NorQuant pins growth hopes on three-year milestone after 98th percentile performance

The Oslo-based manager has left competitors eating dust since it went live in 2021. Although its eye-catching performance has not translated to institutional inflows yet, founder Thomas Nygaard and his team of former oil fund quants expect the momentum to continue.

Thomas Nygaard is founder of NorQuant and chairman for Norwegian Association for Quantitative Finance | Photo: Søren Top / AMWatch

While most fund managers are looking back on a year in disarray, NorQuant’s multi-asset fund has managed to get navigate through the challenging year in positive territory.

In fact, an analysis by Citywire Selector shows that the Oslo-based fund’s performance over the past 12 months is nothing less than 5.1 percentage points higher than Heimdal Vidde, which ranks second of the 32 funds in the peer group comparison. According to Bloomberg, the fund’s performance over the past year falls into the 98th percentile of similar funds.

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