Oslo-headquartered investment firm DNB Asset Management has received the green light of French financial markets regulator AMF for the distribution of two strategies in France, InvestmentEurope has learned.
The DNB Fund – Technology and the DNB Fund – TMT Absolute Return, both domiciled in Luxembourg, have been approved for marketing towards French investors on 18 April 2018.
The former, carrying a long-only strategy profile, invests in stocks of the telecom, media and technology sectors and its stock selection process relies on four pillars : theme (long-term trends identified in the TMT sector), value creation, valuation and momentum. Launched in August 2007, it had €455.74 of assets under management as of end-March 2018.
Since inception in October 2010, the DNB Fund – TMT Absolute Return takes long and short positions in TMT stocks globally. DNB’s portfolio management team analyses equities that appear most likely to rise in value and which appear most likely to fall. This results in taking long positions on the former and short positions (using derivatives) on the latter. It had €383.78m in AUM as of end of March 2018.
Lead portfolio manager on both funds is Anders Tandberg-Johansen, alongside Erling Thune, Sverre Bergland and Erling Kise.
DNB Asset Management tallies 75 portfolio managers and analysts with more than €61bn in assets under management.