Sissener Canopus UCITS Marks Five Years

Sissener’s assets have grown to over two billion Norwegian Krone, which is approximately $250 million at current exchange rates. Nearly all of the investor base is Norwegian, high net worth individuals. Most are based in Norway but there are a few expatriates. Sissener has, thus far, done very little marketing outside Norway, and has not yet registered the fund for sale in many other EU countries. Having passed the five year mark that many institutions insist on, Sissener is now seeing inflows ramp up and some local pension funds have started allocating. All of the firm’s assets are now in the UCITS fund. When the company started eight years ago, assets were in unlisted closed ended funds for the first few years.