Sissener’s Best Year in Over a Decade, Momentum Extends Into 2026

Key Takeaways

• 2025 return: 22.8%, fund’s second-best since inception
• AUM surpassed €1 billion across Sissener platform
• New hires added healthcare and TMT expertise
• Flexible net exposure averaged 68% in 2025
• AI and “Power Up Europe” themes boosted returns

Summary

Sissener Canopus delivered a 22.8% gain in 2025, its strongest performance in over a decade and the second‑best year since inception, and added 3.6% in January 2026. The fund’s flexible long/short equity mandate and thematic focus on AI and “Power Up Europe” helped it outpace peers, while the broader Sissener platform crossed €1 billion in assets under management. Strategic hires in healthcare and TMT expanded sector coverage, and net market exposure averaged 68% throughout 2025. The team now looks to 2026 with cautious optimism, emphasizing cash‑generating companies and macro‑friendly conditions.

Pulse Analysis

The Norwegian boutique Sissener Canopus posted a 22.8 percent gain in 2025, its strongest result in more than a decade and the second‑best year since the fund’s launch. The long/short equity strategy benefitted from a broad thematic focus that captured artificial‑intelligence momentum and the “Power Up Europe” drive, while selective exposure to defense and energy stocks added a defensive edge. Such performance propelled the wider Sissener platform past the €1 billion AUM threshold, a milestone that signals growing investor confidence in flexible, multi‑sector mandates. The fund’s resilience rests on a seven‑member portfolio team led by founder Jan Petter Sissener, whose emphasis on diversity has become a competitive advantage. In 2025 the firm bolstered its expertise by hiring Mads Andreassen, a veteran of healthcare‑focused strategies, and Fredrik Thoresen, a specialist in technology, media and telecommunications. This expanded skill set allowed the team to maintain net market exposure between 40 % and 96 %—averaging 68 %—and to pivot quickly as sector dynamics shifted. The cross‑sector knowledge also sharpened idea generation, turning thematic bets into concrete stock picks such as Siemens Energy, Rolls‑Royce and Storebrand. Looking ahead, the team enters 2026 with cautious optimism, targeting companies that exhibit strong cash flow, clear strategic roadmaps and upside potential. Jan Petter Sissener cites supportive macro conditions—fiscal stimulus, prospective lower interest rates and renewed European growth policies—as catalysts that could sustain the fund’s outperformance. Nonetheless, the managers retain a balanced hedging overlay to guard against rapid sentiment swings, acknowledging that earnings momentum in the first half of the year will be decisive. For investors, the blend of flexible mandate and sector‑agnostic expertise offers a differentiated avenue to capture alpha in an uncertain market environment.