Sector’s Nordic team comprises three investment professionals, who together have more than 50 years’ experience of investing in the Nordic and global equity markets. Two of the portfolio managers, Jannik Arvesen and Jan Gabrielsen, have collectively managed Nordic equity funds and portfolios for over 30 years and have been working together for the past 5 years. In the new Sector Sigma Nordic fund they are backed up by an additional investment professional that has experience of over 6 years investing in global equities.
The team manages the fund Sector Sigma Nordic, which was launched in June 2012. Sector Sigma Nordic Fund is a Ucits long-short equity fund, primarily investing in the Nordic region. The Nordic markets have world leading industries positioned in secular growth trends, and an export ratio above EU and OECD driven largely by emerging markets. With an overweight of cyclical sectors the volatility against the global stock market runs high. The investment managers believe the Nordic equity market will continue to outperform the global equity market in the long run, and that the Nordic market is attractive for absolute return funds.
The investment managers seek to add value through fundamental research and a thematic investment process combined with cyclical investment strategies. With the inherent risks in the region, the investment managers run well-diversified portfolios across the different sectors. Trading activity has historically been high as the managers deploy an adaptive portfolio and risk-construction model to size positions around risk events with the overall goal of improving the return and risk characteristics of the fund.
The investment team aims to deliver attractive absolute returns, with targeted volatility below the historical average for Nordic equities, by investing in companies (primarily) listed on the Nordic Stock Exchanges with established business models and operating history. The investment process is research-driven, employing fundamental equity valuation criteria, with tactical implementation based on business cycle analysis.
Sector`s Nordic team comprises the following investment professionals:
Jannik Arvesen, born 1959, has more than 30 years of extensive capital markets experience from various positions within the financial services industry. Mr Arvesen joined the Sector Asset Management group in 2012 from Sigma Fondsforvaltning AS which he co-founded in 2006. At Sigma Fondsforvaltning AS he held the position as CIO (Chief Investment Officer) and Senior Portfolio Manager of Sigma Energy Fund and primary responsibility for Sigma Aktiv Forvaltning (discretionary Nordic equity mandates). Prior to establishing Sigma Fondsforvaltning AS, he was partner and Managing Director at NorgesInvestor from 1997 where he managed two closed-end investment vehicles with Nordic long-short equity mandates. Between 1994 and 1997 Mr. Arvesen held the position as CIO at the mutual fund company Vesta Forvaltning where he oversaw a family of bond and equity mutual funds. During his tenure at Vesta Forvaltning with day-to-day responsibility for the equity funds, 3 out of 4 funds were ranked number 1 in their category, with the fourth ranked number 2. Assets under management (AuM) grew from NOK 800 mill. to NOK 3,5 billion. Mr Arvesen began his career in the capital markets in 1985 as a stockbroker at a leading Norwegian brokerage firm. In 1987 he became portfolio manager at Astrup Fearnley where he later became a Director until joining Vesta Forvaltning as CIO in 1997. During his tenure at Astrup Fearnley he was responsible for managing equity and bond portfolios of a privately held investment company in the Astrup Fearnley group. Mr Arvesen holds a Bachelor of Arts in Political Science (magna cum laude) from Yale University in the USA.
Jan Gabrielsen, born 1969, has 25 years of experience from asset management from various roles within sales, analysis, business management and equity portfolio management. Mr Gabrielsen joined the Sector Asset Management group in 2012 from Sigma Fondsforvaltning AS where he was a partner and Senior Portfolio Manager. At Sigma Fondsforvaltning AS he was responsible for managing the mutual fund Sigma Nordic Fund from its inception in 2007 and co-responsible for managing Sigma Aktiv Forvaltning (discretionary Nordic equity mandates) from its inception together with Jannik Arvesen. Mr Gabrielsen also worked as a portfolio manager from 1998 to 2003 at Delphi Aktiv Forvaltning, one of the largest providers of Discretionary Asset Management of equity portfolios in Norway at that time with AuM at NOK 2.0 billion, where he was responsible for managing discretionary Nordic equity mandates. Delphi also had NOK 1.8 billion under management in mutual funds before it was acquired by Storebrand. Mr Gabrielsen joined Sigma in 2007 from a positition as Head of Information and Marketing in Nordea Investment Management and Funds. He started his career in sales at Delphi Forvaltning, and later proceeded as analyst before taking on the role as portfolio manager. As of joining Sector Asset Management group the Sigma Nordic Fund was ranked number 1 in its category on return and sharpe ratio since inception, and held a 5-star rating by Morning Star as of January 2012. Mr Gabrielsen holds a Bachelor of Marketing and a Master of Management programme in Finance from BI Norwegian Business School.
Bjørn Tore Urdal, born 1973, has more than 17 years of experience within capital markets from equity research and portfolio management. He joined the Sector Asset Management group in 2012 from Sigma Fondsforvaltning AS where he was a partner and Senior Portfolio Manager. At Sigma Fondsforvaltning AS Mr Urdal was responsible for managing the mutual fund Sigma Global Explorer from its inception in October 2010. Prior to joining Sigma Fondsforvaltning in 2010, he held the position as Senior Equity Analyst at Sustainable Asset Management (SAM) in Zurich from 2005 until 2010, where he was responsible for co-managing the SAM Smart Energy Fund and Head of the energy research team. During the five years of overlooking the SAM Smart Energy fund its AuM grew from USD 7 million to USD 1 billion. Mr. Urdal started his career as an equity analyst at the investment bank Handelsbanken Capital Markets in 2000 where he was responsible for covering the energy and shipping sector until 2005. Mr Urdal holds a Bachelor of Science (BSc) in economic from University of York, UK, and a Master of Science (MSc) in economics from University College London, UK.