- Advertisement -
- Advertisement -

CARN Co-Founder Leaves

- 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

Case Hedgefond Building Stability and Momentum

Stockholm (HedgeNordic) – Case Hedgefond, once a billion-dollar fund in the Nordic hedge fund industry, has undergone a restructuring process since being taken over...

Global Assets Founder Shifts Focus

Stockholm (HedgeNordic) – Lars Semb Maalen-Johansen, the responsible fund manager of Global Assets Dynamic under the umbrella of Global Assets, is bidding farewell to...

Ex-QQM Duo Unveils Funds Under Meriti Umbrella

Stockholm (HedgeNordic) – Ola Björkmo and Jonas Sandefeldt, known for developing the systematic market-neutral strategy behind QQM Equity Hedge, are spearheading the launch of...

Trend-Following and Long/Short Quality: Attack Wins You Games, Defence Wins You Titles

By Yash Panjabi and Graham Robertson – Man AHL: How can we protect against sharper, faster sell-offs? Or, better yet, how can we profit...

Asilo Argo’s Strong November Rally

Stockholm (HedgeNordic) – Despite enduring three straight losing months since August in tandem with broader stock markets, Asilo Argo is currently enjoying one of...

OQAM’s New Stand-Alone Fund Takes Shape

Stockholm (HedgeNordic) – Malmö-based asset management firm OQAM made a strategic shift by winding down its multi-strategy hedge fund, ia, in late 2022. The...

Allocator Interviews

Latest Articles

Man Institute Insights


Request for Proposal

- Advertisement -