Verkkis issued a flagging notification regarding a new owner exceeding the 5% threshold:
So, TIND Asset Management now owns slightly over 5% of Verkkis shares.
A quick glance at the fund’s principles looks interesting:
TIND Asset Management is a partner-owned single strategy manager based in Oslo. We manage the TIND Discovery Fund, a high conviction, long-biased portfolio of small- and mid-cap investments in the Nordics based on bottom-up fundamental research generating an information edge. The Fund was launched in November 2023 and is an open-end Qualifying Investor Alternative Investment Fund domiciled in Ireland. The investment approach is absolute return focused, emphasizing valuation discipline, both in terms of maximizing returns and mitigating risks.
In other words, this fund is focused on the long term, especially in small and mid-cap companies. They base their investment decisions on their own research.
Well, perhaps one shouldn’t put too much weight on this yet, as it is a relatively fresh fund from 2023. On the other hand, the team seems to have some expertise:
Christer Bjørndal as CEO, former founder and responsible portfolio manager at another Norwegian hedge fund player, this venture brought together a team of former colleagues from Norges Bank Investment Management (NBIM), Norway’s Oil Fund
Source: Discover the TIND Discovery Fund - HedgeNordic
It isn’t exactly massive in size: AUM $319.0 M (2025-07-15) ( TIND Asset Management as | AUM 13F)
In any case, it is likely very welcome that the company has gained a new significant owner who looks at things with a longer time horizon. And one has to hope they see much more in the company than what the very recent performance suggests (purchases were presumably made in May - so they seem to have hit a good spot).
Positive signal?