SKAGEN funds get mention
SKAGEN Global and SKAGEN Kon-Tiki were selected by fund analysts asked by Swedish newspaper Dagens Industri to create two fund portfolios for 2009, according to Citywire and the newspaper’s own website. For the English Citywire article, see here. The Dagens Industri article in Swedish can be viewed here.
06.01.2009
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Support for CARF
SKAGEN AS has renewed its support of the Children at Risk Foundation (CARF). The Hummingbird Project provides an increasing number of children and young people from the favelas outside São Paulo in Brazil with the opportunity to take part in activities which build skills, interests and faith in the future.
06.01.2009
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Distribution of new units
New units have been distributed to unit holders in the fixed income fund SKAGEN Tellus as of 31 December 2008.
05.01.2009
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New SKAGEN house in SOS Children’s Villages
A new SOS Children’s Village is currently being constructed in Pskov, Russia. SKAGEN is supporting the work by contributing a further NOK 2 million (EUR 200,000). “The support from SKAGEN means that we can ensure a safer childhood for more children,” says Synne Rønning from the charity SOS Children’s Villages.
23.12.2008
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Supporting Médecins Sans Frontières in Congo
SKAGEN AS is pleased to be able to support the work of Médecins Sans Frontières and at the same time reinforce its employees’ commitment towards the organisation. This year Médecins Sans Frontières is receiving NOK 2 million (EUR 200,000) to support its medical relief work in Africa, including in East Congo.
22.12.2008
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Opening times over Christmas and New Year
SKAGEN Funds will be closed from 24 to 26 December 2008 inclusive, as well as on Thursday 1 January 2009. The final deadline for subscriptions in 2008 is Wednesday 31 December at 12pm CET, with certain reservations.
17.12.2008
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Monetary policy below zero
The financial crisis and a strong recession have brought the central banks to their knees. Led by the Federal Reserve, policy rates are now being slashed the world over. The Norwegian central bank will follow suit, writes portfolio manager Torgeir Høien in a commentary in Norwegian daily, Finansavisen.
15.12.2008
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November: relatively good
November was a relatively good month for SKAGEN Kon-Tiki, compared to the fund’s benchmark index. The equity fund lost 1.0 percent, while the MSCI Emerging Markets Index declined 3.3 percent. Read more in the status report for SKAGEN Kon-Tiki.
12.12.2008
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Temporary darkness
This autumn's halt in the financial system is now being felt in the real economy. Governments' measures globally are now focused on this development. This is a positive focus, but it will take some time before the measures take full effect and the problems are resolved. Read the status report for SKAGEN Global.
12.12.2008
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Ask the portfolio managers
2008 is drawing to a close. What do the portfolio managers believe the future will bring? Will there be more good news in the New Year than there was this year? SKAGEN’s portfolio managers answered your questions on Thursday 18 December.
12.12.2008
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