- Advertisement -
- Advertisement -

Related

CARN Co-Founder Leaves

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Christer Bjørndal has left his role as portfolio manager at the Oslo-based asset management boutique he co-founded with Andreas Bomann-Larsen in 2015. Bomann-Larsen will remain the sole portfolio manager of CARN Capital’s long/short equity fund CARN Latitude and long-only equity fund CARN Longitude.

“Christer Bjørndal left the company at the end of the year. We are thankful for his contributions to the company, and we wish him all the best in his next chapter of his career,” says a monthly letter penned by Andreas Bomann-Larsen. “Christer will remain a central owner in the management company and stay significantly invested in our funds,” according to Bomann-Larsen.

“We are thankful for his contributions to the company, and we wish him all the best in his next chapter of his career.”

Following his departure from CARN Capital, Bjørndal started paving the way for a new venture in the asset management industry. Bjørndal started his career at Norges Bank Investment Management, which oversees Norway’s sovereign wealth fund – the Norwegian Oil Fund, in 2007. He served as a portfolio manager responsible for a global equity portfolio for a little less than nine years until he co-founded CARN Capital in mid-2015.

At CARN Capital, Bjørndal managed the asset manager’s long/short equity fund since its launch in late 2015, and its long-only carve-out vehicle launched in late 2020. CARN Latitude has generated an annualized return of 8.8 percent since its inception through the end of 2022. The long/short equity fund has predominantly maintained a net market exposure in the range of 60-80 percent with overweight in small-cap stocks, particularly Swedish small-caps. This exposure proved costly for CARN Latitude in 2022, as Swedish small-caps were down 31 percent in Norwegian krone during the course of 2022. CARN Latitude ended 2022 with a decline of 16.8 percent.

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

Statistical Outlier Year for HCP Black

When HedgeNordic spoke with Tommi Kemppainen in early 2019, the CEO of Helsinki Capital Partners outlined a defensive positioning for the multi-strategy fund HCP...

Nordea Adds Systematic Fixed Income Expertise

Nordea Asset Management (NAM) has strengthened its data-driven investment capabilities with the addition of two London-based professionals, Lucette Yvernault and Marton Huebler, marking the...

From Short-Term Opportunity to Long-Term Outperformance

Borea Utbytte, a banking sector-focused equity fund under Norwegian boutique Borea Asset Management, celebrated its five-year anniversary at the turn of September to October....

Record Month for Tidan in Priced-to-Perfection Credit Market

Tidan Fund, a Stockholm-based hedge fund specialising in opportunities across corporate capital structures, marked its four-year anniversary in September with its strongest month on...

Zetterquist Leads Antiloop’s Reset as Cygnus and Atlas Gain Momentum

After helping build and later steer the operations of fund boutique Norron, first as COO and then as CEO, Alexander Zetterquist is embarking on...

From Running Laps to Running Capital: Ex-Taiga Analyst at DNB

After nine years as an analyst at equity long/short hedge fund Taiga Fund, Øystein Kvaerner has joined DNB Asset Management to launch a new...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.