News review, July 4

First, we of course note that today is July 4 and the US is celebrating the Independence Day. On his end, Donald Trump is celebrating that Congress passed his “big, beautiful bill”, a bill that has caused concern over the rising debt level in the US.
 
Not technically this week, but the global asset management industry has been collecting its thoughts, having absorbed a lot of insights and networking at the 35th annual FundForum in Monaco last week. Tell Media Group was present at the event and Niklas Tell moderated a panel discussion with Nordic selectors and family offices.
  
On Monday this week we learned that Länsförsäkringar is acquiring Savr, the fund distribution platform. The company’s venture capital backer Incore Invest writes about the deal here.
 
In Denmark, another online savings platform (Norm Invest) announced that they have a new main owner in the form of the Danish Liberatio Family Office.
 
Another news item from Denmark came on Wednesday, when Formuepleje announced that they have entered into a partnership with IIP to provide its clients access to private equity co-investments. It should be noted that Formuepleje and IIP share an owner in family office Lars Larsen Group.
 
On the international stage we learned that State Street Global Advisors is now State Street Investment Management. 

In Norway, the government announced on Tuesday that it would move ahead with one of its regular reviews of the Government Pension Fund Global (also known as the “oil fund”). The last review was done in 2022. To conclude the week, Air France-KLM announced today that it intends to increase its stake in SAS’s share capital, from 19.9 per cent currently to 60.5 per cent, via a full acquisition of the stakes held by Castlelake and Lind Invest. The Danish family office Lind Invest has a holding of 8.6 per cent of the shares.