Our History
Dunross is a story of vision and evolution, transforming from a humble idea into a global investment powerhouse. Focused on Breakout Nations, Dunross has a mission to drive wealth creation and poverty reduction worldwide.
1990
2004
2025
Dunross Prehistory: Origins of Dunross
The birth of a Contrarian Spirit
The seeds of Dunross were sown in the economic turbulence of Sweden in the 1970s. With steel, shipyards, and forestry industries in decline, the nation faced soaring costs, restrictive labour union policies, and plans to socialize private companies. Against this backdrop of high taxes and capital controls, our founder took the first step by purchasing 15 shares in Boliden. This marked the beginning of Dunross’ distinctive contrarian investment philosophy.
1980s – A new economic horizon
Reagan and Thatcher and the Global Shift
As President Reagan and Prime Minister Thatcher championed liberalization and internationalization, global economies flourished. New opportunities emerged, and Sweden embraced financial modernization. Our founder capitalized on this era, launching and developing numerous companies that would later form the foundation of Dunross.
Genesis of Dunross
The late 1980s brought economic upheaval. Sweden faced a banking crisis triggered by property market collapses and geopolitical tensions. Amidst this turmoil, Dunross was formally established in 1989, consolidating earlier investments and leveraging its contrarian strategy to remain financially robust.
1990s: Contrarian growth and Global reach
Foundations in Innovation
While Sweden entered the dot-com era, Dunross avoided speculative bubbles and focused on sustainable ventures. The firm founded notable companies such as Matteus Fondkommission AB (a brokerage firm), Riddarhyttan Resources (gold), and Diffchamb (food diagnostics), all of which achieved significant success. This period also saw Dunross expand its investments into Russia after the fall of the Soviet Union.
2000s: Strategic shifts and internationalization
Adapting to global change
The dot-com crash and geopolitical events like 9/11 did not deter Dunross. Instead, the firm pivoted to undervalued ”old economy” industries and began exploring emerging Asian markets in 2003. Key divestments included Riddarhyttan, whose significant gold deposit was sold to the Canadian mining company Agnico Eagle Mines Ltd, marking a strategic focus shift toward international equity investments.
Establishing global presence
Amid the financial crises of the late 2000s, Dunross intensified its focus on investments in emerging markets, particularly in Asia, due to their low debt levels and favourable demographics. During this period, Dunross established in 2007 its first international subsidiaries in Singapore and Cyprus, marking a significant step toward global expansion.
2010s: Breakout nations and strategic focus
Driving wealth creation globally
By the 2010s, globalization and digitalization had transformed the global economy. Dunross responded by refining its strategy to focus on Breakout Nations—economies undertaking significant reforms to transition toward market-based systems, fostering high growth potential, and emulating successful historical models of economic liberalization.
As part of its continued internationalization, Dunross made a strategic decision to establish an investment entity in Luxembourg, further expanding its global footprint. This period also saw the creation of Stiftelsen Dunross & Co, a Swedish foundation dedicated to promoting youth development.
In 2015, Dunross further advanced its Luxembourg operations by transforming the entity into a Specialized Investment Fund (SIF) structured as a SICAV (Société d’Investissement à Capital Variable). This transformation marked a significant milestone when the entity received approval from the competent authority in Luxembourg, the Commission de Surveillance du Secteur Financier (CSSF).
Today
Empowering future growth
Dunross continues to invest in Breakout Nations and the Belt-and-Road Initiative, identifying companies that align with our mission to drive sustainable growth and economic progress.
The Belt-and-Road Initiative, spearheaded by China, is a transformative global development strategy that fosters infrastructure investment and trade connections across Asia, Europe, and Africa. Dunross strategically aligns with this initiative by targeting opportunities in infrastructure and emerging trade hubs.
With a focus on emerging and frontier markets and innovation, we remain committed to creating long-term value.
