Skagen Funds announced the appointment of Fredrik Bjelland as portfolio manager for the emerging market fund Kon-Tiki.
Fredrik Bjelland comes from a managerial position in Norges Bank Investment Management (NBIM) in Shanghai to join Knut Harald Nilsson and Cathrine Gether on the Skagen Kon-Tiki portfolio team in Stavanger. After a successful career in China where he was portfolio manager and head of China, Special Mandates, Bjelland will be responsible for one of Scandinavia’s most successful global equity funds on 28 August 2017. Prior to that, he worked for Morgan Stanley as a stock analyst.
The Norwegian fund had already launched the Kon-Tiki in 2002, when the emerging markets were still considered to be the backdrop for adventurous investors. The equity fund, now €3.5bn, has been authorised for distribution in Germany since the beginning of 2015.