ABOUT US

Meritum is a Danish-based asset manager ideal for clients seeking long-term deployment of capital in the equity market. Our investment portfolio is: 

  • Long only with one portfolio and no use of derivatives nor currency hedging.
  • Focused on listed companies in the US and Europe.
  • Concentrated investments in 15-20 select companies (max position size of 15 pct.).
  • Industry agnostic, however with no investments in weapons, gambling nor tobacco.
  • Investable for entities complying with MiFID's definition of a professional investor.

Our investment philosophy and framework

LONG-TERM COMPOUNDING

The foundation of our investment philosophy is that growth of the free cash flows in our companies will drive long-term returns. This must be combined with a fair price.

INDUSTRIES

We don't like change. Growing industries with a low rate of development and high long-term predictability provides comfort.

BUSINESS FOCUS

Relentless focus on high-quality companies that can maintain business strengths and earnings growth at high incremental returns and carry out value-creating capital allocation.

INVESTMENT HORIZON

Our preferred ownership period is forever. We focus on low trading activity as long-term ownership creates the best long-term returns.

VOLATILITY

As we have high comfort with our companies we see volatility as an opportunity rather than a risk. When prices fall, the expected return in our companies will generally increase.

PORTFOLIO ALLOCATION

All allocation decisions are made based on an assessment of quality and expected return (IRR), which is why significant price fluctuations can lead to ongoing adjustments in the portfolio.

About the team

Jakob Møller, Partner & Portfolio Manager

More than 10 years of professional experience of investing through various roles at Lind Invest, including 7 years as a portfolio manager. Holds a Graduate Diploma in Accounting and Financial Management and a Master of Science in Finance and International Business (Cand.Merc.FIB) from Aarhus School of Business.

Steffen Jørgensen, Partner & Portfolio Manager

More than 10 years of professional experience of investing through positions in Aktieinfo, Lind Invest and BLS Capital, lastly as portfolio manager at Lind Invest. Holds a Master of Science in Business Economics (Cand.Merc Management Accounting) from the University of Southern Denmark in Odense.

Matthias Herskind, Portfolio Manager

More than 5 years of professional experience of investing through positions at various asset managers, lastly as a Senior Associate in the Flagship Investment Team at Copenhagen Infrastructure Partners. Holds a Master of Science in Finance and Accounting (Cand.Merc.FIR) from Copenhagen Business School.