Carsten Dehn

Lannebo-Denmark aims to create value by being an active owner that makes clients' investments grow by helping the companies they invest in succeed. The firm only invest in areas and companies where they can have a qualified opinion on future development.

SEB-AM is an active, GARP-oriented investment manager with a long-term outlook. The firm invests in European fixed-income and equity with a strong domestic focus. The firm's investment philosophy is thematic. The investment process starts with a top-down global view, aiming to identify factors affecting the global economy, particularly new trends and themes. The themes are used to put regions, industries and sectors in perspective and to rank companies within sectors, evaluating potential competitive advantages. SEB-AM seeks to invest in companies for which a competitive advantage is likely to result in exceptional growth over the long-term. Investment decisions follow a bottom-up process based on fundamental research, focusing on management quality, market position, balance sheet soundness and share price potential. Model portfolios are created, that are then mirrored or customized into fund and discretionary portfolios. Macroeconomic fundamental analysis is shared within the SEB group, supplementing in-house research that focuses on the domestic market.

SEB Denmark actively manages stock and bond portfolios based on a theme-based investment process. They believe that value is maximized by maintaining investments in promising stocks for long periods and their ideal investment horizon is very long. Risk management is an integral element of the firm’s investment process and is performed through solid internally-managed products and specialized products which they manage in cooperation with external partners. The products are offered as discretionary mandates or as mutual funds. SEB Denmark invests in a range of instruments including Danish equities, Danish fixed-income, European bonds and European equities. For other asset classes such as US high yield bonds, emerging market bonds, Japanese stocks and emerging markets equities, they work with external managers selected on the basis of a comprehensive institutional search and selection process.