ODIN Forvaltning

What ODIN Forvaltning does

ODIN Forvaltning AS is a Norwegian asset management company founded in 1990 and headquartered in Oslo, operating as a wholly-owned entity within the SpareBank 1 alliance of Norwegian savings banks. The firm manages an active mutual fund franchise spanning Nordic, European, US, and emerging market equities, Nordic and global fixed income (including high yield and sustainability-labeled strategies), and a Nordic listed-real-estate strategy. Its investment approach, branded the "Odin-modellen," is a qualitative philosophy emphasizing quality companies with durable competitive positions, competent management, and attractive valuations, supplemented by active ownership through direct engagement and proxy voting (operationally supported by ISS) and by ESG analysis sourced from Sustainalytics.

The firm's product surface includes flagship equity funds (Odin Aksje, Odin Norge, Odin Norden, Odin Sverige, Odin USA, Odin Emerging Markets), credit funds (Odin Kreditt, Odin Nordic High Yield, Odin Sustainable Corporate Bond), and the Odin Eiendom real estate fund, complemented by digital tools including the Odin Online web platform, a mobile app on iOS and Android, and planning calculators (savings, withdrawal, return). Distribution runs through a captive SpareBank 1 banking network plus third-party platforms (Nordnet, DNB, Sparebanken Norge, Kron, Eika) and direct advisor-assisted sales for higher-tier wealth management services.

ODIN generates revenue primarily through recurring annual management fees on funds under management, with equity funds around 0.75%, bond funds around 0.50%, and real estate funds up to 1.05%, alongside advisory fees for the Formuesforvaltning wealth management service targeting businesses, foundations, public sector, and private capital. Customer segments span individual retail investors (long-term savings, pension, children's savings), high-net-worth individuals (eligible for Class A share tier at NOK 10M+ minimums), corporate treasury clients, and institutional foundations. Marketing and customer engagement are supported by HubSpot, Meta, LinkedIn, and Google Ads, with content production spanning podcasts, webinars, and editorial articles published in Norwegian, English, Swedish, and Finnish.

Name

ODIN Forvaltning

Legal name

Odin Forvaltning AS

Website

https://odinfond.no

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

101–250 employees

Short description

ODIN Forvaltning is a Norwegian asset manager founded in 1990 and part of the SpareBank 1 alliance. It offers actively managed Nordic and global equity, fixed income, and real estate funds to retail, HNW, corporate, and institutional investors via bank and digital channels.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Open-End Investment Funds (525910)

akta.pro primary industry

Private Client/High-Net-Worth Advisory (FSAEAAAN)

akta.pro secondary industries

Philanthropy & Foundations Advisory (Donor-Advised Funds, Endowments) (FSAAABAH), Estate Planning & Trust Structuring Advisory (FSAEAKAC)

Keywords

• Mutual fund management
• Nordic asset management
• Wealth management services
• Equity fund investing
• Fixed income funds

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management Fees: ODIN Forvaltning generates revenue through annual management fees charged on funds under management. Fees vary by fund type, with equity funds typically charging around 0.75% (e.g., Odin Aksje A) and bond funds around 0.50% (e.g., Odin Kreditt A). Real estate funds charge approximately 1.05% (Odin Eiendom F).
2. Wealth Management Advisory: The company offers wealth management services (Formuesforvaltning) for businesses, foundations, public sector, and private capital management, providing comprehensive financial planning and portfolios for long-term value creation.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

ODIN Forvaltning is a Nordic asset management company that manages and distributes actively managed mutual funds across equity (Norway, Sweden, Nordic, USA, Emerging Markets, global), fixed income (credit, Nordic high yield, sustainable corporate bond), and Nordic listed real estate asset classes. In addition, it provides discretionary wealth management advisory (Formuesforvaltning) for corporations, foundations, public sector entities, and private capital clients, supported by the proprietary Odin Online platform and mobile applications.

