Skagen Funds
Encyclopedia
Skagen Funds is a Scandinavia
n mutual fund
company founded in 1993 and headquartered in Stavanger
, Norway
. The company manages three equity funds and five fixed income funds.
Skagen was awarded for investment excellence in 2006 by Global Investor Magazine. "Contrarians are used to being unloved. But in the last few years Skagen Funds has enjoyed spectacular growth to become Norway's biggest investment manager, with a 25% share of the market. " Co-founder Kristoffer Stensrud
was named Chief Investment Officer
, CIO, of the year in 2007 by Funds Europe Awards. "Returns at the firm are world class and assets under management
from outside the firm’s Norwegian base are rocketing".
In 2007 Standard & Poor's
awarded the SKAGEN Kon-Tiki Fund its highest rating, AAA. Thereby having awarded all of SKAGENs equity funds with highest marks. "Success for all three funds has been the product of a clearly defined investment process applied in a consistent manner by an experienced team," said Peter Fuller, lead fund analyst at Standard & Poor's."
Scandinavia
Scandinavia is a cultural, historical and ethno-linguistic region in northern Europe that includes the three kingdoms of Denmark, Norway and Sweden, characterized by their common ethno-cultural heritage and language. Modern Norway and Sweden proper are situated on the Scandinavian Peninsula,...
n mutual fund
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
company founded in 1993 and headquartered in Stavanger
Stavanger
Stavanger is a city and municipality in the county of Rogaland, Norway.Stavanger municipality has a population of 126,469. There are 197,852 people living in the Stavanger conurbation, making Stavanger the fourth largest city, but the third largest urban area, in Norway...
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
. The company manages three equity funds and five fixed income funds.
Skagen was awarded for investment excellence in 2006 by Global Investor Magazine. "Contrarians are used to being unloved. But in the last few years Skagen Funds has enjoyed spectacular growth to become Norway's biggest investment manager, with a 25% share of the market. " Co-founder Kristoffer Stensrud
Kristoffer Stensrud
Kristoffer Stensrud is one of Skagen Funds founders. He served as Managing Director from 1993 to 2001 and Investment Director from 2002 to 2007. Currently he is the portfolio manager of the SKAGEN Kon-Tiki equity fund. Kristoffer Stensrud was born in 1953 in Trondheim, Norway. He studied financial...
was named Chief Investment Officer
Chief investment officer
The chief investment officer is a job title for the board level head of investments within an organization. The CIO's purpose is to understand, manage, and monitor their organization's portfolio of assets, devise strategies for growth, act as the liaison with investors, and recognize and avoid...
, CIO, of the year in 2007 by Funds Europe Awards. "Returns at the firm are world class and assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
from outside the firm’s Norwegian base are rocketing".
In 2007 Standard & Poor's
Standard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...
awarded the SKAGEN Kon-Tiki Fund its highest rating, AAA. Thereby having awarded all of SKAGENs equity funds with highest marks. "Success for all three funds has been the product of a clearly defined investment process applied in a consistent manner by an experienced team," said Peter Fuller, lead fund analyst at Standard & Poor's."