Nordkinn Asset Management AB

What Nordkinn Asset Management AB does

Nordkinn Asset Management AB is an independent Nordic asset management firm founded in 2012 and headquartered in Stockholm, with an operational branch in Oslo. The company manages a single flagship strategy, the Nordkinn Fixed Income Macro Fund, which pursues absolute returns through fixed income and FX macro positioning primarily in Norwegian and Swedish markets, executed via a master-feeder fund structure with six currency-denominated feeder share classes (SEK A, SEK D, SEK I, NOK B, EUR C, USD G) targeting qualified professional investors and high-net-worth individuals.

The firm's underlying investment technology is its proprietary "Game Plan Tagging" methodology, inspired by Behavioral Finance, which sets predefined rules for every investment and is used to monitor both intentional and unintentional risks as the backbone of portfolio structuring and consistency of returns. The team of approximately eight investment professionals draws on more than 130 years of collective market experience, including three founding partners from the Norwegian central bank, and in August 2025 was expanded with two additional portfolio managers and a senior advisor (former Head of Hedge Fund Investments at APG).

Nordkinn earns revenue through a standard hedge fund/asset management fee model: a 1.00% annual management fee on most feeder share classes (1.50% on the lower-minimum SEK D class) plus a 20% performance fee above the high-water mark across all variants. Distribution is sales-led and direct, focused on qualified professional investors, with minimum investments ranging from 50,000 SEK (SEK D) to 1,000,000 SEK/NOK or 100,000 EUR/USD depending on share class. The firm is regulated as an AIF Manager by the Swedish Financial Services Authority (Finansinspektionen) under AIFMD, and US Persons are excluded from the investor base.

Name

Nordkinn Asset Management AB

Legal name

Nordkinn Asset Management AB

Website

https://nordkinn.se

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Nordkinn Asset Management AB is a Stockholm-based independent Nordic asset manager founded in 2012 that runs a single flagship fixed income and FX macro fund via a multi-currency master-feeder structure for qualified professional investors, using a proprietary behavioral-finance-based risk methodology.

Ownership category

akta.pro rank

Product category

Fixed Income Macro Hedge Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Discretionary Macro (Rates, FX, Equities) (FSAHABAA)

akta.pro secondary industries

Fixed Income & Rates Macro (FSAHABAC), Multi-Sector / Total Return Fixed Income (FSAAAHAJ), Multi-Asset Absolute Return & Diversified Macro Funds (FSAAAJAH)

Keywords

• Fixed income asset management
• Macro hedge funds
• Absolute return strategies
• FX and rates investing
• Alternative investment funds

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management Fees: Annual management fees charged on assets under management. Most feeder funds charge 1.00% management fee, with one tier (SEK D) charging 1.50% for lower minimum investment.
2. Performance Fees: 20% performance fee charged across all fund variants when the fund achieves positive returns above the high-water mark.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Nordkinn Asset Management manages the Nordkinn Fixed Income Macro Fund, a master-feeder fund structure providing absolute returns through fixed income and FX macro strategies focused on Norwegian and Swedish markets. Investors access the strategy through multiple currency-denominated feeder funds (SEK, NOK, EUR, USD), each with defined minimum investments, a 1.00%-1.50% annual management fee, and a 20% performance fee. Investment decisions are guided by the firm's proprietary Game Plan Tagging methodology, inspired by Behavioral Finance.

Product overview

Nordkinn Asset Management AB operates as a Nordic asset management firm offering the Nordkinn Fixed Income Macro Fund, a master-feeder structure comprising a Master Fund and multiple currency-denominated Feeder Funds (SEK, NOK, EUR, USD). The funds pursue absolute returns through fixed income and FX macro strategies, with a primary focus on Norwegian and Swedish markets. The investment approach utilizes a proprietary 'Game Plan Tagging' methodology inspired by Behavioral Finance theories. All funds are supervised by the Swedish Financial Services Authority as authorized AIF (Alternative Investment Fund) Manager and Special AIFs under AIFMD.

Differentiator

Problem solved

Functional benefit

Brands

• Nordkinn Fixed Income Macro Fund: The flagship master-feeder fund offering absolute returns through fixed income and FX macro strategies. Available in multiple currency share classes (SEK, NOK, EUR, USD) with varying minimum investments and fee structures.
• Nordkinn Fixed Income Macro Master Fund
• Nordkinn Fixed Income Macro Feeder Funds

