Foundation Asset Management AB (FAM AB) is a Swedish asset management company, founded by the three largest Wallenberg foundations in order to manage their assets, by means of direct ownership as well as through management and consultancy agreements. It is chaired by Marcus Wallenberg who also chairs Wallenberg Investments AB, which is the holding company that directly owns FAM AB.[1]
These foundations and their donations are administered and handled through a subsidiary. The Wallenberg Foundations refers to 16 non-profit foundations founded by members of the Wallenberg family which makeup what is described in Sweden as the Wallenberg ecosystem.[2]
FAM AB is owned by Wallenberg Investments AB, a company that is fully owned by the three largest Wallenberg foundations consisting of the following:[3]
The Wallenberg Foundations benefit from all dividends earned by Wallenberg Investments AB, of which 80% is then funneled in grants by the foundations and 20% is reinvested via Wallenberg Investments AB.