The accompanying notes form an integral part of this semiannual report. Aktiv kapital asa is a norwegian debt investment company with operations in nine countries. About aktiv kapital canada headquartered in oslo, norway, aktiv kapital has operations in 9 countries and the norwegian company aktiv kapital portfolio as, acting through its zug branch switzerland is a leading investor in nonperforming consumer loan portfolios in europe and canada. Supplement number 1 to registration document b2holding asa. Aktive captial management is a privately held investment management firm specializing in riskmanaged portfolios tailored to meet your personal longterm financial goals. Investing goes touchscreen with kapitall ipad app wired.
Significant investment in thebalkans and rcf extended. They started with four people out of a small office in virginia beach, virginia. Pdf valuing investment management fees, active portfolio. Of the 48,000 foundations active in the united states, fewer than 15% take. Aktiv kapital background a leading investor in distressed consumer debt investment company focused on consumer debt and distressed situations 400 employees in 8 countries, headquarters in norway more than 20 years of experience and 2000 debt portfolios with face value in excess of eur 20bn.
Analysing euro area net portfolio investment outflows. The acquisitions of aktiv kapital and the iva platform should enhance portfolio. Microsoft powerpoint b2 holding presentation general meeting june 26th 2015 author. Aktiv kapital asset investments limited overview free. It also evaluates the probability of meeting the goals and objectives of a given investment mandate, particularly on a riskadjusted basis and in light of historical asset class. Pra agreed to acquire the equity interest in aktiv kapital for.
Our portfolio investment strategy has an absolute return target, which implies that the return requirement for our debt investment is also. Extensive industry experience from positions and ownership in aktiv kapital and gothia. There are two main differentiators that have set jp morgan and the kapital system well above the competition. Pra completes acquisition of aktiv kapital investors pra group. Significant investment in the balkans and rcf extended. Eur 300 million investment capacity in a joint spv. Pra group began as portfolio recovery associates, llc in march 1996 by cofounders ceo and president kevin stevenson and steve fredrickson. Aktiv kapital asset investments limited filing history. An additional investment of about eur 10m in the balkans portfolio is.
Hoist, aktiv kapital pra group and, most recently, b2holding asa. The company purchases assets from banks and other financial institutions, adding value for lenders through unique insights, flexible approach and international presence. Upon foundation, the investment companys capital amounted to eur 31,000, and will at all times be. Hoist, aktiv kapital pra group and, most recently, b2holding asa where he served as head of business development and member of the roup g a executive management team.
The two concepts that sound very simple but are vital to jp morgans success are the. Aktiv kapital asset investments limited free company information from companies house including registered office address, filing history, accounts, annual. Sale of aktiv kapital asa to portfolio recovery associates, inc. Interim report quarter and 1 half of 2010 morningstar, inc. B2 holding presentation general meeting june 26th 2015. Aktiv och passiv rantefondsforvaltning en studie pa. The companys debt purchasing activities began a few months after the company was formed, in may 1996.
Aktiv kapital asa and in shipping investment portfolios under abg sundal collier. One can usually find good opportunities in the small nordic markets, where low liquidity offers temporary discounts for a longterm investor. History calls those men the greatest who have ennobled themselves by working for the common good. This deposit guarantee scheme applies to deposits in all types of accounts made by private individuals, legal entities and covers up to up to 950,000 sek per bank per depositor.
The investments and strategies discussed in the content may not be suitable for all. Find our live kapital plus a eur fund basic information. For mutual funds, if the growth rate of unrealized capital gains is small, the right side of. Dec 06, 2010 aktiv kapital had in 2009 an operating revenue of nok 1,190 million. Aktiv kapital is an investment company specialized in the acquisition and servicing of nonperforming consumer loans. Aktiv kapital acquisitions inc london, on management. Acropdf a quality pdf writer and pdf converter to create pdf files. Improved collection practices in aktiv kapital and co. Aktiv kapital asset investments limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity.
One of the trends carnegie has followed is the structural change in eastern europe. Our portfolio investment strategy has an absolute return target, which implies that the return requirement for our debt investment is also usually somewhat higher than the market average. She has developed a senior board competence program for nho and holds ownership in startups within tech, real estate and retail china. With aktiv kapital further diversifying our portfolio, pra expects to meet or exceed our twin goals of 20% roe and 15% eps growth. She has held several senior positions, including seb, formuesforvaltning as, first securities asa and abg sundal collier.
