio company Aker Horizons, a growth platform for technology and knowledge-based enterprises with a positive environmental impact, “have worked together to develop opportunities within active asset management and have made great strides in a short period of time,” commented Aker’s CEO, Øyvind Eriksen, and Aker Horizons’ CEO, Kristian Røkke, in a joint statement. “To succeed, a skilled leader is needed. Yngve Slyngstad is a leading expert in active asset management, with an impressive track record,” the statement continues. “We are pleased that Yngve has agreed to take the helm of the new business area in its entirety, and we are inspired by his ambitions.”

“We are pleased that Yngve has agreed to take the helm of the new business area in its entirety, and we are inspired by his ambitions.”

Aker’s active asset management arm was launched as a new business area in early November, with Yngve Slyngstad tasked to mobilize private capital to invest in businesses and projects both within and beyond Aker’s sphere. The new asset management firm, which has Aker ASA as majority owner, key people as co-owners and Slyngstad as a minority owner with a five percent shareholding, will invest in companies through private equity firm OrbeNovo, venture capital companies Clara Venture Labs and Axis, and start-up investor RunwayFBU. Slyngstad, who was responsible for managing Norway’s Government Pension Fund Global – the world’s largest sovereign wealth fund – from 2008 until 2020, and his team at Aker Asset Management will aim to establish funds dedicated to infrastructure and the energy transition totaling €100 billion.

“In the years to come, good returns for investors will primarily be generated by bringing financial capital closer to industrial expertise. The ability to deliver high, long-term returns through asset management is strengthened by having an industrial knowledge base,” comments Yngve Slyngstad. “Through its companies, Aker represents Norway’s largest and most significant industrial knowledge environment. I look forward to leading the work of building and developing AAM to become a global organization that delivers investment strategies based on deep industrial insight.”

“I look forward to leading the work of building and developing AAM to become a global organization that delivers investment strategies based on deep industrial insight.”

“We are facing an energy transition that presents enormous investment opportunities. Realizing big projects that can accelerate the transition to a net-zero society requires that leading industrial companies and major global investors come together,” adds Slyngstad. “This is why AAM is ideally positioned to make a difference. The goal is to establish funds totalling 100 billion euros that will invest in profitable climate solutions that create value. Green energy, green industry and green cities will be our prioritized investment areas.”

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

Salkovic Named Co-Manager of Sweden’s Largest Tech Fund

Stockholm (HedgeNordic) – Swedbank Robur has appointed Nejla-Selma Salkovic as the co-manager of Swedbank Robur Technology, alongside Christian Blink, who is the responsible portfolio...

Best-Ever Start to the Year for Nordic Hedge Funds

Stockholm (HedgeNordic) – The Nordic hedge fund industry, as indicated by the Nordic Hedge Index, has kicked off the year with its strongest performance...

“This is a Bear Market Rally”

Stockholm (HedgeNordic) – Broad stock markets have staged a solid recovery since the bear-market low of mid-October 2022. Despite the passage of nearly one...

Nasdaq Introduces Futures Tied to Swedish Small-Cap Index

Stockholm (HedgeNordic) – Nasdaq has rolled out futures linked to the OMX Sweden Small Cap 30 ESG Responsible Index. This index, and by extension,...

Norselab’s Credit Arm Eyes AUM Doubling with New Hire

Stockholm (HedgeNordic) – Norselab’s credit arm, which has grown to NOK 2.7 billion in assets under management within just 18 months since its inception,...

Nykredit’s Former Fixed Income Head to Join HP Fonds

Stockholm (HedgeNordic) – After departing from his role as Head of Fixed Income at Nykredit Asset Management six months ago, Henrik Jørgensen will be...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets

Voices

Request for Proposal

- Advertisement -