Norwegian fund manager Skagen is set to launch a concentrated global fund, subject to regulatory approval, following the rehire of manager Filip Weintraub.
The manager previously worked at the group four years ago when he ran the £4.5bn Global fund. In 2010 he decided to leave the group and set up Labrusca Family Office, but is now returning to Skagen with his colleague Jonas Edholm to launch the new strategy. The fund will consist of around 35 mid-cap stocks, with a bias towards value stocks. The announcement coincides with other personnel changes at Skagen, following the departure of CEO Harald Espedal at the end of last year and the exit of Johan Swahn, who worked on the Global fund with lead manager Knut Gezelius. Espedal was c...
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