2019 return on capital was the highest on record at 13.03%. The best year since inception in 2015 saw invested capital rise to NOK 600m, with risk kept to the absolute minimum. Pinemont’s ability to deliver benchmark-beating returns year in, year out has cemented the fund as one of the stars in Europe.
Here is a copy of the 2019 Portfolio Managers Report. We decided to close the fund end of July 2021 and repay investors in cash.