Focused. Active. Independent.

For Professional Investors only


About us

CARN Capital is an independent investment organization located in Oslo. The firm has a long-short strategy investing in European equities, with focus on the Nordics.

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Business principles

  • Independent

  • Focused

  • Long-term

  • Aligned interests

  • Transparency

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Investment philosophy & strategy

  • True active management

  • Under-researched companies

  • Quality companies

  • Value investing and fundamental research

  • Ethical guidelines

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The team

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    Andreas Bomann-Larsen

    CEO, Partner

    Andreas started his career as equity analyst in First Securities where he worked in the period 2003 to 2007. From 2007 until 2013 Andreas worked on the investment team in the asset management firm Formuesforvaltning. He was member of the firm’s 5-person investment committee who was responsible for the firm’s investment portfolio of NOK 45 billion (USD 6 billion). During his time in Formuesforvaltning Andreas was responsible for the Nordic equity portfolios, the global equity portfolios, and the hedge fund portfolios. In June, 2013 he founded what is today CARN Capital.

    Andreas has a Master of Science Degree in Business Administration from the Norwegian School of Economics. He is also an Authorized Portfolio Manager and has completed studies in Advanced Valuation from The Norwegian Society of Financial Analysts and Norwegian School of Economics.

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    Christer Bjørndal

    Senior Portfolio Manager, Partner

    Christer has been working in Norges Bank Investment Management (NBIM), the Norwegian Sovereign Wealth Fund, for nine years before co-founding CARN Capital.. He has experience from operations, risk, and analysis and portfolio management. He started as Analyst in Fixed Income in New York, and then moved on to become Regional Operations Manager in Asia. For the significant part he has been an Analyst and the latest years he has been a Portfolio Manager responsible for an equity portfolio of NOK 50 billion (USD 7 billion).

    Christer has both a Master of Science and MBA degree from the Norwegian School of Economics within Finance. He is also a Norwegian and European Certified Financial Analyst and Authorized Portfolio Manager from The Norwegian Society of Financial Analysts and Norwegian School of Economics.

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    Jonas Skattum Svegaarden

    COO, Partner

    Jonas was working at Svenska Handelsbanken Capital Markets for nine years before co-founding CARN Capital. He has vast experience from asset management and the global securities industry. The last 5 years in Svenska Handelsbanken, he held the position as Country Head of Securities Services. His responsibilities covered the entire space of securities services, such as custody, fund accounting, operations, asset servicing, depository services and issuance services. He was responsible for securities portfolios of NOK 350 billion (USD 44 billion), invested in 60 markets globally, across various financial instruments, on behalf of Norwegian and International institutional investors. He also held positions as Head of Operations, Compliance Officer and Depository Manager.

    Jonas has a Master of Business and Economics (MBE) within Finance from BI Norwegian School of Economics in Sandvika, and is authorized Securities Dealer by the Norwegian Securities Dealers Association.

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    Knut Anton Mork


    Knut Anton has more than 40 years of experience from finance and academia. Mr. Mork started his career in academics at MIT, University of Arizona, Vanderbilt University and the Foundation for Research in Economics and Business Administration (SNF). He has also been professor at BI Norwegian Business School. He then switched over to the financial industry. From 1996 until 2016 he was Chief Economist Norway and Senior Economist at Svenska Handelsbanken. He headed the macroeconomic research group in Oslo, a part of a global macro team. He has twice headed Norges Bank Watch.

    In addition to his role at CARN, Mr. Mork recently headed a government appointed Committee bearing his name, with a charge to reevaluate and consider possible changes to the equity share and the reference indices for the Norwegian Government Pension Fund Global. He is also an Adjunct Professor in financial economics at the Norwegian University of Science and Technology (NTNU).

    Mr. Mork holds a PhD in Economics from Massachusetts Institute of Technology (MIT).

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    Bjørn-Atle Reme

    Senior Analyst

    Bjørn-Atle started his career at the Norwegian Competition Authority, before pursuing a PhD in Economics at the Norwegian School of Economics (NHH), specializing in the analysis of strategic interaction in markets and behavioral economics. As a part of his PhD studies he spent two years at Harvard University. He then went on to work in Telenor Research as a Senior Research Scientist in an expert group specializing in analysis of consumer behavior and market interaction. Bjørn-Atle also has extensive experience in applied econometrics, holds guest lectures at NHH and has published research in highly ranked academic journals.

    Bjørn-Atle also holds a master’s degree from Norwegian School of Economics (NHH) with economic analysis as specialization in addition to his PhD degree.

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