Sector Asset Management (SAM) is a leading edge, independent, specialist capital management firm, managing both absolute return and long only mandates. Current AUM is in excess of US$1.2 billion. Starting 2004, SAM has decided to diversify its product offering outside the energy and transportation areas. Hakon Halvorsen joined SAM to form a new investment team who will manage an equity market neutral fund based on Hakon's proprietary investment models.

This new fund by the name of Sector ERV (Enhanced Relative Value) was launched on 8 June 2005, with US$23 million from institutions and professional investors. The fund targets average annual returns of approximately 12-22% and volatility of approximately 10-13% (a Sharpe ratio of 1-1.5). The Dublin-based and listed fund is offered in euro, dollar and Norwegian kroner share classes.