CBS Investment Club

What CBS Investment Club does

CBS Investment Club (CBSIC) is a non-profit, student-run investment organization affiliated with Copenhagen Business School, founded in May 2019. The organization operates two distinct branches: an Investment Fund that runs a long-only equity portfolio focused on Nordic-listed companies, and an Investment Academy that delivers educational programming and events for its members. Its investment approach is described as fundamental and long-only, with research outputs made publicly available rather than restricted to internal portfolio use.

The organization is staffed by a 10-person management team and more than 20 analysts distributed across six sector teams covering Nordic equities. To date it has produced 11 publicly available equity research reports on Nordic-listed companies and maintains an active LinkedIn presence for distribution. It is based at Copenhagen Business School's campus at Solbjerg Plads 3, Frederiksberg, Denmark. Leadership includes a President (Phillip Peters Hey), Vice President (Nikolai Gunnertoft), Head of Research (Nicolai Abildgaard Sørensen), Head of Partner Relations (Sebastian Tønder), Head of Operations (Daniel Schou), Head of Events & Academy (Sebastian Manfred Streyffert), and Head of Macro (Gonçalo Santos).

CBSIC is funded entirely through corporate sponsorships and foundation grants rather than investment performance fees, consistent with its non-profit status. Revenue, assets under management, and member dues are not publicly disclosed. Given its size, mandate, and reliance on voluntary student labor, the entity is best understood as an educational and talent-pipeline organization that happens to manage a real equity portfolio, rather than as a commercial asset manager.

Name

CBS Investment Club

Legal name

CBS Investment Club

Website

https://cbsic.dk

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

CBS Investment Club is a non-profit, student-run organization at Copenhagen Business School that operates a long-only Nordic equity fund and an investment academy, staffed by 30+ student analysts producing public research on Nordic-listed companies.

Ownership category

akta.pro rank

Headquarters

HQ city

Frederiksberg

HQ country

Denmark

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Corporate Sponsorships and Foundations: Assets under management (AUM) are raised from corporate sponsorships and foundations. As a non-profit organization, capital is not returned to investors and all returns are reinvested or used to cover fund expenses.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

CBS Investment Club is a non-profit student organization at Copenhagen Business School that manages a real, student-run, long-only equity fund focused exclusively on Nordic equities through in-depth fundamental analysis. It operates two branches — the Investment Fund, which executes portfolio decisions across six sector verticals reviewed by an Investment Committee, and the Investment Academy, which provides education, mentoring, and career advice to members. Capital is raised from corporate sponsorships and foundations, and all returns are reinvested or used to cover fund expenses.

Product overview

CBS Investment Club operates as a non-profit student organization with two main branches: the Investment Fund and the Investment Academy. The Investment Fund is a student-run, long-only equity fund focused exclusively on Nordic equities, managed through sector teams covering Financial Services, Energy/Materials/Utilities, Consumer, Healthcare, Technology/Media/Telecom, and Industrials. The Investment Academy provides education, mentoring, and career advice to members. The organization publishes research reports on Nordic equities with BUY/HOLD/SELL recommendations backed by fundamental analysis.

Differentiator

Problem solved

Functional benefit

Products and services

• CBS Investment Fund A student-run, long-only equity fund focused exclusively on Nordic markets, driven by fundamental analysis and managed by dedicated investment teams across six sector verticals (Financial Services, Energy/Materials/Utilities, Consumer, Healthcare, Technology/Media/Telecom, and Industrials). Assets under management are raised from corporate sponsorships and foundations, and returns are reinvested or used to cover fund expenses.
• Investment Academy Educational branch of CBS Investment Club that provides members with mentoring and career advice, designed to connect Copenhagen Business School students with top-tier investment and strategy companies.
• Research Reports on Nordic Equities In-depth fundamental research on Nordic equities spanning industrials, healthcare, financials, energy, consumer, and TMT sectors, each report delivering a clear recommendation (BUY/HOLD/SELL) backed by rigorous bottom-up analysis. Reports are publicly available on the CBSIC website.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• NHH Investment Club: Student-run investment club at the Norwegian School of Economics (NHH) focusing on Nordic equities and fundamental analysis. Closely comparable in mandate, scale, and target sponsors.
• Lund Investment Society: Student-led equity investment club at Lund University in Sweden with Nordic-region coverage. Highly comparable in organizational structure, audience, and educational-to-portfolio model.
• SSE Investment Society: Student investment organization at the Stockholm School of Economics covering equity research and portfolio management. Operates a near-identical student-driven Nordic equities model to CBSIC and competes for the same sponsors and members.
• Aalto Investment Club: Student-run equity investment club at Aalto University in Finland, pursuing a comparable Nordic-equities-focused mandate with sector-based research teams. Highly comparable in structure, mission, and geography to CBSIC.

Broad incumbents

• Carnegie Investment Bank: Nordic-focused investment bank with a deep equity research practice covering the Nordics. Comparable as a professional research benchmark and a target employer for CBSIC's alumni pipeline.
• Kepler Cheuvreux: Pan-European equity research and brokerage house with a particularly strong Nordic equities franchise. Comparable as a professional incumbent whose BUY/HOLD/SELL research output addresses the same Nordic coverage universe as CBSIC.
• DNB Markets: Investment banking and equity research arm of DNB covering Nordic equities including Norway, Sweden, Denmark, and Finland. Comparable as a professional Nordic research provider whose publications compete for the same investor attention.
• ABG Sundal Collier: Leading Nordic investment bank with a broad equity research franchise covering the same Nordic universe that CBSIC's sector teams research. Comparable as a Nordic equity research competitor and a potential future employer of CBSIC alumni.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/cbsic

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about CBS Investment Club