Global equity manager Eide leaves Skagen

Global equity manager Torkell Eide is to exit Skagen after four years at the company.

Eide (pictured), who co-managed the €5.4bn Skagen Global fund, has opted to leave the Nordic-based company, marking the second high profile departure this year.

At the end of last month, emerging markets specialist Ross Porter, who worked on the €6.3bn Kon-Tiki fund, quit the firm.

Eide is returning to a former employer, AKO Capital, a London-based investment firm.

Kristian Falnes will continue to lead the Skagen Global Equity fund, alongside portfolio managers Søren Milo Christensen and Chris-Tommy Simonsen.

“We have valued Torkell’s contribution to our portfolio management team and understand this is a personal opportunity for him at this point in his career,” said investment director Harald Espedal.

 

This article was first published on Investment Week

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