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SKAGEN Kon-Tiki to have one lead manager

Knut Harald Nilsson is to become sole lead manager of SKAGEN Kon-Tiki while Kristoffer Stensrud will continue as a portfolio manager and focus purely on stock selection.

Date: 12/10/16

Portrait of two men
Knut Harald Nilsson is to become sole lead manager of SKAGEN Kon-Tiki. Kristoffer Stensrud will spend his time on stock selection as portfolio manager in the fund.

Knut Harald Nilsson has been part of the Kon-Tiki portfolio management team since 2006 and co-lead since 2014. He has 25 years' experience from the financial industry including leadership roles.

"I am proud to lead the team going forward. With Kristoffer solely concentrating on idea generation and stock selection it provides added confidence that we will achieve our aim of strengthening investment performance," says Knut Harald.

Commenting on his more focused role, Kristoffer said "Stock picking is my passion and this change will allow me to devote more time to seeking the best possible investments for Kon-Tiki. We have not been satisfied with performance over the past few years and by making these adjustments, we will create a better framework to enhance returns for our clients".

Kristoffer is a major owner in SKAGEN, and investor in the fund as well as a dedicated member of the portfolio management team.

New team of product specialists

In order to strengthen service and communication to our clients, SKAGEN has appointed Hilde Jenssen as head of a new product specialist team with effect from 12 October 2016. She has worked as portfolio manager of SKAGEN Kon-Tiki since October 2013. Hilde has more than 20 years capital markets experience, including investment analysis and fund manager selection.

"Hilde was the obvious choice to lead this new department in SKAGEN. She has strong investment and communication skills – a combination that is not always easy to find. We look forward to the benefits this move will bring our clients," says Timothy Warrington, deputy CEO in SKAGEN.

SKAGEN Kon-Tiki continues with a strong team of four portfolio managers consisting of Knut Harald Nilsson, Kristoffer Stensrud, Erik Landgraff and Cathrine Gether.

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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