Products and services

• Nordkinn Fixed Income Macro Fund A master-feeder fund structure providing absolute returns through fixed income and FX macro strategies in Norway and Sweden, utilizing the proprietary Game Plan Tagging investment methodology. Targeted at qualified professional investors and regulated as Special AIFs under AIFMD.
• Nordkinn Fixed Income Macro Fund SEK A Swedish Kronor-denominated feeder fund with 1,000,000 SEK minimum investment, 1.00% management fee, 20% performance fee, non-dividend paying.
• Nordkinn Fixed Income Macro Fund NOK B Norwegian Kroner-denominated feeder fund with 1,000,000 NOK minimum investment, 1.00% management fee, 20% performance fee, non-dividend paying.
• Nordkinn Fixed Income Macro Fund EUR C Euro-denominated feeder fund with 100,000 EUR minimum investment, 1.00% management fee, 20% performance fee, non-dividend paying.
• Nordkinn Fixed Income Macro Fund SEK D Swedish Kronor-denominated feeder fund with 50,000 SEK minimum investment, 1.50% management fee, 20% performance fee, non-dividend paying.
• Nordkinn Fixed Income Macro Fund USD G US Dollar-denominated feeder fund with 100,000 USD minimum investment, 1.00% management fee, 20% performance fee, non-dividend paying.
• Nordkinn Fixed Income Macro Fund SEK I Swedish Kronor-denominated feeder fund with 1,000,000 SEK minimum investment, 1.00% management fee, 20% performance fee, dividend paying.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Twelve partnerships are on record, tiered core and supporting.

• Wahlstedt & Sageryd Financial Services ABcoreOthersFund Administrator providing transfer agent and fund administration services. Located at Holländargatan 17, SE-111 60 Stockholm, Sweden.
• Wahlstedt & PartnerscoreOthersExternal Fund Valuation service provider for the Nordkinn Fixed Income Macro Fund.
• SEBcoreOthersPrime Broker providing custody, financing and related services. Located at Kungsträdgårdsgatan 8, SE-106 40 Stockholm, Sweden.
• Danske Bank SwedensupportingOthersClearing Broker providing clearing and settlement services for portfolio transactions.
• UBS LimitedsupportingOthersClearing Broker providing clearing and settlement services. Located at 1 Finsbury Avenue, London EC2M 2PP, UK.
• Advisense ABcoreOthersExternal Compliance service provider ensuring regulatory compliance. Located at Östermalmstorg 1, 5tr, 114 42 Stockholm.
• FCG Fonder ABcoreOthersExternal Risk Management service provider for the fund's risk oversight.
• PwC StockholmcoreOthersInternal Auditor providing independent internal audit services. Located at Torsgatan 21, SE-113 21 Stockholm.
• Ernst & Young StockholmcoreOthersExternal Auditor providing independent financial statement audit services. Located at Jakobsbergsgatan 24, SE-103 99 Stockholm.
• ATEAsupportingOthersIT & Infrastructure service provider. Located at Brynsalléen 2, N-0667 Oslo, Norway.
• SBAI (Standards Board for Alternative Investments)coreStrategic or Co-development PartnerNordkinn is a signatory to SBAI standards. The CEO has served on the SBAI EMEA Committee, contributing to industry standards development for alternative investments.
• UN PRI (Principles for Responsible Investment)coreStrategic or Co-development PartnerNordkinn is a signatory to the UN PRI, demonstrating commitment to responsible investment practices.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Rokos Capital Management: London-based global macro hedge fund with strong fixed income and rates orientation. Comparable discretionary macro approach targeting institutional capital with similar management + performance fee economics to Nordkinn's structure.
• Capula Investment Management: London-based discretionary macro and fixed income relative value hedge fund manager. Highly comparable in being rates-centric, macro-overlay driven, and operating with multi-currency institutional feeder structures analogous to Nordkinn's.
• LMR Partners: London-based multi-strategy hedge fund with discretionary macro and relative value capabilities. Comparable focus on fixed income macro returns and similar fee structure targeting institutional investors.
• Lynx Asset Management: Swedish hedge fund manager with multi-strategy global macro mandates and fixed income focus, headquartered in Stockholm. Closest direct peer in geography, strategy mix (rates/FX-heavy), and AUM tier for the Nordic institutional channel.
• Carve Capital Management: Nordic-based hedge fund manager with discretionary strategies including macro and fixed income. Smaller and emerging relative to Nordkinn but operates in the same Nordic institutional macro space with similar fee model.
• GSA Capital Partners: London-based systematic and discretionary macro fund manager with pan-European institutional distribution. Comparable product profile (macro absolute return with rates and FX overlays) and similar mid-sized AUM tier.
• Brummer & Partners: Sweden-based multi-strategy and macro hedge fund manager with institutional and qualified investor focus. Operates in the same Stockholm ecosystem as Nordkinn with overlapping Nordic institutional client base and similar fund structure economics (management + performance fees).

Broad incumbents

• BlueCrest Capital Management: Established discretionary macro hedge fund manager with a long-standing rates/FX-driven absolute return product line. Broader portfolio and scale make it a broad incumbent, but its core macro strategy overlaps directly with what Nordkinn offers to Nordic and European institutional clients.
• Brevan Howard: Well-established global macro hedge fund manager with a flagship rates-driven absolute return strategy. Significantly larger scale than Nordkinn, but operates in the same institutional macro space and competes for the same type of qualified investor mandates.

Regional players

• Nordic Alpha: Swedish hedge fund manager operating in the Nordic region with macro and equity-focused strategies. Geographic and ecosystem peer, serving some of the same Stockholm-based institutional clients as Nordkinn with comparable fund structures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/2926634

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 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 Nordkinn Asset Management AB