Knut Harald Nilsson takes over responsibility for Skagen Kon-Tiki. Kristoffer Stensrud will continue as portfolio manager and will dedicate their time to the aksjeplukking, type of Skagen itself in a press release.
Nilsson has been a part of the Kon-Tiki team since 2006 and has led the fund together with Stensrud since 2014.
- Now that Kristoffer choose to concentrate on idégenerering and aksjeplukking I have strengthened belief that we will achieve the goal of improving the fund’s returns, ” says a proud Nilsson in a comment.
In addition to being one of the hovedeierne in Skagen AS, Stensrud a large investor in the fund.
- It is aksjeplukking which is fun. It is therefore a pleasure to hand over the “papirmølla” to Knut Harald, and be able to use all my time to find the best investment opportunities for the Kon-Tiki-the customers. We have not been happy with the returns the past few years, and by making these changes, the forces we work with to deliver better roi for customers, ” says Skagen-the entrepreneur.
off the market
That Stensrud is inside of,, the fund has struggled with the return of recent years.
Even over the five years, the Skagen Kon-Tiki behind its benchmark index (MSCI EM Index), by 8.9 vs. 9.7% average annual return.
Over three years leading the reference by 6.2 vs. 9.3%, over the past year with nok 7.1 vs. 9.6 per cent.
Now in september fell fund of 3.5 per cent, while the benchmark index returned 2.8 per cent. So far this year leads the reference with 5.0 vs. 1.2 per cent.
And so far in October is the Skagen Kon-Tiki burdened by smellen in Samsung Electronics.
- just Change the title
Skagen Funds even believe the changes announced today have modest practical significance.
- In practice, there is little that is changing. What actually happens is that Kristoffer and change the title. Knut Harald will only take a little more of the “papirmølla”, as Christopher himself says. Kristoffer will this measure have spent more time on what he likes best and has proven that he is good at, namely aksjeplukking, ” says communications manager for Skagen in Norway, Margrethe Vika, to the Obi.no.
Recommend to sell
chief economist Rode Krohn-Pettersen in Norsk Familieøkonomi recommend shareholders of the fund to be raised down.
I interpret the press release as saying that Stensrud will have less of the fund to do, and that his importance will gradually be phased out. Actually, I would have considered to sell me all the way out, if I had shares in the fund. The reason is that very many mutual fund is personavhengige, Skagen Kon-Tiki is such a thing, he says to Obi.no.
- Now it is up to the other managers to prove what they are good for, until then I’d kept me away. Aksjefondet has made it significantly worse than the index in the last three years, and this will hardly make the fund better, continues Krohn-Pettersen.
His statements get Skagen Funds to react.
With a little goodwill, we believe that the Krohn-Pettersen can read. Everyone is free to interpret as they will, but the fact is that A work just as much and just as hard with idégenerering and selskapsplukking. When it comes to Norwegian Familieøkonomis advice to their readers, get the stand for their expense. Our managers work hard every day to create value for shareholders, what we have done for 23 years now, ” says Vika to the Obi.no.
Besides, Knut Harald Nilsson and Kristoffer Stensrud consists forvaltningsteamet in Skagen Kon-Tiki by Erik Landgraff and Cathrine Gether.
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