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Bjørndal’s New Venture Unveils Discovery Fund

Report: Systematic Strategies

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Stockholm (HedgeNordic) – In 2022, Christer Bjørndal departed the Oslo-based asset management boutique he co-founded to start a new venture in the asset management industry, TIND Asset Management. Co-founded with two former colleagues from Norges Bank Investment Management, TIND Asset Management has unveiled its inaugural fund called TIND Discovery Fund. The fund will run a concentrated long-biased portfolio of small- and mid-cap investments.

“Excited to launch a new fund with truly great partners today. Looking forward to the journey,” announces Christer Bjørndal, who serves as a partner and CEO of TIND Asset Management. He started his career at Norges Bank Investment Management (NBIM) in 2007 before co-founding 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.

“Excited to launch a new fund with truly great partners today. Looking forward to the journey.”

TIND Asset Management was co-founded by three former colleagues at NBIM, Christer Bjørndal as CEO, Harald Hjorthen as CIO, and Jon Håkon Findreng as Portfolio Manager. The founding team was joined by the inaugural CEO of NBIM, Knut Kjaer, as Partner and Chairman, and former NBIM CIO, Øyvind Schanke, contributing as an independent board member. “Today is a big milestone for us at TIND Asset Management. We have launched our fund, TIND Discovery,” announces the team at TIND. “A warm welcome to all of our Day 1 investors.” The partners of TIND are investing about $30 million in the same share class as the fund’s day-one investors.

“We run a concentrated long-biased portfolio of high-conviction small- and mid-cap investments, based on fundamental research.”

Under the stewardship of the firm’s CIO, Harald Hjorthen, TIND Discovery Fund employs a time-tested investment strategy Hjorthen has been running since 2016. “We run a concentrated long-biased portfolio of high-conviction small- and mid-cap investments, based on fundamental research,” the team at TIND explains the investment approach. Hjorthen, who has a background as a portfolio manager at Norway’s sovereign wealth fund, has spent the past few years running his own investment firm to invest across the Nordic region with an emphasis on small and medium-sized companies. He also worked as a global equity analyst at a global macro hedge fund under the umbrella of Trient Asset Management between 2014 and 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 eugene@hedgenordic.com

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