TIND Asset Management, based in Oslo, Norway, manages the TIND Discovery Fund, which invests in small- and mid-cap companies in the Nordic region. The firm uses a research-driven, bottom-up approach to identify undervalued companies. TIND Asset Management also manages a separately managed account for a non-U.S. client. The firm is authorized and regulated by the FSA in Norway.
Fee Structure
TIND Asset Management manages investments for a private fund and a non-U.S. client. The management fee for the fund is 1.5% per year of the fund's net asset value. A performance fee of 20% may also be charged if the fund's performance exceeds a 6% annual hurdle rate. The firm also receives reimbursement for reasonable out-of-pocket costs and investment-related expenses.