SKAGEN Funds

What SKAGEN Funds does

SKAGEN Funds is a Norwegian boutique fund management company founded in 1993, operating as a brand and business unit within Storebrand Asset Management AS, the Norwegian-domiciled management company authorized by Finanstilsynet (organisation nr: 930 208 868, registered office at Professor Kohts vei 9, 1366 Lysaker, Norway). The firm manages a focused family of actively managed equity and fixed income funds under a value investing philosophy centered on intrinsic value and transparent price-setting. Its equity fund lineup comprises five listed products: SKAGEN Global A (global equities), SKAGEN Kon-Tiki A (emerging markets), SKAGEN Focus A (concentrated global), SKAGEN m2 A (listed real estate securities), and SKAGEN Vekst A (Nordic equities), several of which are listed on Nasdaq Copenhagen to enable exchange-traded fund units.

The firm serves retail and professional investors across 11 European countries — Norway, Sweden, Denmark, Finland, Iceland, Netherlands, Luxembourg, United Kingdom, Ireland, Germany, and France — through country-specific localized websites, an investor self-serve portal at investor.skagenfunds.com, LinkedIn and Twitter corporate channels, and annual events such as the New Year's Conference 2026. Its stated differentiation is active, intrinsic-value-based portfolio management with diversification across geographies (including selective emerging-market exposure in India) and sectors, positioning against mega-cap technology concentration as inflation and interest rate conditions shift.

SKAGEN Funds generates revenue through management fees on AUM across its equity and fixed income fund range; specific fee schedules sit in fund prospectuses rather than on the website. The business is therefore AUM-driven, with no disclosed enterprise contracts or per-seat pricing. With 11-50 employees and parent backing from Storebrand Asset Management AS, the firm operates as a small, distribution-leveraged boutique within a larger Nordic financial group, and experienced a NAV miscalculation event in October 2025 (~2.02% deviation in SKAGEN Focus A on 24 October) that triggered a temporary Nasdaq Copenhagen trading suspension.

Name

SKAGEN Funds

Legal name

Storebrand Asset Management AS

Website

https://skagenfunds.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

SKAGEN Funds is a Norwegian boutique fund manager, part of Storebrand Asset Management AS, offering five actively managed equity funds plus fixed income to retail and professional investors across 11 European countries, with several funds listed on Nasdaq Copenhagen.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector & Thematic Mutual Funds (FSAAAEAJ)

Keywords

• Actively managed funds
• Equity fund management
• Fixed income funds
• Value investing funds
• Asset management services

Headquarters

HQ city

Stavanger

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Distribution channels3 records

Marketing channels5 records

Core offering

SKAGEN Funds is a Norwegian fund management company that offers actively managed equity and fixed income funds to retail and professional investors across multiple European markets. The fund family comprises five equity funds — SKAGEN Global A, SKAGEN Kon-Tiki A, SKAGEN Focus A, SKAGEN m2 A, and SKAGEN Vekst A — managed under a value investing philosophy with intrinsic value-based daily price-setting, alongside fixed income fund offerings.

Product overview

SKAGEN Funds is a Norwegian fund management company offering a portfolio of actively managed equity and fixed income funds. The fund family includes five distinct equity funds: SKAGEN Global A (global equities), SKAGEN Kon-Tiki A (emerging markets), SKAGEN Focus A (concentrated global portfolio), SKAGEN m2 A (real estate securities), and SKAGEN Vekst A (Nordic equities). All funds operate under an active value investing philosophy, with SKAGEN Funds being part of Storebrand Asset Management AS.

Differentiator

Problem solved

Functional benefit

Products and services

• SKAGEN Global A A global equity fund managed by SKAGEN Funds that invests in companies worldwide, seeking long-term capital growth through active value investing. Targeted at retail and professional investors across SKAGEN's European distribution markets.
• SKAGEN Kon-Tiki A An equity fund focusing on growth opportunities in emerging markets, managed with a value-oriented investment approach. Targeted at retail and professional investors seeking emerging markets equity exposure.
• SKAGEN Focus A A focused equity fund that invests in a concentrated portfolio of companies globally, targeting mispriced securities under an active value investing approach. Targeted at retail and professional investors seeking concentrated global equity exposure.
• SKAGEN m2 A A real estate fund that invests in publicly listed real estate companies and real estate operating companies worldwide. Targeted at retail and professional investors seeking global listed real estate exposure.
• SKAGEN Vekst A A Norwegian-focused equity fund that invests primarily in Nordic markets, seeking growth through active ownership. Targeted at retail and professional investors seeking Nordic equity exposure.
• Fixed Income Funds Actively managed fixed income fund offerings from SKAGEN Funds, complementing the equity fund range. Targeted at retail and professional investors seeking actively managed bond fund exposure.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Storebrand Asset Management AScoreOthersSKAGEN Funds is a Norwegian fund management company that operates as part of Storebrand Asset Management AS. Storebrand Asset Management AS (organisation nr: 930 208 868) is the parent company, authorized by the Norwegian supervisory authority (Finanstilsynet). Storebrand is described as a leading Nordic provider of sustainable pensions and savings.

Recent moves5 records

Expansion highlights5 records

Regional players

• Danske Invest: Danish-based fund manager within the Danske Bank Group, offering actively managed equity, fixed income, and asset allocation funds. Direct competitor to SKAGEN in the Nordics, particularly in Denmark, with overlapping global and Nordic fund products.
• Swedbank Robur: Sweden's largest fund manager and part of Swedbank, with extensive active fund offerings across equities, fixed income, and sustainability themes. A direct competitor to SKAGEN in Nordic retail and institutional channels.
• Nordea Funds: Asset management arm of Nordea, the largest Nordic financial group. Competes with SKAGEN in equity and multi-asset funds across Norway, Sweden, Denmark, and Finland, with broader scale and product range.
• Handelsbanken Fonder: Swedish fund manager of Handelsbanken, offering a broad suite of active equity and fixed income funds primarily across the Nordics. Comparable to SKAGEN in active philosophy, retail-led distribution, and Nordic geographic focus.
• SEB Investment Management: Asset management arm of SEB, offering active and quantitative strategies across equities, fixed income, and multi-asset. Overlaps with SKAGEN in Nordic and European retail channels and active equity fund categories.

Direct peers

• ODIN Forvaltning: Norwegian boutique active equity fund manager owned by SpareBank 1 Gruppen, running global, Nordic, and emerging market funds. Closely comparable to SKAGEN in size, philosophy (active value/quality), and target market (Norwegian and Nordic retail/professional investors).
• KLP Kapitalforvaltning: Asset management arm of KLP, Norway's largest life insurer and pension provider. A direct Norwegian peer running active equity and fixed income strategies with similar institutional parent backing and Nordic retail distribution.
• DNB Asset Management: Norwegian asset management arm of DNB, the largest financial services group in Norway. Directly comparable to SKAGEN as a domestic active fund manager serving Norwegian retail and institutional clients with equity and fixed income strategies, and similarly distributed across Nordic markets.

Broad incumbents

• Federated Hermes: Global active asset manager with strong European wholesale distribution and active equity/fixed income capabilities. A broad incumbent offering active strategies comparable to SKAGEN's global, emerging, and concentrated funds to European intermediaries.
• BlackRock: Global asset management giant operating iShares and active equity platforms. While much larger, BlackRock competes with SKAGEN's global equity (SKAGEN Global A) and emerging markets (Kon-Tiki A) products across European retail distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/skagenfunds
• LinkedInlinkedin.com/company/skagen-as
• Facebookfacebook.com/skagenfunds

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SKAGEN Funds