What We Do
Fearnley Asset Management is an investment management company, managing alternative investment funds. The company is the newest business unit within the Astrup Fearnley group and is based in Oslo, Norway. Fearnley Asset Management focuses on two different investment strategies: long/short equities within the energy and shipping space and Nordic high yield bonds. Both our funds are registered as QIAIFs (Qualifying Investor Alternative Investment Fund) in Ireland and can only be marketed to Qualifying investors.
The fund focuses on investing in a portfolio of high yield bonds with a link to the Nordic market. The target of the fund is to deliver consistent return through investing in performing credits. The portfolio will consist of below investment grade rated/unrated bonds and the Portfolio Manager focuses on bottom-up and company analysis when building a concentrated portfolio of creditworthy positions. Risk control is a continuous focus and is identified through analysing the market, the business model and capital structure of the bond issuer. The Portfolio Manager has the possibility to be flexible and opportunistic in the pursuit of investment ideas, taking advantage of long market experience and knowledge.
Fearnley Energy Alpha Fund
The fund is focused on value-driven long/short investments in the energy and shipping sectors globally. The Portfolio Managers target to generate alpha both in the long and short book and achieve stable, uncorrelated investment returns independent of economic cycles. The investment style of the fund is based on traditional fundamental valuation where the Portfolio Managers seek to generate alpha through in-depth fundamental research, industry knowledge along with extensive investment experience and edge. The strategy involves investing in businesses at significant discounts to intrinsic value or companies with underappreciated potential to unlock value. Emphasis is placed on capital preservation, limiting downside volatility, and capturing convexity.