Martin Estlander from Estlander & Partners said: "Particularly in the Nordics we have had legislation that provides for
onshore vehicles for alternative investment managers already for a number of years.
For example, there is a Swedish Special Mutual Fund and a Finnish Special Mutual
Fund which have less constraints on the investment strategies than what is the case
for a traditional mutual funds."
Estlander explained that there are some constraints on investment
strategies but some hedge fund strategies fit quite well into them. "Therefore, with
several few years of regulated, onshore funds in the market now, the perception
of hedge funds is more positive here in the Nordics than in many other parts of
Europe. We can see a number of institutions having a preference for the
onshore format over say Cayman funds."
Asked about other European regulatory changes, Mikael Stenbom from RPM said: "I guess the positive side of AIFMD is that it is ......................