Storm Capital Management Ltd. was founded in 2006 by Morten E. Astrup and
Erik M. Mathiesen.
Storm Nordic Fund was launched in November 2006, under SEB Fund Services Luxembourg's umbrella. The Fund had previously been traded as the Norwegian domiciled fund called Orn Norden AS, with a track record dating back to 2002. The objective was to provide investors with the opportunity to invest in the energy, transport and real estate industries in the Nordic markets by taking advantage of the expertise of the portfolio managers.
Storm Bond Fund was launched in September 2008, as a response to demand from investors and the opportunity seen by the managers in the credit market. Storm Bond Fund exclusively invests in bonds in the same markets as Storm Nordic Fund, both funds are administrated by Oppenheim Asset Management Services S.à.r.l.
Storm Real Estate ASA was launched in November 2008 when Storm Capital Management Ltd. took over the management of the Norwegian company, E-Star Property AS, by taking an activist approach to one of its investments on behalf of Storm Nordic Fund. The Company has invested in two yielding properties in Moscow and St. Petersburg. It is traded on the Oslo Stock Exchange, ticker STORM.