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The investment process behind Sector Healthcare Value Fund is based on a fundamentally driven model for bottom up stock valuation within the global Healthcare and Biotech sector. The portfolio will contain 20-40 long positions. Value creation and valuation: Valuation is the single most important factor in the investment team's model. Several valuation models are used, and they based on an in-house view on normalised earnings, future growth/returns and the duration of the growth. Momentum and sentiment: The investment team also considers more short term factors which can modify their long-term fundamental view. The investment team may also take risk on these factors unless the company is significantly overvalued. Portfolio construction: the investment manager considers the degree of mis-pricing given by the scorecard model relative to the total risk of the individual security expressed through the security's history and options' implied volatility.
Name | Title | Since | Until |
---|---|---|---|
Trond Horneland | - | 2010 | Now |
Biography | Trond Horneland, born 1972, is Managing Director and investment manager of the Investment Manager. He has 7 years experience managing assets in the healthcare sectors. Mr. Horneland joined the Sector Asset Management group in 2005 from DnB NOR Asset Management ASA in Oslo, where he worked since 1998. During his time at DnB NOR Asset Management he was a portfolio manager/analyst in the healthcare sector from 1998 to 2002 and held the position as Head of Global Healthcare from 2002 to 2005. Mr. Horneland was a consultant with Arthur Andersen Business Consulting from 1997 to 1998. Mr. Horneland holds a degree from the Norwegian School of Economics and Business Administration (1997). | ||
Trond Tviberg | - | 2010 | 2021 |
Biography | Trond Tviberg, born in 1968, is an investment manager of the Investment Manager. He has 11 years global investment experience and 3 years information technology services expertise. Mr. Tviberg joined the Sector Asset Management group in August 2005 from DnB NOR Asset Management, where he had been the comanager of DnB NOR's Global Healthcare Funds since June 2002. Mr. Tviberg joined DnB NOR Asset Management in February 1999, and initially served as the portfolio manager responsible for global technology and telecommunications investments until May 2002. In September 1999 he launched Norway's first global telecoms unit-linked fund. Prior to switching to the buy side in 1999 Mr. Tviberg worked for over four and a half years at S.G. Cowen in London, as a Vice President and specialist sales within the healthcare and technology sectors. Earlier in his career Mr. Tviberg worked as an IT Consultant at Systems Resources in Manchester from 1990 to 1992 and a trainee chartered accountant in 1989. Mr. Tviberg holds a BSc (Hons) degree in Economics and Computer Science, and a Master of Business Administration from the University of Edinburgh. | ||
Mads Andreassen | - | 2010 | 2016 |
Biography | Mads Andreassen graduated with a Master’s degree from the Norwegian School of Economics in Bergen (NHH - Siviløkonomstudiet). Andreassen has worked in asset management since 2004 and previously worked as Head Portfolio Manager at Sector Asset Management. Andreassen also has experience as a portfolio manager from the Global Healthcare team at Sector Asset Management. Andreassen has been with Fondsfinans Kapitalforvaltning since 2018. |
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