Context: Asset management, broadly defined, refers to any system that monitors and maintains things of value to an entity or group. It may apply to both tangible assets such as buildings and to intangible assets such as human capital, intellectual property, and goodwill and financial assets. Asset management is a systematic process of deploying, operating, maintaining, upgrading, and disposing of assets cost-effectively., Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance., In finance, private equity is a type of equity (finance) and one of the asset classes consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange., Skåne County, sometimes referred to as "Scania County" in English, is the southernmost county or "län", of Sweden, basically corresponding to the traditional province Skåne. It borders the counties of Halland, Kronoberg and Blekinge. The seat of residence for the Skåne Governor is the town of Malmö. The headquarters of Skåne Regional Council is the town of Kristianstad., Eslöv Municipality ("Eslövs kommun") is one of 290 municipalities of Sweden, situated in Skåne County in southern Sweden. Its seat is located in the city of Eslöv., Sweden, officially the Kingdom of Sweden (Swedish: ), is a Scandinavian country in Northern Europe. It borders Norway to the west and Finland to the east, and is connected to Denmark in the southwest by a bridge-tunnel across the Öresund. At , Sweden is the third-largest country in the European Union by area, with a total population of 10.0 million. Sweden consequently has a low population density of , with the highest concentration in the southern half of the country. Approximately 85% of the population lives in urban areas., A financier is a person who makes their living from investments, typically involving large sums of money and usually involving private equity and venture capital, mergers and acquisitions, leveraged buyouts, corporate finance, investment banking, or large-scale asset management. The term is French, and derives from "finance" or "payment"., Eslöv is a town and the seat of Eslöv Municipality, Skåne County, Sweden with 17,748 inhabitants in 2010., An investment bank is typically a private company that provides various financial-related and other services to individuals, corporations, and governments such as raising financial capital by underwriting or acting as the client's agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services (fixed income instruments, currencies, and commodities)., Nils Wilhelm Erik Penser ( born August 22 , 1942 , in Eslöv , Skåne ) is a Swedish financier and businessman . After having studied law at Lund University , Erik Penser commenced a career as a stockbroker at Bankirfirman Langenskiöld , which later became Carnegie Investment Bank . Together with Thomas Fischer he worked intensively to develop the firm 's business , laying the foundation for his private wealth . Penser 's strategy was risky ; he bought shares , used them as collateral and borrowed even more money to leverage his holdings . Eventually he gained the controlling interest of several large companies on the Stockholm Stock Exchange . During the 1980s Penser was one of Sweden 's most influential businessmen . Through his holding company , Yggdrasil , he controlled both Nobel Industrier and Finans AB Gamlestaden . His massive financial leverage and the harsh business environment experienced during the Swedish banking crisis in 1990 - 1994 forced Penser to cease control of his holdings , which were sold to Nordbanken ( which became Nordea ) for the symbolic sum of SEK 1 each . At a press conference Björn Wahlström , the chairman of Nordbanken , said that Erik Penser was ' destitute and finished as a businessman ' . The transaction resulted in a prolonged legal dispute between Penser and Nordbanken . In 1992 Penser regained control of Yggdrasil , the consideration was once again SEK 1 . The vice Chairman of Nordbanken , Jacob Palmstierna , admitted that Penser had been under extreme pressure when he was forced to sign the agreement with Nordbanken . Since then Penser has rebuilt an estimated net worth of SEK 1 billion , with interests in both Sweden and abroad . In Sweden , his main holdings includes Erik Penser Bankaktiebolag , with activities in corporate finance , trading , research and private wealth management and Pensum , an insurance and pension advisory firm . Erik Penser resides , since 1976 , in Compton Beauchamp , England . Erik Penser is known as a distinguished collector , collecting - amongst many objects - old share certificates , film posters , magazines and bank notes ., A leveraged buyout (LBO) is a financial transaction in which a company is purchased with a combination of equity and debt, such that the company's cash flow is the collateral used to secure and repay the borrowed money. The use of debt, which has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. This reduced cost of financing allows greater gains to accrue to the equity, and, as a result, the debt serves as a lever to increase the returns to the equity., Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations or their operating units are transferred or combined. As an aspect of strategic management, M&A can allow enterprises to grow, shrink, change the nature of their business or competitive position., Venture capital (VC) is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential, or which have demonstrated high growth (in terms of number of employees, annual revenue, or both). Venture capital firms or funds invest in these early-stage companies in exchange for equityan ownership stakein the companies they invest in. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. The start-ups are usually based on an innovative technology or business model and they are usually from the high technology industries, such as information technology (IT), social media or biotechnology., Subject: erik penser, Relation: place_of_birth, Options: (A) blekinge (B) council (C) denmark (D) eslöv (E) eslöv municipality (F) malmö (G) norway (H) of (I) scania (J) skåne county (K) sweden (L) time
Output: scania