Alken, BlackRock and Skagen highlighted in Morningstar awards

Kristoffer Stensrud at Skagen, Nicolas Walewski at Alken, and Michael Krautzberger at BlackRock have been picked out by Morningstar for their expertise in running European and global equity and fixed income portfolios.

Fund research and rating agency Morningstar has picked out managers it feels are offering investors the best blend of long term performance across three categories: European equity, global equity and fixed income.

The accolade has come through the latest Morningstar Fund Manager of the Year Awards covering the three categories.

  Morningstar Fund Manager of the Year Manager Fund
Category European Equity Nicolas Walewski Alken European Opportunities
Category Global Equity J. Kristoffer C. Stensrud & Team Skagen Kon-Tiki
Category European Fixed-Income Michael Krautzberger BGF Euro Bond

Kristoffer Stensrud, lead portfolio manager of SKAGEN Kon-Tiki, said: “We are delighted to win this award, which validates the SKAGEN investment philosophy of over twenty years and shows the benefits of being different. It also validates the Kon-Tiki team’s efforts to put the philosophy into practice and gives us huge inspiration to continue the hard work in future.”

Morningstar analyst Karine Nowak said of the BGF fund: “BlackRock Euro Bond is one of Morningstar’s favourite funds in the sector and Michael Krautzberger is key to our favourable view.”

One of the key attributes of the Alken fund is that it has been repeatedly closed to new investors to protect returns to existing investors Morningstar noted.

“Walewski is a fine example of stewardship. This is evidenced by his decision to close Alken European Opportunities to new subscriptions in order to protect the returns of existing investors. This means he is refusing money and additional fees in the interests of current investors. He closed the fund in 2007 and again in 2013.”

 

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