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Our historical milestones

SKAGEN Funds was launched on 1 December 1993. These are some of the important milestones in the company's history.

A Skagen painting of high mountains with snow on top and a fjord with boats.
Holger Drachmann, Sørfjord. Hardanger, 1886. This painting is manipulated and belongs to The Art Museums of Skagen.

2023

  • SKAGEN celebrates 30 year anniversary
  • SKAGEN Vekst celebrates 30 year anniversary
  • SKAGEN Focus wins Lipper Fund Awards in the UK and the Netherlands
  • SKAGEN Vekst wins Best Global Equity Fund Award in Belgium
  • SKAGEN Global and SKAGEN Kon-Tiki named best Norwegian equity funds in their respective categories by Dine Penger
  • SKAGEN changes organisational structure to become investment house and enters outsourcing agreement with Storebrand Asset Management to manage the funds’ portfolios

2022

  • SKAGEN m2 celebrates 10 year anniverary
  • SKAGEN Kon-Tiki celebrates 20 year anniversary
  • Following Russian invasion of Ukraine, SKAGEN excludes all Russian investments
  • Alexandra Morris elected Chairwoman of the Board for the Women in Finance Charter in Norway
  • Norwegian Transparency Act enters into force and SKAGEN together with Storebrand start work to fully comply

2021

  • All of SKAGEN's equity funds classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR)
  • SKAGEN CIO Alexandra Morris, together with Turid Solvang in Futureboards, founded the Women in Finance Charter in Norway.
  • SKAGEN publishes first Diversity and Inclusion Report
  • First digital New Year Conference

2020

  • SKAGEN introduces home and office rotation due to the Covid-19 pandemic
  • Info-meetings held as a digital live event for the first time
  • Real estate fund SKAGEN m2 wins Lipper Fund Awards
  • SKAGEN launches live webinars
  • Marketing permission in France for Luxembourg-domiciled SICAV funds
  • SKAGEN becomes a member of UN's Global Compact
  • SKAGEN receives a high equality and diversity score in the SHE Index
  • Launch of SKAGEN's quarterly sustainability reports
  • SKAGEN performs first carbon audit report for own operations

2019

  • Launch of the Luxembourg-domiciled SICAV fund range and marketing permission in Luxembourg
  • SKAGEN m2 awarded the Lipper Fund Award for the best global real estate fund over three years in France, Netherlands, UK, Germany, Europe and the Nordics
  • Launch of our first annual sustainability report
  • Corporate Sustainability Group initiated in SKAGEN
  • SKAGEN selects three main Sustainable Development Goals to focus on: SDG 5, SDG 8 and SDG 13

2018

  • SKAGEN celebrates 25 year anniversary
  • The equity fund SKAGEN Vekst celebrates 25 year anniversary
  • Branch office opened in Germany
  • The global property fund SKAGEN m2 is Highly Commended as runner-up in the real estate category at Investment Europe Fund Manager of the Year Awards 2018/19

2017

  • SKAGEN acquired by the Storebrand Group. Remains a separate company reporting to its own Board.
  • Shadow activist equity fund SKAGEN Insight launched (the fund was subsequently liquidated in January 2020)

2016

  • "Farmand Prize", 2nd place for best website, category non listed companies
  • Marketing approval in France  
  • Winning the International Echo award in Los Angeles, Best finance marketing campaign
  • Ten-year anniversary of cooperation with SOS Children's Villages 

2015

2014

  • Fixed income fund SKAGEN Credit launched (the fund was subsequently liquidated in September 2018)
  • Equity fund SKAGEN Vekst's investment mandate changed
  • Funds approved for marketing in Ireland and Germany

2013

  • Funds approved for marketing in Belgium
  • SKAGEN celebrates 20-year anniversary

2012

2011

  • Office opened in Amsterdam
  • Funds approved for marketing in Switzerland

2010

2009

  • Elected Fund Manager of the Year in Sweden, Denmark and the Netherlands
  • Export success: 52 percent of assets under management come from outside Norway
  • Fixed management fee for SKAGEN Kon-Tiki reduced to 2 percent

2008

  • All three equity funds keep their AAA-rating from S&P
  • Internationalisation and increased export success
  • De Gouden Stier 2008: Equity fund SKAGEN Global best fund (public award)
  • Subscription fees removed

2007

  • Office established in Gothenburg
  • Our funds approved for sale in Iceland and Great Britain
  • Funds Europe Award 2007: Kristoffer Stensrud is CIO of the year
  • Assets under management pass EUR 10 billion and number of employees pass 100

2006

  • Equity fund SKAGEN Vekst upgraded to AAA rating by S&P
  • Our funds approved for sale in the Netherlands and Finland
  • Fixed income fund SKAGEN Tellus launched on 29 September
  • Offices established in Tønsberg and Copenhagen
  • SKAGEN is Norway's biggest equity fund manager and has highest net subscriptions in Sweden
  • Assets under management pass EUR 7 billion
  • SKAGEN Funds was named Best Equity Fund Manager in the category “small fund management companies” at the Lipper European Fund Awards 2006.
  • Global Investor magazine named SKAGEN Funds “The Equity Firm to Watch” at their Investment Excellence Awards in 2006.

2005

  • Equity fund SKAGEN Global upgraded to AAA rating by S&P
  • SKAGEN is Norway's biggest equity fund manager
  • Our funds approved for sale in Luxembourg
  • Assets under management pass EUR 4 billion

2004

  • Equity funds SKAGEN Global and SKAGEN Kon-Tiki upgraded to AA rating by S&P
  • SKAGEN becomes Norway's 2nd biggest equity fund manager
  • Office established in Stockholm
  • Assets under management pass EUR 2 billion

2003

  • Fixed income fund SKAGEN Høyrente Institusjon launched in March
  • All three equity funds rated A by Standard & Poor's (S&P)
  • Assets under management pass EUR 1 billion

2002

2001

  • Offices established in Bergen and Trondheim
  • SKAGEN offers defined contribution pensions for the first time

2000

  • Assets under management pass EUR 0.5 billion
  • Number of unitholders increased from 48 000 to 67 000
  • Internet subscriptions on www.skagenfondene.no

1999

1998

  • Money market fund SKAGEN Høyrente launched in September
  • Equity fund SKAGEN Global becomes best fund among those investing outside Norway
  • Office established in Oslo

1997

1996

1995

  • Fixed income fund SKAGEN Avkastning selected as the best bond fund of the year

1994

  • Fixed income fund SKAGEN Avkastning launched on 16 September
  • Equity fund SKAGEN Vekst selected as best AMS fund of 22 funds

1993

  • Stavanger Fondsforvaltning AS was granted authorisation from The Financial Supervisory Authority of Norway to manage mutual funds
  • The equity fund SKAGEN Vekst launched on 1 December
  • 448 unitholders and assets under management of EUR 2.5 million

The SKAGEN story

Why choose SKAGEN?

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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