Stensrud steps back from lead role on Kon-Tiki fund

Norwegian manager Skagen has announced that Kristoffer Stensrud is to step back from his role as a co-lead manager on the Kon-Tiki fund, but continue to act as a portfolio manager focused on stock selection on behalf of the strategy.

Knut Harald Nilsson will become sole lead manager. He has been co-lead since 2014 on the fund, which invests globally in emerging market equities.

Stensrud said the change would give him more time to focus on investments, following a few years of being “not satisfied” with the fund’s performance.

The manager change will be matched by the establishment of a new product specialist team, led by Hilde Jenssen, who has also worked as a portfolio mangaer on Kon-Tiki since October 2013.

Timothy Warrington, deputy CEO of Skagen, said: “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.”

Besides Nilsson and Stensrud, other portfolio managers on Kon-Tiki include Erik Landgraff and Cathrine Gether.

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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