About the company

Founded in 2006, Storm Capital Management is an independent asset management company owned by its partners. The company is based in Oslo and focus exclusively on the management of credit strategies. We are regulated by the Financial Supervisory Authority of Norway (organisational number: 989 309 439).


YTD 1.2%

12 MND 4.7%

3 YEARS (P.A.) 4.2%

update Latest performance as of 01.07.2022

Storm Bond Fund

Storm Bond Fund is a Nordic Corporate Bond Fund that was incepted in September 2008. The fund has a SICAV/UCITS structure and is domiciled in Luxembourg. The fund invest in corporate bonds, predominantly focusing on the High Yield space in the Nordic markets. Fully hedged share classes are available in the following currencies: NOK, SEK, EUR, CHF, USD and GBP.

Concentrated, but diversified across industries

We rely on a fundamental investment process as capital preservation and avoiding permanent losses is key to our management style. A concentrated portfolio across number of holdings is therefore considered crucial.

Adjusting duration with floating rate notes

The Nordic Corporate Bond Market has both floating and fixed rate notes, which makes it easier to adjust duration accordingly.

Aligned interest with our clients

The portfolio managers and other key employees are heavily invested in the fund, as we believe aligned interests to be key.

Transparent reporting

We emphasize the importance for clients to be well informed.

Our Team

Morten E. Astrup


Morten has more than 25 years of financial and asset management experience with focus on the Nordic markets. He founded Storm Capital Management in 2006 and has experience from a wide range of sectors and strategies. Morten holds a MSc in Business and Economics from the Norwegian Business School (BI). He is the executive Chairman of Storm Bond Fund and has been one of the largest investors in the fund since inception.


Morten Venold


Morten has 14 years of credit research and finance experience. Prior to joining Storm in 2015, he worked as a credit research analyst at Arctic Securities in Oslo, covering High Yield issuers in the Nordic region. Before that he worked for ABG Sundal Collier and DNB in London. Morten holds a BSc in Business and Economics from the Norwegian Business School (BI), and a MSc in Finance from Cass Business School in London.


Marcus S. Mohr


Marcus has 12 years of experience from business development and investment banking. Before he joined Storm in 2012, Marcus worked in the investment banking division at Citigroup in London. He holds a MSc in Finance and Economics from the University of Strathclyde (completed with distinction).

email LinkedIn phone_iphone +47 951 35 853

Dagfinn Sundal


Dagfinn has 9 years of experience from auditing, compliance and as a financial controller. Before he joined Storm he worked as a senior Financial Controller at Schibsted Media Group and as a state authorised auditor at EY in Oslo. He holds a MSc in Business and Economics, and a MSc in Professional Accountancy from the Norwegian Business School (BI).

email LinkedIn phone_iphone +47 900 74 858

Tore Andersen


Tore has more than 25 years of experience from fund selection, sales and marketing. Prior to joining Storm in 2012, Tore worked for an independent financial consultancy that acquired Axir ASA (an independent financial consultancy in Norway founded by Tore in 1995). He holds a BSc in Marketing from the Norwegian Business School (BI).

email LinkedIn phone_iphone +47 920 35 908

Berit Margrethe Ishaug


Berit has 30 years of experience from accounting. Before joining Storm, she was an accountant at the Nordic investment bank Arctic Securities in Oslo. She holds a BSc in Business and Economics from the Norwegian Business School (BI).


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Board of Directors

The Board of Directors consist of qualified professionals with key knowledge about asset management and the financial markets in the Nordics. We utilise their knowledge and network actively.

Erik M. Mathiesen


Erik has vast experience from asset management, both from an operational and the board side. He is the CEO and founding partner of Aqualung Carbon Capture and in addition sits on the boards of Segulah (a Swedish Private Equity fund) and on the advisory board of Carnegie (Norway) among others. He have also held senior roles at Siem Industries (a family office).

Ragnar Sjoner


Ragnar has been fundamental in the development of the Nordic Corporate Bond market.

He founded Nordic Trustee in 1993 (a bond trustee in the Nordics) and was the CEO until he sold the company in 2016.
Ragnar sits on several boards in Nordics.

Bertel O. Steen


Bertel is a principal of Steen Family Office. Before starting in the family office, he worked for the Nordic investment Bank RS Platou Markets, focusing on bonds and equities. He holds several board positions in the Nordics. 

Ulrik Otto Engelschion


Ulrik currently works with financing in the oil & gas, shipping and infrastructure sector. He has a broad experience in financial markets from companies such as RS Platou Markets and Sparebank 1 Markets.

Morten E. Astrup


Morten is the CIO and founding partner of Storm Capital Management. He has more than 25 years of financial and asset management experience with focus on the Nordic markets.

Latest News

Monthly report – February 2022

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Published on: 04-03-2022

Monthly report – January 2022

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Published on: 04-02-2022

Monthly report - December 2021

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Published on: 11-01-2022

UNPRI signatory

Storm Capital Management has successfully been approved as a signatory of the United Nations' Principles of Responsible Investments Read more

Published on: 22-03-2019

Contact Us

Storm Capital Management AS Org. number: 989 309 439
pin_drop Visiting address

Dronning Mauds gate 3
0250 Oslo

email Postal address

Postboks 1608
0119 Oslo