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Ranked 126 out of 229 in - Global Equities over 12 months
All calculations are in EUR

Managed by

Kristian Falnes

Kristian Falnes works at Skagen where he runs equity strategies with a value investment style. Prior to joining Skagen in 1997, he worked at Laerdal Finans as a portfolio manager (1994-1997), at SR-Fonds as a financial analyst (1990-1994) and at Block Watne as group controller (1988-1990). Kristian studied at the Norwegian Business School and holds a degree in finance. He was born in Stavanger in Norway where he is also currently based. His interests outside fund management include football and skiing.

Søren Milo Christensen

Søren Milo Christensen works at Skagen where he runs equity funds with a value investment style. Prior to joining Skagen in 2010, he worked at Bankinvest for 10 years as a portfolio manager. Since 2010, Søren has been managing the Skagen Global Fund investing in large and mid cap stocks. Søren studied at Copenhagen Business School and has an MSc in finance and accounting. He is based in Stavanger in Norway and outside of work he enjoys football and skiing.


This is an actively managed fund with a global investment mandate. The fund's strategy is to find low-priced, high-quality companies that are undervalued, underresearched and unpopular. To reduce risk, the fund seeks to maintain a reasonable geographic and sectoral balance. Active management entails that the portfolio managers invest in companies on the basis of their own analyses. With common sense and long-term planning, the portfolio managers try to avoid investing in popular companies and industries at a price that is too high relative to those companies fundamental value and earnings.


Global Equities over : 30/09/2013 - 30/09/2014

Total Return

Quarterly Performance

to 30/09/2014 Annual Q1 Q2 Q3 Q4
2014 8.3% 0.0% 6.7% 1.5%
2013 15.1% 6.6% -1.6% 3.6% 5.9%
2012 16.3% 10.6% -6.1% 9.0% 2.7%
2011 -5.9% 1.9% -3.8% -13.9% 11.6%
2010 23.6% 9.1% -4.0% 4.9% 12.6%
2009 48.9% -3.7% 22.8% 16.4% 8.2%
2008 -44.4% -13.7% 0.9% -14.8% -25.1%
2007 11.9% 2.8% 12.1% -0.1% -2.8%
2006 20.7% 10.3% -7.2% 7.2% 10.1%
2005 43.5% 8.4% 8.8% 13.6% 7.1%
2004 27.0% 11.2% 0.0% 4.9% 8.9%
2003 41.1% -11.6% 24.4% 13.7% 12.8%
2002 -15.6% 12.7% -10.7% -20.5% 5.5%
2001 -0.7% -3.7% 6.8% -25.0% 28.8%
2000 -7.2% 13.7% -2.4% -0.7% -15.8%
1999 136.7% 26.6% 25.2% 8.5% 37.5%

Month by Month Performance

Returns Vs Risk

Registered For Sale In

  1. Belgium
  2. Denmark
  3. Finland
  4. Germany
  5. Iceland
  6. Ireland
  7. Luxembourg
  8. Netherlands
  9. Norway
  10. Sweden
  11. Switzerland
  12. United Kingdom

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Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in EUR).