Foundation Asset Management AB is a

Swedish Swedish or ' may refer to: Anything from or related to Sweden, a country in Northern Europe. Or, specifically: * Swedish language, a North Germanic language spoken primarily in Sweden and Finland ** Swedish alphabet, the official alphabet used by ...

foundation asset management company, founded by the three largest Wallenberg foundations in order to manage the

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 ...

s of the foundations, by means of direct ownership as well as through management and

consultancy A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting servic ...

agreements. The

administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative Assistant, traditionally known as a Secretary, or also known as an administrative officer, admini ...

of all the foundations and the

donation A donation is a gift for charity, humanitarian aid, or to benefit a cause. A donation may take various forms, including money, alms, services, or goods such as clothing, toys, food, or vehicles. A donation may satisfy medical needs such as ...

s of all the Wallenberg foundations is handled through a subsidiary. The Wallenberg foundations is an informal collective name for the twenty different foundations founded by the members of the

Wallenberg family The Wallenberg family is a prominent Swedish family, Europe's most powerful business dynasty. Wallenbergs are noted as bankers, industrialists, politicians, bureaucrats, diplomats and military. The Wallenberg sphere's holdings employ about 60 ...

. The largest Wallenberg foundations in order of net worth: *'' The Knut and Alice Wallenberg Foundation'', founded 1917. *'' The Marianne and Marcus Wallenberg Foundation'', founded 1963. *'' The Marcus and Amalia Wallenberg Foundation'', founded 1960.

Largest holdings at 31 December 2013

* Alfa Laval – heat exchanger company (6.0% stake, 6.0% voting rights) * Bergvik Skog – forest company (12.5% stake, 12.5% voting rights) *

Höganäs Höganäs () (old da, Højenæs) is a locality and the seat of Höganäs Municipality, Scania County, Sweden with 14,107 inhabitants in 2010. Höganäs is nationally known for its ceramics industry, Höganäs Keramik. Höganäs Keramik is par ...

– metal powders company (50.0% stake, 50.0% voting rights) *

Investor An investor is a person who allocates financial capital with the expectation of a future return (profit) or to gain an advantage (interest). Through this allocated capital most of the time the investor purchases some species of property. Type ...

– investment company (23.3% stake, 50.0% voting rights) *

Saab Saab or SAAB may refer to: Brands and enterprises * Saab Group, a Swedish aerospace and defence company, formerly known as SAAB, and later as Saab AB ** Datasaab, a former computer company, started as spin off from Saab AB * Saab Automobile, a fo ...

–

aviation Aviation includes the activities surrounding mechanical flight and the aircraft industry. ''Aircraft'' includes fixed-wing and rotary-wing types, morphable wings, wing-less lifting bodies, as well as lighter-than-air craft such as hot a ...

and military technology (8.7% stake, 7.7% voting rights) * SAS – airline and hotel company (7.6% stake, 7.6% voting rights) * SEB – banking (1.5% stake, 0.8% voting rights) *

SKF AB SKF (Swedish: ''Svenska Kullagerfabriken''; 'Swedish Ball Bearing Factory') is a Swedish bearing and seal manufacturing company founded in Gothenburg, Sweden, in 1907. The company manufactures and supplies bearings, seals, lubrication and l ...

– bearing company (12.9% stake, 29.5% voting rights) *

Stora Enso Stora Enso Oyj (from sv, Stora and fi, Enso ) is a manufacturer of pulp, paper and other forest products, headquartered in Helsinki, Finland. The majority of sales takes place in Europe, but there are also significant operations in Asia and S ...

– pulp and paper manufacturer (10.2% stake, 27.2% voting rights)

References

External links

Official site
Companies related to the Wallenberg family Foundations based in Sweden {{Sweden-org-stub