Product overview

ODIN Forvaltning is a Nordic asset management company offering a portfolio of actively managed investment funds across equity, fixed income, and real estate asset classes. The product lineup includes regional equity funds (Odin Norge, Odin Sverige, Odin Norden, Odin Emerging Markets, Odin USA), sector-focused funds (Odin Eiendom for real estate), credit funds (Odin Kreditt, Odin Nordic High Yield, Odin Sustainable Corporate Bond), and a flagship global equity fund (Odin Aksje). The funds are supported by digital services including Odin Online platform and mobile app for portfolio management, complemented by planning tools (Sparekalkulator, Uttakskalkulator, Avkastningskalkulator) and educational content (Fondsskolen). Wealth management advisory services are available for institutional and private clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Odin Aksje A Equity fund focused on long-term investment in quality companies with strong competitive positions and management focused on value creation, with a 10.95% return over the last 10 years to June 2026. Annual management fee 0.75%.
• Odin Norge A NOK Norwegian equity fund investing in quality Norwegian companies, managed by Atle Hauge who ranks among the top 0.5% of European fund managers by Citywire. Delivered 13.75% return over the last 10 years.
• Odin Emerging Markets A NOK Equity fund investing in emerging markets across Asia, South America, and Eastern Europe for long-term growth. Managed by Dan Erik Glover. Delivered 10.32% return over the last 10 years.
• Odin Kreditt A Bond fund focused on credit analysis and disciplined risk management for corporate debt investments. Co-managed by Nils Hast and Anders Hoberg. Annual management fee 0.50%. Delivered 5.59% return over the last 10 years.
• Odin Eiendom (A NOK and F NOK) Real estate fund investing in listed Nordic property companies including offices, hotels, shopping centers, and warehouses. Managed by Nils Hast with a concentrated portfolio of 25–35 quality companies. Fund size NOK 2,118.33 million as of May 2026; Class F fee 1.05% with NOK 3,000 minimum, Class A fee 0.75% with NOK 10 million minimum; 6.70% annual return since inception vs 5.25% benchmark.
• Odin Nordic High Yield High yield bond fund targeting the Nordic high yield market, the third largest in the world. Managed by Christian Malde.
• Odin Sustainable Corporate Bond Corporate bond fund with sustainability focus, co-managed by Nils Hast and Mariann Stoltenberg Lind, incorporating ESG screening.
• Odin Norden A NOK Nordic equity fund investing in 30–40 of the best companies across the Nordic region. Managed by Vigdis Almestad.
• Odin Sverige A NOK Swedish equity fund focusing on quality Swedish companies.
• Odin USA US equity fund investing in American companies, with managers assessing the outlook for US stock markets.
• Formuesforvaltning (Wealth Management Advisory) Discretionary wealth management advisory service for businesses, foundations, public sector entities, and private capital management clients, providing comprehensive financial planning and portfolio management for long-term value creation.

Quantifiable outcome

• Odin Aksje A delivered 10.95% return over last 10 years as of June 2026
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SpareBank 1-alliansencoreStrategic or Co-development PartnerOdin Forvaltning is an integral part of the SpareBank 1 alliance, operating as a wholly-owned entity within the alliance structure. This partnership provides distribution reach through SpareBank 1 bank branches and cross-selling opportunities within the Norwegian banking market.
• Meta (Facebook, Instagram)minorGTM or Marketing PartnerSocial media advertising platform for targeted marketing campaigns.
• LinkedInminorGTM or Marketing PartnerProfessional networking platform for B2B marketing and employer branding.
• Google AdsminorGTM or Marketing PartnerPaid search advertising platform for customer acquisition.
• NordnetminorChannel Partner/ Reseller/ DistributorSwedish-Norwegian investment platform where Odin funds are available for purchase.
• DNBminorChannel Partner/ Reseller/ DistributorMajor Norwegian bank and investment platform distributing Odin funds.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• DNB Asset Management: Asset management arm of Norway's largest bank, offering Norwegian and Nordic mutual funds distributed through DNB's branch network and direct channels. Directly comparable to Odin in product mix, Norwegian retail distribution, and bank-affiliated ownership model.
• Storebrand Asset Management: Major Nordic asset manager with a strong sustainability and active ownership franchise, distributing through Storebrand's life insurance and bank channels. Highly comparable to Odin on Nordic equity/credit, ESG integration, and active ownership positioning.
• KLP Kapitalforvaltning: Norwegian municipal pension provider with a large in-house asset management business managing Nordic equities, credit, and real estate. Comparable to Odin on Nordic asset class coverage and institutional client base, with a similar focus on responsible investment.
• Skagen Funds: Norwegian active asset manager with global and Nordic equity strategies, distributed through Norwegian banks and platforms. Direct comparable to Odin on retail fund distribution, active management philosophy, and Norwegian brand positioning.
• Alfred Berg (Carnegie): Nordic asset manager offering equity, fixed income, and real estate funds, now part of Carnegie Group. Comparable to Odin on Nordic multi-asset product lineup and Norwegian retail distribution.
• Carnegie Fonder: Swedish active asset manager offering Nordic equity and fixed income funds, distributed through Carnegie and external platforms. Comparable to Odin on Nordic active management philosophy, smaller-boutique positioning, and multi-asset product set.

Broad incumbents

• Nordea Asset Management: One of the largest Nordic and European asset managers, offering a broad fund range across regions and asset classes. Comparable to Odin on Nordic distribution footprint and multi-asset capabilities, but operates at a meaningfully larger scale with international institutional reach.
• SEB Investment Management: Swedish bank-affiliated asset manager with Nordic and global funds distributed through SEB branches and external platforms. Comparable to Odin on Nordic equity strategies and bank-channel distribution, but with materially larger AUM.
• Swedbank Robur: Sweden's largest domestic asset manager and part of Swedbank group, distributing funds through Swedbank branches and external channels. Comparable to Odin on Nordic equity and ESG fund range, but with a much larger AUM base and broader product shelf.
• Handelsbanken Fonder: Swedish bank-affiliated fund manager offering Nordic and global strategies distributed through Handelsbanken's branch network. Comparable to Odin on Nordic multi-asset product set and bank-affiliated distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/odinfond
• LinkedInlinkedin.com/company/odin-forvaltning
• Instagraminstagram.com/odinforvaltning

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ODIN Forvaltning