The David Swensen of the North

When you search for Gustav Karner at LinkedIn and read his “About” section, it says: “Only ONE Negative Year, 2008. Down 0.6%”. Asked about how he’s done it, Gustav Karner says that there are many different reasons, but that having an excellent network helps a lot. The willingness and opportunity to use advanced instruments to protect the downside is another important factor.

“Coming here and working with the financial markets is my job, but it’s also my biggest personal interest. It’s something I spend time on also outside of working hours. I of course do other as well, such as golf – however so far without much success,” he says. Commenting on the importance of having an excellent network, Gustav Karner mentions that with a small internal organization they are dependent on good relationships with external analysts as well as having a knowledgeable investment committee. Regarding the willingness and opportunity to use instruments to protect the downside, Gustav Karner reflects back on