The Skr3.8bn (€412.2m) asset manager established through the will of Swedish inventor Alfred Nobel has invested in global equities as the fund continues to move into overseas investments.
The Nobel Foundation has given a Skr143m global equity mandate to Norwegian asset manager Skagen Funds, and invested Skr100m in the Global Advantage Major Markets High Value Fund jointly managed by State Street Global Advisors and Keppler Asset Management, according to news service MandateWire.