Nordic Investment Partners
Welcome to Nordic Investment Partners
About Nordic Investment Partners
Nordic Investment Partners was founded in 2017 by Ole Søeberg. Ole has a broad and long experience in global equity markets since early 1980's. He has been in investment banking, Investor Relations in large corporates and Asset Management and in various leadership roles.
Nordic Investment Partners functions as a family office. However, being a long term investor there's time for other activities such as;
Advisory, research and consultancy is provided within
- Investment inspiration for investment funds and family offices. Focus on wealth preservation and growth using GARP and deep due diligence. External roadmaps are provided on a quarterly basis. The roadmaps have worked quite well over time
- Ambassador and introducer for Coeli Global Select. Global long only, concentrated portfolio (30 stocks), growth without overpaying. Since inception in 2014 the fund has returned 15% per year (in SEK) and 3% better than MSCI World
- Nordic Value investment learning and inspiration conference
- Contributor and participator at Cyprus Value, ValuEspana, MOI Global and SumZero. Investor idea sharing and alays good education and inspiration
- Advisory board in Bristlecone Pacific - investing in the longevity ecosystem
- Other advisory assignments within plant based protein production, specialist witness, M&A potential within the Nordic asset managment universe, IPO pricing and corporate equity story (IR) refinement advisory
- Nordic Value investment conference. Ideas for paying participants only
Reach out if you're interested knowing more. You can reach me on ole.soeberg@nordic-investment-partners.com
On this website you find
- Investment roadmaps and quarterly updates for inspiration and education only
- Nordic Value Conference - a conference for investment entusiast sharing investment ideas. More on Nordic Value section on this site
Contact
Nordic Investment Partners is owned by Ole Søeberg. More on LinkedIn
info@nordic-investment-partners.com
Fell free to reach out via the boxes below:
Monthly observation
No one rings a bell at the peak
23 October 2023
By end July 2023 stock markets were at the highest levels in 2023. Since then the indicies are down 8-10%. Why is that ?
10 year government bond yields have risen from nothing in 2021 to give you 5% yield in USA and 3% in Euriope. From return free risk to the more normal risk free return rate. While bonds do not grow their returns at least you don't have to think about how companies sales and earnings will perform. A lot of investors that normally only save in bonds and cash moved to the stock market when 10-year bond yields where zero. I call those investors for stock market tourist as they are normally not interested in the stock market. And they are with good reason leaving stocks now as they get a decent return on bonds. Unfortunately, some of those investors did not get positive returns so they will likely not return to stock markets in a foreseeable future.
Timing the markets is very difficult, however direction and what Mr Market thinks about the future can be derived from a few data points. The US market is the drum beat for global stocks. US is valued at 17x 2024 earnings or a earnings yield of 5.8%. Thats a small margin to the 5% interest rate on 10 year bonds. On top stock market investors in S&P500 have the opportunity and risk that 2024 earnings will differ from the current estimate of 247$. Its could be 200-220$ in a modest recession and it could be 265$ if inflation fades away and global acivity picks up.
No-one knows and there's no bells ringing when markets peak and bottom
If you just wait long enough stock prices will follow earnings and in the long run earnings tend to go up faster than the overall increase in economic activity levels. And by the end of 2025 global stocks could be past the peak from January 2022.
