- Advertisement -

Related

Borea Adds Distribution Veteran After Topping €1 Billion

- Advertisement -

Following its acquisition by Norway’s second-largest banking partnership, Norwegian fund boutique Borea Asset Management has been expanding not only its fund range and assets under management, but also its team. Having surpassed €1 billion in assets under management, Borea recently strengthened its distribution capabilities with the appointment of Bjørn Matre, who brings more than 19 years of experience in a similar role at Holberg Fondene.

“In April, we had the pleasure of finally welcoming Bjørn Matre to the Borea team,” announces the team at Borea Asset Management. Matre joins from Holberg Fondene, where he spent 17 years leading distribution efforts in Norway, following two years as a senior investment advisor for institutional clients. Before entering the fund management industry, he gained experience in the pharmaceutical and energy sectors.

The acquisition of Borea Asset Management by Frendegruppen – a consortium of independent banks – was intended to leverage Frendegruppen’s broad distribution network. Borea’s new majority owner, Norway’s second-largest banking partnership with approximately 800,000 customers, provides the boutique fund manager with significant opportunities for continued growth.

At the time of the acquisition announcement in mid-2024, Borea Asset Management managed just over NOK 10 billion (approximately €900 million) across one equity fund and four fixed income-focused funds. Since then, the firm has launched three additional funds tailored to the needs of Frendegruppen’s clients. Borea now oversees NOK 12.7 billion (approximately €1.1 billion) in assets under management across eight funds. Its special funds – comprising one equity and three fixed-income funds – continue to represent the majority of the asset base. 

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

HSBC’s Three Decades of Building Hedge Fund Portfolios

Hedge fund investing has become increasingly institutionalized and resource-intensive, requiring access to specialized managers alongside deep due diligence, portfolio construction, risk management, and ongoing...

The Benefits of Multi-Manager Portfolios in CTA Investing

At first glance, CTA investing can appear deceptively homogeneous. Many managers trade the same liquid futures markets and rely on systematic, trendfollowing models that...

Why Some Nordic Allocators Prefer Multi-Strategy Hedge Funds

Many institutional allocators spend years building portfolios of single-strategy hedge funds across different asset classes, geographies, and investment styles. Yet there is also a...

Allocators Seek Sharpe, Not Spectacle When Opting for Multi Managers

Global allocators are once again paying closer attention to multi-strategy and multi-manager hedge fund solutions. But unlike the years before the financial crisis, the...

Swiss Family Office Seeks $5 Million Allocation to Liquid Alternatives

A Swiss family office is seeking to allocate $5 million to liquid alternative investment strategies, including hedge funds, managed futures, commodities, and funds providing...

OP’s R2 Crystal Sees Stronger Case for Hedge Funds

For much of the past decade, hedge funds struggled to compete against strong beta-driven markets fueled by ultra-low interest rates and abundant liquidity. But...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -