History and background
The origins of Delphi Funds dates back to 1984 when Delphi Economics was established. Back then, the company specialised in fundamental and technical analysis services.
In 1995, Delphi Economics decided to move into asset management by acquiring Norwegian fund management company Norse Forvaltning AS, which at the time managed two long-only equity funds; Trend International (launched 1991) and Trend Norge (launched 1994). The fund management company was then renamed Delphi Fondsforvaltning AS (DF). In 1996, the two funds were renamed Delphi Norden and Delphi Norge, respectively.
Since then, several other long-only funds have been launched – the Nordic balanced fund; Delphi Kombinasjon in 1997, the pan-European equity fund; Delphi Europa in 1999 and the global equity addition, Delphi Verden, in 2006.
DF was a partner-run company until taken over by Finansbanken ASA (a Norwegian investment bank, acquired by Storebrand in 1999) from January 2000.
In July 2002, DF was aquired by Storebrand Kapitalforvaltning Holding, and was immediately merged with Storebrand Fondene AS (Storebrand's fund management company). The Delphi brand, team and investment approach have since been part of the Storebrand Group.
Despite being part of the Storebrand organisation, Delphi has been operating as a separate unit, and Delphi's unique methodology combining trend analysis and traditional fundamental research has not changed as a result of the acquisition.
In 2010, Delphi Funds decided to offer the international equity funds; Delphi Norden, Delphi Europa, and Delphi Verden to professional international investors outside home markets Norway and Sweden.
In August 2012, Delphi Norden, Delphi Europa and Delphi Verden were renamed Delphi Nordic, Delphi Europe and Delphi Global, respectively, in order to make the funds more easily accessible to international investors.
In 2018, we also launched a number of share classes in the various funds (see the Funds prospectus for more information).
Our funds have been managed in the same way since the start, based on the Delphi Way, where both trends and fundamentals are central.