Sector’s global healthcare team comprises six investment professionals, who together have more than 50 years’ experience of investing in the global healthcare sector. The two portfolio managers, Trond Horneland and Trond Tviberg, have worked together for over 10 years, managing top-quartile long-only healthcare funds and an award-winning hedge fund.
The team is organised as a separate investment company, Sector Gamma AS, which is owned by the investment professionals and the Group’s holding company (Sector Asset Management AS). Sector Gamma AS is a regulated investment firm, authorised by the Financial Supervisory Authority of Norway to provide active management services and investment advice.
The team currently manages two products. A market-neutral equity hedge fund, Sector Healthcare, was launched in September 2005. This was followed by a long-only UCITS fund, Sector Healthcare Value Fund, which was launched in November 2010.
The healthcare sector is dominated by company-specific factors such as new product launches, as well as the inherent cyclicality caused by individual patent expirations. Given the dynamic nature of the industry, it has historically been an attractive universe for active stock selection strategies.
The team seeks to add value through fundamental research, a rigorous investment process and an adaptive portfolio construction process. As a bottom-up value-based investor our portfolios often have a contrarian tilt and early-stage biotech investments are largely avoided due to risk considerations.
The team comprises the following professionals:
Trond Horneland, born 1972, is an investment manager at Sector. Before joining Sector in 2005, he was Head of Global Healthcare at DnB NOR Asset Management in Norway, where he was responsible for managing all DnB NOR global healthcare investments. He joined DnB NOR in 1998 as an analyst/portfolio manager covering the healthcare sector. Mr Horneland holds a Master’s degree from the Norwegian School of Economics and Business Administration.
Trond Tviberg, born 1968, is an investment manager at Sector. Before joining Sector in 2005, he was Portfolio Manager in the Global Healthcare team at DnB NOR Asset Management in Norway. Mr Tviberg joined DnB NOR in 1999 after five years in US Equity Sales at S.G. Cowen in London, covering in particular healthcare and technology stocks. Mr Tviberg holds a BSc (Hons) in Computer Science and Economics as well as an MBA from Edinburgh University.
Thomas McKeon, born 1968, joined Sector in 2009. Before joining Sector he was Head of Global Healthcare at DnB NOR Asset Management in New York, where he had been responsible for managing DnB NOR global healthcare investments since 2005. Mr McKeon joined DnB NOR in 2003 as a portfolio manager in the Global Healthcare team at DnB NOR Asset Management after working for four years as a senior analyst covering Healthcare and Medical technology stocks at Nippon Life Insurance, PNC Advisors and Prudential Securities. Mr McKeon holds both an MBA and an MS from the University of Maryland.
Are Søberg joined Sector Gamma as a Junior Portfolio Manager in August 2015. He came from Sector’s Fund Operations team where he for 6 years handled currency trading, profit/loss reporting, risk monitoring and various projects across Sector’s funds. Mr. Søberg holds an MBA from Imperial College London with a thesis focusing on risk models and related market anomalies.
Vegard Vistven, joined Sector Gamma in January 2017. He was previously employed within Sector’s Investor Relations team where he for 2 years handled international clients. He has 15 years financial industry experience from London, New York and Oslo. He has previously worked for Nordea, Carnegie, First Securities, SpareBank1 and Bloomberg in Senior Equity Sales and Research positions.
Arild Blikom, joined the Global Healthcare team in February 2017. He was previously employed within Sector’s Fund Operations team, where he headed IT and Risk for 6 years. Arild has previously worked for Det Norske Veritas AS where he worked as a risk management consultant in DNV Energy Solutions’ section for Business Risk Management. The work in DNV was within quantitative risk management especially related to offshore oil & gas development projects. Mr. Blikom holds a M.Sc within Business, Economics and Finance from the London Metropolitan University.