An investment bank is a financial services company or corporate division that engages in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate.
Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers, and some government-sponsored enterprises.
Fidelity Investments Inc., commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is one of the largest asset managers in the world with $4.9 trillion in assets under management as of June 2020 and a combined total customer asset value number of $8.3 trillion. Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, cryptocurrency, securities execution and clearance, asset custody, and life insurance.
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging markets; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. Work by Reuer and Leiblein challenged the claim that joint ventures minimize downside risk.
An open-ended investment company or investment company with variable capital is a type of open-ended collective investment formed as a corporation under the Open-Ended Investment Company Regulations 2001 in the United Kingdom. The terms "OEIC" and "ICVC" are used interchangeably with different investment managers favouring one over the other. In the UK OEICs are the preferred legal form of new open-ended investment over the older unit trust.
Petter Anker Stordalen is a Norwegian billionaire businessman, hotel and property developer and self-proclaimed environmentalist. He has an estimated net worth of US$1.3 billion stemming from investments in hotels, shopping centers and property. Stordalen owns Strawberry, a corporate group consisting of ten companies in real estate, finance, hotels and art. Through Strawberry Hospitality Group, Stordalen owns Nordic Choice Hotels, consisting of over 200 hotels and employing 17,000 people. In the later stages of his career, Stordalen has pursued a number of philanthropic endeavors together with his ex-wife, doctor and environmentalist Gunhild Anker Stordalen, donating large amounts of money to various charitable organizations within climate change and scientific research programs through the Stordalen Foundation, established in 2011. From October 2019 co-owner of SunClass Airlines.
Christen Sveaas is a Norwegian businessman, investor, art collector and donor. He is the founder and sole owner of Kistefos AS, Vice Chairman of the Board of the Kistefos Museum and Chairman of the Board of Anders Sveaas Allmennyttige Fond.
The Kistefos Wood Pulp Mill is a former pulp mill and hydroelectric power plant in Jevnaker, Norway. It was founded by Kistefos at the river Randselva in 1889.
Viking Supply Ships is a supply shipping company based in Kristiansand, Norway. Owned by Kistefos it owns four anchor handling tugs, six platform supply vessels and seven barges as well as for anchor handling tugs on order.
Anders Sveaas was a Norwegian businessperson and consulate. He was the founder of the Kistefos Wood Pulp Mill in Jevnaker, Norway.
Waterfront Shipping is a shipping company that operates six clean product tankers each at about 84,000 deadweight tonnes. The company is based in Oslo, Norway and is a subsidiary of Kistefos. Commercial management is performed by Dampskibsselskabet TORM of Denmark while Tesma Denmark performs technical management.
Western Bulk is a global dry bulk shipping company operating around 150 vessels in the handysize to panamax category. The headquarter is located in Oslo, and the company has offices in Singapore, Seattle, Santiago and Casablanca.
Bagatelle was a gourmet restaurant in the borough Frogner in Oslo, Norway.
Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the "practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage." Examples of CVCs include GV and Intel Capital.
Oslo Science Park is a science park located in Oslo, Norway. It is operated by Oslotech; its two main shareholders are the University of Oslo and Industrial Development Corporation of Norway (Siva). Its smaller shareholders include a large number of public institutions and private companies.
The Marit Sveaas Minneløp is a Group 3 flat horse race in Norway open to thoroughbreds aged three years or older. It is run over a distance of 1,800 metres at Øvrevoll in August.
Crispin Gurholt is a Norwegian artist based in Oslo and Berlin, known for his Live Photo projects since 2000. Live Photos are site-specific, live installations, where the artist stages people in carefully directed tableaus. The settings are often trivial and ordinary – a bookshop, a street corner, a hairdresser`s. The models, posing in a frozen photographic moment, are viewed by the audience through a natural or artificial barrier such as a shop window or a sheet of mounted plexiglass. The live performances normally have a duration of two hours.
The Kistefos Museum is a contemporary art museum and sculpture park located in Jevnaker, Norway. The art park first opened to the public in 1996 with an exhibition of 25 sculptures. Founded by Christen Sveaas, the biggest shareholder of Kistefos, a privately owned investment company, the museum sits on the site of a disused wood pulp mill and includes the Kistefossen waterfall. The 17.6-hectare art park runs around the Randselva river and the surrounding areas, including old factory buildings such as the pulp mill and other buildings leased by the Kistefos group. With donations from the Jevnaker municipality and Christen Sveaas, Kistefos holds two art galleries, a museum, and a sculpture park currently containing 46 sculptures, by both Norwegian and international artists. Kistefos Museum was listed as one of ten technical and industrial cultural heritage sites by the Norwegian Directorate for Cultural Heritage, acting as a modern, industrial monument worth preserving as part of Norwegian and Scandinavian culture.
NOK 14 379 million (2018)