Finance
Øyvind Schanke goes from oljefond-toppjobb in London to Stavanger to work in the Skagenfondene.
the Article is added to your reading list.
Øyvind Schanke is the man who will get Skagenfondene on the rails again after several difficult years with low returns and large kapitaluttrekk from customers. Total assets have fallen from around 120 to around 80 billion. Now Schanke chief after Leif Ola Rød. Schanke shall commence the first of February.
I’m moving from London, ” says Schanke.
- My Spanish wife is with, he says.
In London has Schanke the last three years been the Chief Investment Officer of its oil wealth, or the Norges Bank Investment Management, which forvaltningsorganisasjonen formally named. The trønderske siviløkonomen with education from BI and NHH Norwegian school of economics has been its oil wealth for 15 years, ever since the organization only had 60 employees and 300 billion under management.
- There are two success stories in the Norwegian investment management. I have been the one place in 15 years, ” says Schanke.
He believes Skagenfondene, which started with the founders Kristoffer Stensrud, Åge Westbø and Tor Dagfinn Veen in 1993, has been the other big success. Admittedly, concedes Schanke that the funds have worn more in the last few years. Both Westbø and Veen have gone out of the funds, even though they are still co-owners. Central employees as Kristian Falnes and Harald Espedal has stopped. Recently announced Stensrud, that he ends that hovedforvalter in the Kon-Tiki, the old flagship fund.
- I go into it with open eyes. I have seen what has happened in the past, ” says Schanke.
Chairman of the board Henrik Lisæth says the board has been on the lookout for a new chief since august, when the Red on its own initiative, should have signaled that he had not the same time horizon for their ledergjerning as the board of directors. Lisæth reject that the board put pressure on the Red after weak forvaltningsresultater. He praises instead the Red to have done a good internal job with the organization to facilitate better results in the future. The management company has 176 employees.
- the Work that has been done internally for improved yield has been sparkling, ” says Lisæth.
No comments:
Post a Comment