Kirk Kapital establishes asset management arm
General news /01.12.2020
The family-owned investment company Kirk Kapital A/S has established a subsidiary, which the Danish FSA has approved to operate as an asset management company. The company is named Kirk Kapital Fondsmæglerselskab A/S
Kirk Kapital currently manages assets on behalf of the Kirk Johansen families, who are descendants of the founder of LEGO, Ole Kirk Christiansen, as well as the charitable foundation, Edith & Godtfred Kirk Christiansen’s Fond.
Furthermore, Kirk Kapital partnered with the Nissen family in 2019 with a mandate to manage their assets after the sale of Nissen Køleteknik. Altogether Kirk Kapital has approximately DKK 10 billion (EUR 1.3 billion) assets under management.
After a redefinition of the investment strategy in 2018, Kirk Kapital has completed several divestments and instead focused its investment activities within the two main categories; Financial Investments and Strategic Investments.
Going forward, all activities within Financial Investments will be managed by the Kirk Kapital Fondsmæglerselskab. The asset management company will subsequently manage six larger portfolios including the Nissen family as well as several smaller portfolios. Teis Knuthsen, CIO of Financial Investments, continues as head of portfolio management.
“Applying for a license from the Danish FSA came from an ambition to be measured against the highest standards in relation to, e.g., compliance, reporting and risk adjusted returns. Our clients and shareholders should not choose us based on the name but on our accomplishments” says Kim Gulstad, CEO at Kirk Kapital.
Morten Huse Eikrem-Jeppesen, PressConnect for Kirk Kapital, +45 53 85 07 70