Norwegian investment firm loses 63% of its capital after billionaire pulls out

A Norwegian billionaire is pulling out all his capital deployed to Aeternum Capital, established in 2020 by former Odin fonder manager Vegard Søraunet. Recently, the firm lost a top-ranking manager.

Billionaire John Fredriksen is born in Olso,, Norway, and now a naturalized Cypriot citizen. | Photo: Ints Kalnins/Reuters/Ritzau Scanpix

by ANNE LOUISE HOUMANN

Norwegian-Cypriot shipping magnate John Fredriksen is redeeming his capital from family office and investment company Aeternum, meaning that almost two thirds of the fund’s money will be pulled out, Norwegian business daily Finansavisen reports.

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Norwegian investment firm loses 63% of its capital after billionaire pulls out

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