No organic growth for Storebrand AM in Q3 – acquisition adds to AUM

The Norwegian manager's third quarter AUM growth equates to the capital sum added by acquiring a Danish real estate manager, finalized this quarter.

Storebrand's building in Lyksager, Norway | Photo: Storebrand/PR

by MIRZA GAZIC

Norway's largest asset manager Storebrand Asset Management's grew its AUM by 2 percent in the third quarter. This means growth declined compared to the second quarter were AUM growth amounted to 5 percent.

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

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Norwegians are investing record amounts in funds

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Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

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