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Auður Capital
Auður Capital () was a financial service company, founded in 2007 by two Icelandic businesswomen, with the aim of incorporating feminine values into finance. Halla Tómasdóttir was Auður's executive chairman and Kristín Pétursdóttir was the company CEO. The company offered wealth management, private equity advice and corporate advice. It attempted to correct what it perceived as a historic lack of balance and diversity in the financial sector. The founders blamed the 2007 financial downturn on high-risk behavior, short-term orientation and a narrow definition of results which had driven the financial sector for the past years. Auður succeeded in preserving the funds of its clients when the Icelandic banks collapsed in October 2008. In December 2008 Auður announced the launching of BJÖRK, a private equity fund, established by Auður Capital and the renowned musician Björk Guðmundsdóttir Björk Guðmundsdóttir ( , ; born 21 November 1965), known mononymously as ...
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Financial Service
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ...
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Iceland
Iceland is a Nordic countries, Nordic island country between the Atlantic Ocean, North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the region's westernmost and most list of countries and dependencies by population density, sparsely populated country. Its Capital city, capital and largest city is Reykjavík, which is home to about 36% of the country's roughly 380,000 residents (excluding nearby towns/suburbs, which are separate municipalities). The official language of the country is Icelandic language, Icelandic. Iceland is on a rift between Plate tectonics, tectonic plates, and its geologic activity includes geysers and frequent Types of volcanic eruptions, volcanic eruptions. The interior consists of a volcanic plateau with sand and lava fields, mountains and glaciers, and many Glacial stream, glacial rivers flow to the sea through the Upland and lowland, lowlands. Iceland i ...
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Halla Tómasdóttir
Halla Tómasdóttir (; born 11 October 1968) is an Icelandic former businesswoman and politician serving as the seventh president of Iceland since 2024. She is Iceland's second female president, after Vigdís Finnbogadóttir. Halla was previously a public speaker. Before becoming president, she was the chief executive of The B Team, a global nonprofit group. Early life and education Halla graduated from Verzlunarskóli Íslands in 1986, and afterwards moved to the United States as an international student, where she attended Evansville Central High School and graduated from Auburn University at Montgomery with a bachelor's degree in business administration, with a focus on management and human resources, in 1993. She received a Master of Business Administration degree from the Thunderbird School of Global Management at Arizona State University in 1995. Early career Halla is a former member of the founding team of Reykjavík University in 1998. She also co-founded Auður Capit ...
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Private Equity Fund
A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years (often with one- or two-year extensions). At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional (where all the investors invest with equal terms) or asymmetric (where different investors have different terms).Metrick, Andrew, and Ayako Yasuda. "The economics of private equity funds."Review of Financial Studies (2010): hhq020. A private equity fund is raised and managed by investment professionals of a specific private-equity firm (the general partner and investment advisor). Typically, a single private-equity ...
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Björk
Björk Guðmundsdóttir ( , ; born 21 November 1965), known mononymously as Björk, is an Icelandic singer, songwriter, composer, record producer, and actress. Noted for her distinct voice, three-octave vocal range, and eccentric public persona, she has developed an Eclecticism in music, eclectic musical style over a career spanning four decades, drawing on electronica, pop music, pop, dance music, dance, trip hop, jazz, and avant-garde music, avant-garde music. She is one of the most influential pioneers in electronic music, electronic and experimental music. Born and raised in Reykjavík, Björk began her music career at the age of 11 and gained international recognition as the lead singer of the alternative rock band the Sugarcubes by the age of 21. After the Sugarcubes disbanded in 1992, Björk gained prominence as a solo artist with her albums ''Debut (Björk album), Debut'' (1993), ''Post (Björk album), Post'' (1995), and ''Homogenic'' (1997), collaborating with artis ...
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