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UK NEXT: CEO of Storebrand Asset Management, Jan Erik Saugestad.
19-03-2019 11:30 CET
Storebrand enters the UK: Norway’slargest private asset manager to providesustainable investment strategies
Storebrand is pleased to announce the UK launch of its leading sustainableinvestment solutions with the introduction of two leading strategies,Storebrand Global Multifactor and Storebrand Global ESG Plus, to eligibleinvestors.
With £64 billion 1 assets under management, Storebrand Group is Norway'slargest private asset manager and a leading Nordic provider of sustainable
pensions and savings. The company has been a global pioneer in ESGinvesting for over 20 years, offering broad and scalable solutions for bothinstitutional and private investors in Norway and Sweden. Storebrand deliverssustainable investment solutions and client value through a multi-boutiqueplatform, with the brands Storebrand Funds, SKAGEN Funds and DelphiFunds, in addition to SPP Funds in Sweden.
As part of Storebrand Asset Management, SKAGEN continues to operate as anindependent fund manager and is now able to distribute a number ofStorebrand’s innovative strategies in the UK, alongside its own activelymanaged equity products.
– Sustainable solutions are more attractive than ever and demand acrossEurope is increasing rapidly. Our expertise in sustainability, smart beta,sustainable index and specialist active products means that we have a uniqueoffering and through our multi-boutique platform we are well positioned toprovide our solutions to a broader market, Jan Erik Saugestad, CEO ofStorebrand Asset Management, said.
Nordic Sustainability pioneersStorebrand was the first Norwegian company to establish a dedicatedsustainable investment department in 1995 and has one of the mostexperienced ESG teams in the Nordic region. Its group-wide sustainableinvestment policy, which applies to all assets under management, is built onover twenty years’ experience and based on three pillars: Exclusions,Integration and Active Ownership. Each method is applied in differentcircumstances and provides alternative investment outcomes. We believe thefull potential of a sustainable investment strategy is only realised whenapplying the approaches together.
Storebrand’s exclusion policy – the Storebrand Standard – prohibits anyinvestment in companies involved in tobacco or weapons, contributingextensively to climate change or with significant revenue from unsustainableproducts (e.g. coal, oil sands, palm oil) or those that violate internationallaws, conventions and human rights.
Storebrand’s proprietary Sustainability Rating system evaluates over 3,000companies on their ESG risks and opportunities aligned with the UN’sSustainable Development Goals. This analysis is then systematicallyintegrated into the investment processes used by portfolio managers to
support their decision-making.
Storebrand uses its scale to engage in direct dialogue with companies, oftenin cooperation with other investors to increase our influence. Examples ofsuch cooperation are PRI with Climate Action 100+, PRI CollaborativeEngagement on Methane Risk, PRI-Ceres Investor Working Group onSustainable Soy and Cattle, and PRI Investor Working Group on SustainablePalm Oil. In several of these investor groups, we have a leading role.Storebrand is a signatory of the Montréal Carbon Pledge and PortfolioDecarbonisation Coalition, and has committed to a total exit from coalinvestments by 2026 in line with the recommendations from theIntergovernmental Panel on Climate Change.
Storebrand Global MultifactorThe Storebrand Global Multifactor strategy seeks to generate strong capitalgrowth through a long-only, model-based investment approach whichcombines sustainability with four equally-weighted risk factors; value, size,momentum and low volatility. Launched in November 2013 and managed byAndreas Poole, the fund invests in 300-400 large and mid-cap developedmarket stocks to create a sector and geography neutral portfolio. StorebrandMultifactor has £1.7 billion under management and has delivered annualisedGBP returns of 12.1% since inception, 1.4% ahead of the MSCI World Index2.
Storebrand Global ESG PlusStorebrand Global ESG Plus is a fossil-free global equity strategy that tracksthe MSCI World Index. The fund optimises the selection of developed marketcompanies which score highly according to Storebrand’s SustainabilityRating, avoiding companies that rank poorly and those that extract fossilfuels or are carbon intensive. Launched in April 2017 and managed by HenrikWold Nilsen, Storebrand Global ESG Plus has £308 million undermanagement and has delivered annualised GBP returns of 5.0% sinceinception, in line with the MSCI World Index3.
