Huddlestock merges with Norwegian fund manager; names new CEO
8th May 2019
Level39 member Huddlestock has today announced a merger with leading Norwegian fund manager, Dovre Forvaltning. Dovre Forvaltning is a household name in the finance industry of Norway and has become one of the most well-known fund managers in the country. Dovre’s Chief Investment Officer Stig Myrseth has been named the new CEO of Huddlestock.
Huddlestock has been named one of the global game changers in wealth management by CB Insights and Fintech.Global. Its scalable B2B2C solution opens up traditional hedge funds to everyday users. Dovre manages two funds which will both be available on the Huddlestock platform.
Financial technology is levelling the playing field for many investors. Huddlestock has been one of the pioneers in the wealth management space, giving access to institutional grade investment ideas to everyone, regardless of their net worth. That is truly democratising accessibility to investments. Together with Huddlestock, we can do even more, like bring liquidity to small cap stocks and start-ups through our patented crowd-trading and funding solutions,” says Stig Myrseth, new CEO of Huddlestock
“Dovre and Huddlestock is the perfect match between a traditional fund manager, that has a long track record of managing funds, and a new technology platform like Huddlestock. Our focus has been investing into product the last couple of years, Dovre brings the personal touch, and a known brand as one of Norway’s leading asset managers. Now our focus will be sales and scaling Huddlestock globally,” says Murshid M. Ali, co-founder and board member of Huddlestock.