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