Foundation Asset Management
AB (FAM AB) is a
Swedish asset management company, founded by the three largest
Wallenberg foundations in order to manage their
asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can b ...
s, by means of direct ownership as well as through management and
consultancy
A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Con ...
agreements. It is chaired by
Marcus Wallenberg who also chairs Wallenberg Investments AB, which is the holding company that directly owns FAM AB.
These foundations and their donations are administered and handled through a subsidiary. The Wallenberg Foundations refers to 16 non-profit foundations founded by members of the
Wallenberg family which makeup what is described in Sweden as the Wallenberg ecosystem.
Ownership and structure
FAM AB is owned by Wallenberg Investments AB, a company that is fully owned by the three largest
Wallenberg foundations consisting of the following:
*''
The Knut and Alice Wallenberg Foundation'', founded 1917.
*''
The Marianne and Marcus Wallenberg Foundation'', founded 1963.
*''
The Marcus and Amalia Wallenberg Foundation'', founded 1960.
The Wallenberg Foundations benefit from all dividends earned by Wallenberg Investments AB, of which 80% is then funneled in grants by the foundations and 20% is reinvested via Wallenberg Investments AB.
The Wallenbergs, through FAM AB, were major shareholders of Swedish
flag carrier
A flag carrier is a transport company, such as an airline or shipping company, that, being locally registered in a given sovereign state, enjoys preferential rights or privileges accorded by that government for international operations.
Histo ...
SAS since 1946, controlling a stake of 7.5% of the company. Their stake in the company ended as part of the airline's restructuring after the COVID-19.
Largest holdings as of 31 December 2023
Sources:
*
SKF
AB SKF (, 'Swedish Ball Bearing Factory') is a Swedish bearing (mechanical), bearing and seal (mechanical), seal manufacturing company founded in Gothenburg, Sweden, in 1907. The company manufactures and supplies bearings, seals, lubrication an ...
– SEK 13.7 billion (15% stake, 29% voting rights)
*
Stora Enso – SEK 11.1 billion (10.2% stake, 27.3% voting rights)
*Munters – SEK 8.4 billion (28% stake and voting rights)
*
Kopparfors Skogar – SEK 10 billion (100% stake and voting rights)
*
Höganäs – SEK 5.8 billion (50.0% stake, 50.0% voting rights)
*
Grand Group – Unlisted (100% stake and voting rights
Full list of holdings
References
External links
Official site
Companies related to the Wallenberg family
Foundations based in Sweden
Asset management companies
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