it is the job of the bank's management and board to formulate good policy. He said that he was not a member of the board or a managing director of the bank and that his policy suggestions were ignored by the government of Iceland. 2010s: business after the crisis Prior to the financial crisis, Björgólfur Thor founded Novator Partners, which he continues to manage, and which has been his main vehicle for investment since the crisis. Novator is a private equity firm with headquarters in London and offices in Luxembourg. Preferring to take a board seat in its portfolio companies, the firm tends to invest in companies in the telecommunications, generic pharmaceuticals, information technology, natural resources, and financial services sectors. In 2021 Novator invested $250 million into DNEG, a visual effects company which worked on such films as Inception, Ex Machina and No Time to Die. Although Björgólfur Thor's fortunes were reduced by the financial crisis, leading him to cancel the construction of a £100m luxury yacht, he continued to prosper overall. In December 2013, the website "The Automatic Earth" reported:Mr Bjorgolfsson still leads Novator Partners, a London-based investment firm, sits on several boards and holds shares in companies including Actavis, a Swiss drugmaker, and CCP, an Icelandic computer games company. His representative says any dividends from his shares, or future gains from their sale, will go towards settling debts to creditors following Landsbanki's decline.In October 2012, Watson Pharmaceuticals purchased Actavis for nearly $6 billion. Björgólfur Thor’s creditors got the first installment of $230 million. In the purchase, Björgólfur Thor took 4.3 million shares in Actavis. Those shares were eventually worth about $700 million, allowing him to pay off the rest of his debt to Icelandic creditors in 2014. In 2015, Björgólfur Thor and his father were mentioned in the Panama Papers as having connections to at least 50 offshore companies in tax havens established through Mossack Fonseca, while in November 2017, he was named in the Paradise Papers together with Gísli Hjálmtýsson, Róbert Guðfinnsson, and a number of Iceland's National Power Company employees. The listed companies connected to Björgólfsson were registered in Bermuda. Björgólfur Thor was one of the lead investors in Atai Life Sciences AG's 2018 funding rounds. Atai Life is a healthcare investment firm that backs studies of magic mushrooms to treat depression. According to a Bloomberg report, the round Björgólfur Thor participated in raised $25 million.