Our History
Dunross is a story about an idea developing into a worldwide investment company, now solely focused on Breakout Nations, promoting wealth creation and poverty reduction all around the world.
Prehistory: Origins of Dunross
The birth of a contrarian spirit
The seeds of Dunross were sown in the economic turbulence of Sweden in the 1970s. With steel, shipyards, and forestry industries in decline, the nation faced soaring costs, restrictive labour union policies, and plans to socialize private companies. Against this backdrop of high taxes and capital controls, our founder took the first step by purchasing 15 shares in Boliden. This marked the beginning of Dunross’ distinctive contrarian investment philosophy.
1980s: A new economic heaven
Reagan & Thatcher and the global shift
The liberalization and internationalization of the world takes place through President Reagan and Prime Minister Thatcher, releasing hidden creativity. The people and the economy starts to flourish. More companies get started, free trade agreements are signed and income taxes are reduced. Prosperity is coming and wealth is created. A new digital trading system is introduced on the Swedish Stock Exchange and call- and put options starts trading. The turnover on the Swedish stock exchange explodes. During the 1980’s the founder of Dunross starts and develops a lot of companies that later on will be brought together in Dunross.
Genesis of Dunross
The late 1980s brought economic upheaval. Sweden faced a banking crisis triggered by property market collapses and geopolitical tensions. Amidst this turmoil, Dunross was formally established in 1989, consolidating earlier investments and leveraging its contrarian strategy to remain financially robust.
1990s: Contrarian growth and global reach
Foundations in innovation
While Sweden entered the dot-com era, Dunross avoided speculative bubbles and focused on sustainable ventures. The firm founded notable companies such as Matteus Fondkommission AB (a brokerage firm), Riddarhyttan Resources (gold), and Diffchamb (food diagnostics), all of which achieved significant success. This period also saw Dunross expand its investments into Russia after the fall of the Soviet Union.
2000s: Strategic shifts and internationalization
Adapting to global change
The dot-com crash and geopolitical events like 9/11 did not deter Dunross. Instead, the firm pivoted to undervalued ”old economy” industries and began exploring emerging Asian markets in 2003. Key divestments included Riddarhyttan, whose significant gold deposit was sold to the Canadian mining company Agnico Eagle Mines Ltd, marking a strategic focus shift toward international equity investments.
Establishing global presence
Amid the financial crises of the late 2000s, Dunross intensified its focus on investments in emerging markets, particularly in Asia, due to their low debt levels and favourable demographics. During this period, Dunross established in 2007 its first international subsidiaries in Singapore and Cyprus, marking a significant step toward global expansion.
2010s: Breakout nations and strategic focus
Driving wealth creation globally
By the 2010s, globalization and digitalization had transformed the global economy. Dunross responded by refining its strategy to focus on Breakout Nations—economies undertaking significant reforms to transition toward market-based systems, fostering high growth potential, and emulating successful historical models of economic liberalization.
As part of its continued internationalization, Dunross made a strategic decision to establish an investment entity in Luxembourg, further expanding its global footprint. This period also saw the creation of Stiftelsen Dunross & Co, a Swedish foundation dedicated to promoting youth development.
In 2015, Dunross further advanced its Luxembourg operations by transforming the entity into a Specialized Investment Fund (SIF) structured as a SICAV (Société d’Investissement à Capital Variable). This transformation marked a significant milestone when the entity received approval from the competent authority in Luxembourg, the Commission de Surveillance du Secteur Financier (CSSF).
Today
Empowering Future growth
Dunross continues to invest in Breakout Nations and the Belt-and-Road Initiative, identifying companies that align with our mission to drive sustainable growth and economic progress.
The Belt-and-Road Initiative, spearheaded by China, is a transformative global development strategy that fosters infrastructure investment and trade connections across Asia, Europe, and Africa. Dunross strategically aligns with this initiative by targeting opportunities in infrastructure and emerging trade hubs.
With a focus on emerging and frontier markets and innovation, we remain committed to creating long-term value.