Storebrand Global SolutionsStorebrand Global Solutions is an actively managed global equity portfolioinvesting in sustainable impact companies. Managed by Philip Ripman, thestrategy is fossil-free and seeks to generate alpha by identifying businessesfrom developed and emerging markets that provide solutions to help achievethe UN’s Sustainable Development Goals. Launched in October 2012,Storebrand Global Solutions has £242 million under management and has
delivered annualised GBP returns of 13.8% since inception, 1.7% ahead of theMSCI All Country World Index4.
Jan Erik Saugestad, CEO of Storebrand Asset Management, commented:
«Storebrand has led the way by investing sustainably at scale for over 20years and we are excited to extend our reach to include UK investors. Theneed to address global environmental and social challenges has never beengreater and our priority is to deliver sustainable investment solutions whichprovide clients with optimal risk-adjusted returns without compromising theability of future generations to meet their own needs.»
Tim Heffer, Managing Director of SKAGEN Funds, UK, added:
«Storebrand has a long history of combining sustainability with innovationand we are delighted to be distributing their successful investment strategiesin the UK. In addition to sustainable portfolio solutions, we will continue tooffer clients the best possible level of service and communication across ourexpanded range of complementary products.»
About StorebrandThe Storebrand Group is a leading player in the Nordic market for long-termsavings and pensions. At the end of December 2018, Storebrand managed£63.8 billion, making it Norway's largest private asset manager. Storebranddelivers sustainable investment solutions and client value through a multiboutique platform, with the brands Storebrand Funds, SKAGEN Funds andDelphi Funds, and also SPP Funds in Sweden. Headquartered in Oslo, thecompany has also established life insurance, asset management and healthinsurance activities in Sweden. Storebrand serves 1.9 million customers withhistory dating back to 1767. Storebrand is a public company listed on theOslo Stock Exchange (OSL: STB). For more information visitwww.storebrandfunds.co.uk
About SKAGENSKAGEN Funds is a Scandinavian investment management company with along and successful history in managing equity and fixed income funds.Established in 1993 and headquartered in Stavanger, the company has grownto become one of the largest fund management companies in Norway withincreasing activities in Europe. For more information visit www.skagenfunds.co.uk
1As at 31 December 20182As at 31 January 2019, gross of fees; inception date: 1 November 2013 3As at 31 January 2019, gross of fees; inception date: 27 April 2017 4As at 31 January 2019, gross of fees; inception date: 1 October 2012
Om Storebrand
Storebrands ambisjon er å sikre våre kunder økonomisk frihet og trygghetgjennom å være den beste tilbyderen av langsiktig sparing og forsikring.Storebrand leverer bærekraftige løsninger tilpasset kundens livssituasjon, slikat hver enkelt får en bedre pensjon i en mer bærekraftig verden. Storebrandhar om lag 40 000 bedriftskunder og 2 millioner personkunder, medhovedkontor på Lysaker utenfor Oslo. Storebrand forvalter over 800milliarder kroner og er Norges største private kapitalforvalter. Vi jobbermålrettet for å nå vårt formål: En fremtid å glede seg til. Storebrand (STB) ernotert på Oslo Børs.
Besøk oss på www.storebrand.no og følg oss på Twitter: @Storebrand_no
Kontaktpersoner
PressetelefonPressekontaktGenerelle [email protected]
Synnøve Hjelle HalkjelsvikPressekontaktPresseansvarligsynnove.hjelle.halkjelsvik@storebrand.no95745105
Margrethe AssevPressekontaktKommunikasjonsdirektør [email protected]
Sara SkärvadPressekontaktDirector of Communication Storebrand Asset [email protected]+46 70 621 77 92
Caroline Sesvold TørringPressekontaktKommunikasjonsrådgiver (fond)[email protected] 39 948
