Skagen Funds replaces its CEO

The Norwegian Skagen Funds has been bleeding assets since its founding partners left the company in late 2014. In its latest bid to reverse the negative trend the company has announced today that it has hired a new CEO.

Skagen Funds announced today that Øyvind Schanke will become its new CEO starting in February next year. He joins the mutual fund company from the Norwegian Bank Investment Management where he acted as a chief investment officer for asset strategies since late
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