Carneo Asset Managers Revenue and Competitors

Carneo (Carneo Asset Managers) is a modern multi-boutique asset management group with a long heritage associated with the Carnegie group of companies. Carneo was formed in 2016 by the inclusion under the Carneo umbrella of C Worldwide and Carnegie Fonder. Carneo has since expanded in alternative assets, and is now the largest independent asset management group based in the Nordic region with over €22 billion in assets under management. Carneo's majority owner is Altor Fund III. Altor is a family of private equity funds focused on investing in and developing medium sized companies with a Nordic origin. Altor's aim is to create enduring values and make a real difference as a valuable partner for owners and managers in building world class companies. Strong, yet nimble: Each firm we house, with its distinct investment philosophy, culture and approach, is able to focus on what they do best, while leveraging shared services that facilitate a scalable business and support reduced fund management costs. By bringing together a diverse array of specialist competence, we seek stable results and earnings across various market and economic conditions. We believe that our independent boutiques are stronger together. Ownership equals motivation: We believe that investment professionals should have meaningful ownership in their firms. This aligns their interests with those of their clients and creates motivated and stable investment teams. Meritocracy over bureaucracy: The most successful investment management firms are characterised by an entrepreneurial mind-set, where good ideas can always be put into action. By retaining each of our boutique firms' distinct investment approach and culture, along with its own operative autonomy and decision making authority, we can preserve the spirit of meritocracy which we believe is essential to success.