Independent Research · Updated Regularly

Equity research

A working portfolio of independent analyses on Nordic financial institutions and broader market structure. Each piece is a self-directed deep-dive — written to test ideas, refine valuation frameworks, and document how I think about markets.

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Equity Research

Nordic financial institutions — banks, insurers, asset managers
1 published
Equity Research June 2026

SpareBank 1 Alliance — Rate Sensitivity & Valuation

Two-stage RIM valuation of all four listed alliance banks (SB1NO · MING · SPOLS · NONG), with a rate-ROE engine linked to Norges Bank PPR 1/2026. Buy on all four. Nord-Norge preferred.

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02

Market Structure

Passive flows, index effects, and broader market dynamics
1 published
Master's Thesis 2024 — 2026

Passive Dominance & Market Efficiency

Empirical evidence on how the rise of passive investing has affected pricing, valuation, and correlation structure across S&P 500 constituents from 1992 to 2024.

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