Scandinavian asset manager Skagen Funds has launched a global equity fund focusing on companies subject to activist campaigns.
Skagen Insight is a 30 to 40 stock portfolio that will adopt a "shadow activism" approach, identifying companies that are likely to attract activist investor attention in a bid to unlock value through the structural, strategic, operational, financial or governance changes that subsequently occur. Tomas Johansson will run the fund, applying Skagen's value-based, bottom-up approach to stock selection. He joined from European activist fund Cevian Capital in 2015. SKAGEN Funds acquired by Nordic pensions firm The fund aims to invest in companies subject to the most attractive activist ...
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