Carneo is to divest Carnegie Fonder, Holberg and CAAM Fund Services to Carnegie

Carneo is to divest Carnegie Fonder, Holberg Fondene (“Holberg”) and CAAM Fund Services (“CAAM”) to Carnegie Holding (“Carnegie”), the holding company of Carnegie Investment Bank. Carnegie Fonder and Holberg will continue to operate independently under their respective brands. The funds currently managed by CAAM under the brand names Nordic Cross and Alternative Solutions will become part of Carnegie Fonder through a process that has already been initiated.

The transaction is subject to customary regulatory approvals.

Carneo is the largest independent asset management group in the Nordics, with over EUR 34 billion in AuM. Carneo operates a multi-boutique structure, which preserves the independence and identity of the affiliated managers. The group consists of C WorldWide, Carnegie Fonder, Holberg, Nordic Cross and Alternative Solutions.