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Erik Bergöö will take up a position as portfolio manager with A.P. Møller Holding in Copenhagen. The departure of Erik is a personal choice to pursue another career opportunity. He will cease employment with SKAGEN at the end of September.

"We have valued Erik's contribution to our portfolio management team and wish him all the best in his new job," say Leif Ola Rød, SKAGEN's CEO and Investment Director.

SKAGEN Vekst currently has NOK 7.3 billion in assets under management. The fund invests in selected companies in the Nordic region and globally, and has returned an average of 14% since inception on 01.12.1993.

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Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager's skill, the fund's risk profile and management fees. The return may become negative as a result of negative price developments.