We have one goal: return on capital
Avanto Capital is an independent manager of alternative investment funds, regulated by the Financial Supervisory Authority of Norway as an AIFM. We were established in 2015 and have since managed five funds in the unlisted market and one hedge fund in the listed market.
We find opportunities where others aren't looking, through an international network, our own analysis, and inventiveness. We are small by design: no committees, no politics, fast decisions, and clear accountability. We put our own money to work in every fund we manage.
Manager of alternative investment funds (AIFM), regulated by the Financial Supervisory Authority of Norway.
What we believe
We believe the market, over time, rewards independent thinking and patience. We don't invest to look like everyone else. We invest to be right and to generate strong risk-adjusted returns. That means we're sometimes early, sometimes alone, and always comfortable holding views the consensus doesn't share. Our strength is the combination of structured analysis and the willingness to act where others hesitate.
The story behind the name Avanto
Avanto was Rune Mæle's first horse at national team level. Rune is an accomplished dressage rider who has competed at a high level, and the partnership between them left an early mark. Riding was his first experience of what a good partnership requires: trust, patience, and the willingness to find the rhythm together.
That's good grounding to carry into an investment business. Years later, when it came time to name his alternative investment company, the choice was easy. Since 2015, Avanto has stood firmly on its own.

Ten years. Seven funds. Two strategies.
Unlisted
Fund AO I - 2016 - Closed
Fund AO II - 2019 - Closed
Fund AO III - 2021 - Invested
Fund AO IV - 2024 - Invested
Fund AO V - 2025 -Open
Listed
Carbon Holder - 2022 - Closed
Avanto Right Tail - 2023 - Open
Our thinking
We write to explain our thought process and share our point of view. Direct, unhedged, and free of mainstream thinking. Articles are originally written in Norwegian, translated with AI. If anything reads unclear, the Norwegian version is the one to trust.
Who is shouting "bubble"? And why memory, of all things?
Micron has skyrocketed. So have SK Hynix and Samsung's memory division. And as if on cue, a host of people have appeared on X, in comment sections, and during coffee breaks who have found their new favorite word: bubble. Let's pause there for a moment.
Asymmetri som strategi
Symmetri signaliserer god helse, stabile gener, fravær av utviklingsforstyrrelser. Det er en evolusjonær snarvei: hjernen vår tolker symmetri som “alt er på stell”. I investeringer er det stikk motsatt; der er asymmetri det du burde leter etter.
Infinite supply
What happens when machines take over human labor? In 2022, what has subsequently been called “The Chat-GPT moment” occurred. In 2026, we will have what will eventually be called “The OpenClaw moment”.

