A EUR 866 million manager started buying Danske shares after 30 percent slump
An asset manager in Norway started buying shares in Danske Bank A/S at the end of the summer afterinvestor fears fanned by a money laundering scandal led to panic selling.
Jonas Cho Walsgard/Bloomberg
Alexander Stensrud, who helps manage almost EUR 870 million at Skagen Vekst, said shares in Denmark’s biggest bank now make up about 1.2 percent of the total since the fund bought the stock a few months ago, after it sank 30 percent from a 2017 high. Those purchases came after Skagen had dumped its entire Danske holding at the end of last year, he said.
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