Discover our asset allocation services

At Storebrand Asset Allocation, we provide advisory and investment services to domestic and international clients, drawing upon our company-wide experts and network.

Asset allocation in numbers

€25

AUM (bn)

50

mandates

0.74%

excess return

9

professionals

Building resilient portfolios drawing on time-tested strategies

We bring together the latest insights and opportunities within conventional and alternative investments to help you build future-proof portfolios -  adapted to your needs. Our clients range from pension funds, endowments to high-net-worth individuals.

Asset allocation:
Does it add value?

The short answer is yes! Academic research states that strategic asset allocation accounts for 85% of the portfolio return. Storebrand's tactial allocation has on average attributed 0.74% annual excess return to our clients' portfolios.

Our services

Portfolio strategy and optimisation

We provide advice and leading thinking on strategic asset allocation to help our clients build resilient and future-proof investment strategies tailored to their specific needs.

Tactical and rule-based

As a full-service provider we deliver both tactical and rule-based asset allocation services to our clients. Tactical allocation enables us to capitalize on market opportunities to lock in excess returns.

Drawing on Storebrand's extensive market and economic expertise, we're able to stay ahead and navigate when the going gets tough.

Olav Chen
Head of Allocation and Global Fixed Income

Portfolio construction:
How do we work?

Portfolio construction is an iterative process where we continuously refine and adjust the portfolio in response to changing market conditions and emerging opportunities.

Investment philosophy

Long term trend followers, short term contrarians

  • We spend significant time identifying where we are in the economic cycle, and where we believe the economy is heading in the future. We focus on turning points and macro moment - direction is more important than level.

  • We follow cycles in inflation and the companies' results closely, in addition to developments in absolute and relative risk premiums.

  • We base our investment decisions on fundamental conditions surrounding the business cycle. Growth and inflation are leading indicators for returns and risks for various asset classes.

  • We seek to exploit the trends, which are characterized by self-reinforcing effects.

Tactical asset allocation - The investment process

Outperforming the market over the long-haul requires a consistent and disciplined investment process. Over the years, we have built and refined our tools and processes that enable us to make informed and consistent decisions over time.

Focus on key decisions

We consider equity weighting (incl rebalancing) as the most important swing factor for balanced portfolios, hence determining its relative weight is our first priority. Next, we focus on regions, duration, credit and currency exposure, as well as thematic conditions including sectors and styles/factors.

Continuous market monitoring

We have in-house analysis models that monitor the global economy based on the most important macro figures. We have macro sets per region and per category based on Ecowin (Macrobond). We have internal monitoring models for equities and interest rates, as we receive  extensive external analyses from various brokerage houses and independent Ned Davis (and Consensus Forecasts).

Weekly meetings

We have a regular macro meeting where we review internal and external analyses. We then have a regular investment decision meetings on weekly basis.

Consistent implementation across mandates

We implement the market view in all mandates, but adapted to the risk framework for the individual customer / mandate.
Storebrand Asset allocation team members

Meet our highly experienced team

  • Storebrand from 2009, Head of institutional clients.

    Broad experience from asset management as portfolio manager / CIO, adviser and leadership positions in companies such as Alfred Berg, Sparebank 1 and First Securities.

    Holds a degree (Siviløkonom) from the Norwegian School of Management (BI).

  • Joined Storebrand as Corporate Trainee, served as Senior portfolio manager in Storebrand Asset Management since 2004.

    MPhil form the University of Oslo
    MSc from the London School of Economics

  • Joined Storebrand in 2008 within fund selection and portfolio construction.

    Senior Architect in Fast Search & Transfer and Senior Consultant in IBM and PriceWaterhouseCoopers.

    MSc (Sivilingeniør) from NTNU
    MBA from RSM

  • Joined Storebrand in 1995. Experience as fixed income analyst.

    Authorised financial analyst.
    Engineering College in Trondheim
    NHH Norwegian School of Economics

  • Joined Storebrand as a Corporate Trainee.
    Senior portfolio manager in Storebrand Asset Management from 2008

    MSc in Economics from the University of Oslo
    Chartered Europen Financial Analyst (CEFA / AFA) from NHH Norwegian School of Economics

  • Joined Storebrand in 2008, and is working as portfolio manager in charge of currency hedging and currency trading. In addition, he has experience from his own real estate business

    Educated at BI (Oslo) with specialisation in finance

  • Joined Storebrand in 1998, focusing on allocation and portfolio management. Extensive - and broad - experience within Storebrand Asset Management

    MSc in Financial Economics at BI Norwegian Business School

  • Joined Storebrand in 2007.
    Senior portfolio manager within Allocation and Global fixed income from 2017, while previously being analyst for Institutional clients

    MSc in Financial Economics at BI (Oslo)
    Fixed income analyst (NHH / NFF)

  • Joined Storebrand in 2015, and has had several positions including head of risk management, senior performance analyst before becoming portfolio manager in 2022

    Academically, Aleksander has a MSc in Finance (Siviløkonom) from BI Norwegian Business School, and Chartered European Financial Analyst (CEFA / AFA) at NHH Norwegian School of Economics

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Historical returns are no guarantee of future returns. Future returns will depend, among other things, on market developments, the manager's skills, the fund's risk profile and management fees. The returns can be negative as a result of price losses. There is risk associated with investments in the fund due to market movements, developments in currency, interest rates, economic conditions, industry- and company-specific conditions. Before investing, customers are advised to familiarize themselves with the fund's key information and prospectus, which contains further information about the fund's characteristics and costs.