The 2011 Financial Management of the Nobel Foundation
On Friday, April 27, 2012, the Trustees of the Nobel Foundation approved the 2011 financial statements of the Foundation.
OnDecember 31, 2011, the market value of the Nobel Foundation’s invested capital amounted to SEK 2,973 m (3,151). Total return on equity (growth in Foundation assets after adding back the overall sum for all Nobel Prizes and operating expenses) amounted to -2.6 (5.5) per cent.
Net assets, that is, the market value of the Foundation’s equity calculated as invested capital at market value adjusted for other balance sheet items, changed by -6.5 (1.7) per cent.
The Nobel Foundation’s assets are allocated among equities, fixed income investments and alternative assets. Alternative assets, in turn, are allocated among properties, hedge funds as well as private equity and unlisted bonds. Of total portfolio capital at year-end, 47 (54) per cent consisted of equities, 20 (22) per cent fixed income investments and 33 (24) per cent alternative assets.
The return on the Nobel Foundation’s total equities portfolio was -9.3 (8.7) per cent, while the return on the Foundation’s fixed income investments was 3.3 (2.0) per cent. During the year, the value of the Foundation’s property fund holdings rose by 3.4 (8.0) per cent in local currencies, and the value of the hedge fund portfolio rose by 3.0 (5.4) per cent.
During 2011, the Foundation’s book profit amounted to SEK -19.2 m (68.0).
With reference to the results during recent years, and the assessment that the Board of Directors makes today of the potential for achieving a good inflation-adjusted return on the Nobel Foundation’s capital during the next several years, the level of the 2012 prize amount was discussed. The Board of Directors of the Nobel Foundation will deliver its decision regarding the prize amount at an upcoming meeting.
New Chairman of the Trustees of the Nobel Foundation
Former Justice of the Supreme Court Torgny Håstad was elected the new Chairman of the Trustees of the Nobel Foundation, succeeding Professor Barbara Cannon.
Professor Staffan Normark was re-elected as a board member and Professor Astrid Gräslund as a deputy member of the Board of Directors of the Nobel Foundation. The Board of Directors is presented below.
The Board of Directors of the Nobel Foundation consists of:
Mr Marcus Storch, MD h.c., Chairman
Former President and CEO of AGA AB
Professor Göran K. Hansson
Secretary of the Nobel Assembly at Karolinska Institutet and of the Nobel Committee for Physiology or Medicine
Professor Staffan Normark
Kungl. Vetenskapsakademiens ständige sekreterare
Professor Peter Englund
Permanent Secretary of the Swedish Academy
Mr Tomas Nicolin, MSc
Mrs Kaci Kullmann Five
Deputy Chair of the Norwegian Nobel Committee
Dr Lars Heikensten
Executive Director
Deputy members:
Professor Astrid Gräslund
Secretary of the Nobel Committee for Chemistry
Professor Lars Bergström
Secretary of the Nobel Committee for Physics
Stockholm,April 27, 2012
The Board of Directors of the Nobel Foundation / Lars Heikensten, Executive Director
The 2011 Annual Report of the Nobel Foundation is available on Nobelprize.org, the official website of the Nobel Prize.
Contact: Annika Pontikis, Public Relations Manager, the Nobel Foundation
E-mail: annika.pontikis@nobel.se, tel: +46 8 663 14 70, mobile: +46 70 454 76 72, fax: +46 8 660 38 47
The Nobel Foundation is a private institution established in 1900 based on the will of Alfred Nobel. The Foundation manages the assets made available through the will for the awarding of the Nobel Prize in Physics, Chemistry, Physiology or Medicine, Literature and Peace.
© The Nobel Foundation 2012. Nobel Prize® and the Nobel Prize® medal design mark are registered trademarks of the Nobel Foundation.
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