Skagen enters the UK wholesale market

Norwegian asset manager Skagen has made its initial foray into the UK wholesale market, launching four equity and fixed interest funds on the Transact platform.

Skagen enters the UK wholesale market
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UK wholesale investors will now be able to invest in SKAGEN Global (global equities), SKAGEN Kon-Tiki (global emerging market equities), SKAGEN Vekst (Norwegian / global equities) and SKAGEN Tellus (global government bonds) through the wrap platform.

The company, an independent and partner-owned Scandinavian investment management company, already manages £1bn of institutional capital for around 50 UK clients.

As of the end of January, its total AUM was around £13bn, with operations spanning Norway, the Netherlands and the rest of Europe.

Tim Gordon, Client Relations, SKAGEN Funds, said: “Our entry into the UK wholesale market reflects the key strategic role of the advisory and wealth management channel as we continue to grow and diversify our UK client base. We will look to work closely with a small number of select distributors to build long-term, stable partnerships and provide the best level of service for their clients.”

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