Norwegian Billionaire Halvorsen's Top 10 Stock Picks
Ole Andreas Halvorsen, the founder and CEO of Viking Global, has built one of the most respected names in the hedge fund world.
Ole Andreas Halvorsen is one of the most successful Tiger cubs. Norwegian Halvorsen launched Viking Global at the end of 1999 with former Tiger employees David Ott and Brian Olson. Viking Global returned an astonishing 89% after fees in its first full year.Viking is a long/short global equity fund with a bottom-up stock picking approach. Brian Olson left Viking in 2005 and David Ott stepped down in 2010. Between June 2005 (when Ott became the CIO of Viking) and March 2010, Viking Global returned 119% vs. 11% for the MSCI World Index. Viking Global charges 1.5% management fees and 20% incentive fees from investors. Viking Global Equities lost 1.9% in 2008, gained 20% in 2009, and returned 3.8% in 2010.
