The star investment manager of a multi-award-winning, Nordic fund has stepped back from running the portfolio he led for almost a decade, less than a month after one of his co-managers left the team.

Filip Weintraub has resigned his post as lead manager of Skagen Funds' Nkr31bn (€3.8bn) Skagen Global fund, which he had led since its creation in 2001, the company told investors today.