Old school New England 92 - Scanorama
Old school New England 92 - Scanorama
Old school New England 92 - Scanorama
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SPECIAL ADVERTISING SUPPLEMENT FROM INVESTMENT MANAGER SKAGEN FUNDS<br />
Common sense: Our common sense investment<br />
philosophy has provided consistent returns and<br />
outperformance since we started in 1993<br />
SKAGEN: the facts<br />
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regulated from Norway<br />
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offices in Norway, Sweden, Denmark, UK and the<br />
Netherlands<br />
The art of common sense<br />
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and three money market funds<br />
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broad global mandates<br />
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Sweden, Finland, Iceland, Luxembourg,<br />
the Netherlands, the United Kingdom and<br />
Switzerland.<br />
Important Information:<br />
All performance figures included in this article are measured in EUR net of fees and updated as of 30 September 2011. There are no subscription or<br />
redemption fees when investing directly with SKAGEN Funds. Historical returns are no guarantee for future returns. Future returns will depend, inter alia,<br />
on market developments, the fund manager’s skill, the fund’s risk profile and subscription and management fees. The return may become negative as<br />
a result of negative price developments. Fund performance may vary considerably within one year. Gains or losses for individual unit holders will therefore<br />
depend on the exact timing of the subscription and redemption of units. This article is not intended as a recommendation with respect to the purchase or<br />
sale of any particular investment. SKAGEN’s funds cannot be distributed to investors subject to US jurisdiction including investors resident in or taxable to<br />
the USA. The management company SKAGEN AS is under the supervision of The Financial Supervisory Authority of Norway (www.finanstilsynet.no)<br />
SKAGEN Offices:<br />
Stavanger, Bergen, Oslo,<br />
Trondheim, Ålesund, Tønsberg,<br />
Copenhagen, Stockholm,<br />
Gothenburg, Amsterdam<br />
and London.<br />
HARALD ESPEDAL, SKAGEN Funds chief executive and investment director,<br />
sums up what he believes lies behind SKAGEN’s success<br />
Alignment: Our performance fee structure ensures<br />
a commonality of interest with our clients and our<br />
portfolio managers co-invest a lot of their personal<br />
wealth in the funds they manage<br />
Independence: We are owned by our founders and key<br />
employees and are independent of any financial<br />
institution. We therefore have the freedom to choose<br />
what is best for our clients in the long term<br />
www.skagenfunds.com<br />
Keys to successful fund management<br />
Location: We are located far from the world’s<br />
financial centres and are able to think and act in an<br />
independent and contrarian manner<br />
Simplicity: Our sole business is fund management.<br />
We only have a few simple products and focus on<br />
quality over quantity<br />
Global orientation: We operate in a global investment<br />
universe with broad mandates<br />
Transparency: We strive to provide open, honest<br />
and timely communication to our clients at all times
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