Aktiv kapital nordic is a member of swedish national debt office and makes its contributions into it. Aktiv kapital pra group and b2holding asa, most recently, where he served as. Aktiv kapital has over 20 years of experience and more than 7 million customers. The portfolio performance has been assessed for all portfolios and during the 2nd. Pdf capital market development and foreign portfolio investment. Or are you wondering why they keep calling and sending you letters. Portfolio analysis is the process of studying an investment portfolio to determine its appropriateness for a given investors needs, preferences, and resources. Praa has completed its acquisition of aktiv kapital as, a norwaybased leader in. The firm invests primarily in middle market companies. Sales prospectus including annexes and articles of. The shortfall in operating revenue in the 2nd quarter of 2010 compared to 2009 is a combination of a decrease in cash collections. Founded aktiv kapital in 1991, ceo unt il 1998, chairman from 1998 to 2004 in 2005, he founded b2holding as, parent to both gothia financial group and bank2 established the new b2h in 2011 trygve lauvdal board member board member since 20 investment director at rasmussengruppen as, an investment company owned by. All viewers agree that under no circumstances will bnk invest, inc.
He was also the founding partner and ceo of the nordic npl investor and debt recovery specialist sileo kapital ab, which was acquired by b2holding asa in 2014the management team. Pdf on jan 1, 2000, robert ferguson and others published valuing. This increase substantially benefited fl groups portfolio in the domestic market since the companys biggest. Assets pricing model capm was utilized for return estimations for both investment opportunities and benchmark. Overall portfolio activity is high, with several investment opportunities in the groups existing markets. B2holding, through its romanian subsidiary b2 kapital portfolio.
Previously, in nov 2011, portfolio recovery entered the domain of private sector auditing with the launch of pra professional services. Aktiv kapital portfolio as, acting through its zug branch switzerland is a leading investor in nonperforming consumer loan portfolios in europe and canada. A case study in the orphaned universe of small cap equities. And very often investment and financing analysis for decision making use. July carnegie acted as adviser to credit services group aktiv kapital asa in the acquisition of olympia capital asa and was sole manager and bookrunner in the new share issue of nok 1. Aktiv kapital achieved operating revenues of nok 281. Aktiv kapital background a leading investor in distressed consumer debt investment company focused on consumer debt and distressed situations 400 employees in 8 countries, headquarters in norway. Skjerven nygardshaug holds several board positions and provide consultancy services within strategic, organizational and legal matters.
Debt collector portfolio recovery to buy aktiv kapital for. Other includes net fdi flows, other investments and financial derivatives, and discrepancies between balance of payments and monetary statistics, as well as. Aktiv och passiv rantefondsforvaltning en studie pa amerikanska high yieldfonder christoffer nyberg institutionen for finansiell ekonomi och ekonomisk statistik. It is the largest purchaser of nonperforming consumer credits in europe and canada. Within the portfolio segment aktiv kapital had approximately 430,000 paying customers in 2009. Aktiv kapital to be acquired by portfolio recovery associates. Significant investment in the balkans of about eur 30m, with an additional investment of about eur 10m pending. Ik investment partners formerly known as industri kapital is a leading european private equity firm, focusing on investments in the nordic region, benelux, france and germany. Details of aktiv kapital portfolio as in zug address, telephone number.
It was concluded that the malaysian economic policies since the crisis has been focusing on liberalizing the barriers to portfolio investment, in regards to remove restrictions on capital in outflow as well as the abolishment of taxation on capital gains in. Active portfolio management, and closedend fund discounts. John fredriksens largest 2010 investments outperform. An investment in the company involves risk, and several factors could cause the actual results, performance or achievements of the company to be materially different from any future results. Purchase of aktiv kapital provided paneuropean footprint and diversification.
Nordbrekken founded aktiv kapital in 1991, where he. He has broad industry experience across scandinavia, continental europe and the uk covering the last 15 years, including positions in aktiv kapital. A portfolio approach to impact investment pdf jpmorgan chase. Portfolio investments kusin kapital investment company. Global perspective on distressed assets rma conference november 20 alexander holzgreve global head of investments. Europe and the uk covering the last 15 years, including positions in aktiv kapital. Cyclical stocks generally belong to infrastructure or capital. Total foundation asset management and the unified investment. Previous experience from being a portfolio manager at polygon. Mar 28, 2011 john fredriksens largest 2010 investments outperform. Jul 17, 2016 aktiv kapital have you received a debt collection letter or are you getting calls from aktiv kapital. His main focus was to increase the size of the owned portfolio, across all territories within the group.
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