Skip to content

Categories: real estate

“We have experienced solid inflows across the board, validating the strategic investments we have made in our multi-boutique model, allowing us to respond adeptly to our clients’ evolving needs” - Jan Erik Saugestad CEO Storebrand Asset Management.

Storebrand Asset Management Q3 2024 business update

Storebrand Asset Management recognized net revenue of NOK 733 million for the third quarter of 2024, including net performance revenues. Positive inflow and strong markets contributed to an increase in AuM. In total, AuM increased to an all-time high of NOK 1 347 billion.

"The first quarter of 2022 was dominated by the war in Ukraine, with tragic scenes of suffering and loss incurred by victims.", Jan Erik Saugestad, CEO Storebrand Asset Management.  Photo Moen, Kristian Skalland

Storebrand Asset Management announces first quarter 2022 business update

Storebrand Asset Management generated net revenues of NOK 470 million in the first quarter of 2022, ending the period with NOK 1040 billion in Assets under Management (AuM). The quarter was marked by extreme market volatility as a fallout of the Russian invasion of Ukraine, which drove significant macroeconomic shifts, a rise in geopolitical tensions and a new regime of sanctions.

Q2 - Assets under Management exceeds 1 000 billion NOK

Q2 - Assets under Management exceeds 1 000 billion NOK

The strong growth in Assets under Management (AuM) continues with an increase of NOK 50bn in the second quarter. Total AuM as of Q2 amounts to NOK 1.037bn, a growth of NOK 157bn, 18% year on year.

Truls Nergaard, Head of Nordic Real Estate, Storebrand Asset Management & Jan Erik Saugestad, CEO Storebrand Asset Management.

​Storebrand Asset Management launches a sustainable Nordic Real Estate Fund

The Nordic countries have outperformed European GDP growth over the last 20 years, while at the same time had 16% of the property transaction volume. Going forward the outlook for the Nordic market looks promising speaking in continued favor for the Nordic region. The new fund focuses on income producing sustainable assets, weighted towards the home markets of Norway and Sweden.

Jan Erik Saugestad, CEO of Storebrand Asset Management "We are delighted to be working with the East Sussex Pension Fund, who share our urgency to tackle climate risk and shift investments in the right direction".

​Storebrand wins £400 million climate mandate from East Sussex Pension Fund

– First UK pension fund client selects Storebrand Global ESG Plus strategy – Significant move for LGPS scheme to add a green revenue tilted fossil-free fund in its passive portfolio – Storebrand is delighted to announce that it has been awarded its first major UK pension fund mandate following a £400 million investment by the East Sussex Pension Fund (ESPF).

"Only forty percent of the global $14tn in alternatives industry AUM is managed by ESG-committed firms. A number we wish to contribute to increasing", Says Jan Erik Saugestad, CEO Storebrand Asset Management.

Strengthened alternative investment commitment to the European market

Storebrand Asset Management is proud to announce that the membership request for Storebrand Alternative Investments S.A. SICAV-RAIF has been approved by ALFI Board of Directors. - By adding alternatives to our ALFI membershipwe once again show our commitment to international clients with interest in sustainable investment strategies.

Storebrand

Visit our other newsrooms