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Annual Report 2018: The storm after the calm
2018 was book-ended by levels of stock market volatility not seen since the Eurozone debt crisis in 2011, writes Investment Director Alexandra Morris.
In 2018, SKAGEN celebrated an important milestone, namely a quarter century of service to our clients. Our founders took a local money manager, from West Coast Norway, and established it as a respected European fund house. Over 25 years, clients have enjoyed both market-beating return and periods of correction; excess return and underperformance. SKAGEN has seen both growth and contraction; good stories and bad. We are still here, and ready and eager to make a difference for our clients.
As SKAGEN enters its twenty-sixth year of investing, our focus on finding the best undervalued companies to deliver long-term returns for our clients remains undimmed and we look forward to updating you on our progress throughout 2019.