About Stefnir
Stefnir is an established Icelandic asset management company whose role is to manage clients’ assets with their best interests as the guiding principle. Stefnir serves both individual and professional investors.
Established Icelandic asset management company whose role is to manage clients’ assets with their best interests as the guiding principle.
Stefnir is an established Icelandic asset management company whose role is to manage clients’ assets with their best interests as the guiding principle. Stefnir serves both individual and professional investors.
Stefnir Asset Management Company is a well-established Icelandic fund manager with assets over ISK 379 billion under active management at the end of 2025. Stefnir caters for both retail and professional clients with the aim of managing its clients' assets as best serves their interests. The company was founded in 1996 and its employees possess extensive work experience in the financial market.
The company has from the beginning been at the forefront of the development of new types of funds, both for retail and professional clients. In developing and managing its funds, Stefnir primarily focuses on the interests of its clients and achieves its aims through vigilance, a clear perspective and sound professional knowledge.
Stefnir believes that trust and confidentiality are key premises for a longstanding relationship with its clients. A strong emphasis is therefore placed on candid communications and transparent information. Confidential information is treated with special care, be it of commercial or personal nature.
The clients of Stefnir own unit shares in funds managed by Stefnir. Those unit shares represent shares in the funds’ asset portfolios. The funds’ assets are therefore wholly owned by unit holders at any given time. According to law, the assets of Stefnir hf. and the assets of funds under management are kept separate in financial statements. The custody of the funds’ assets, along with unit share price calculations, is in the hands of a separate company, Arion Bank.
Stefnir places special emphasis on security in all its activities. To that end, the company has installed sophisticated control and risk management systems based on clear work processes, internal and external auditing, compliance and systems tailored to control investment policies. The company also carries out an annual internal risk assessment of major operational risk factors. Stefnir’s mutual and investment funds are subject to surveillance by the Icelandic Financial Supervisory Authority (FME), according to law.
The board of directors of Stefnir has three members. The majority of board members is independent of Arion Bank, the Bank and related companies hold all equity in Stefnir. The board of Stefnir has resolved to practise good corporate governance and attained certification to that effect from The Centre for Corporate Governance at the University of Iceland since 2012.
Stefnir hf. is an independent financial institution according to Act No. 161/2002 on Financial Undertakings. The company manages undertakings for collective investment in transferable securities, investment funds and professional investment funds in accordance with Act No. 116/2021. In addition to this, the company is licensed to operate asset management services, investment advisory and to manage financial instruments for collective investments, cf. Art. 27, Paragraph 1, Items 1-3 of Act No. 161/2002.
Shares issued in Stefnir total ISK 43.5 million. Proportional ownership is divided between Arion Bank hf. (99.93%) and Gen hf. (0.07%). The company’s auditor is Deloitte ehf.
Stefnir hf. has been a member of Samtök fjármálafyrirtækja (SFF or Finance Iceland) since 2013. Membership of SFF includes participating in general advocacy for the Icelandic finance industry as well as direct membership of Samtök Atvinnulífsins (SA or Confederation of Icelandic Employers).
Finance Iceland is the umbrella organization for financial companies in Iceland. See further on www.sff.is
The Shareholders´meeting of Rekstrarfélag Kaupþings banka hf. decided on the 24th of November 2009 to change the name of Rekstrarfélag Kaupþings banka hf. (Kaupthing Bank Asset Management Company hf.) to Stefnir hf. (Stefnir Asset Management Company hf.)
The following companies have merged with Stefnir hf. id 700996-2479 since incorporation.
Kaupþing – Eignastýring ehf. id. 440195-2539
Hávöxtunarfélagið hf. id. 611284-0479
Ævisjóðurinn hf. id 601097-2579
Verðbréfasjóður Búnaðarbankans hf. id 700996-2639
Vísitölusjóður BÍ hf. 670901-3270