Fri, Oct 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers February 2013

Focus - Starting out up North

The Nordic region is not what you would call a hub for new and re-emerging hedge fund managers. However, there is still some activity there among those managers, institutions and investors, and that is what we look at in this article.

If you had to be reborn anywhere in the world as a person with average talents and income, you would want to be a Viking, stated The Economist earlier this month. As indeed, the region ranks high economically and socially, and is seen as one that is in the vanguard of government reform. However, the paper says, the Nordic countries' level of taxation still encourages entrepreneurs to move abroad, and London is full of clever young Swedes.

This seems to be the case when in comes to hedge fund managers too. Starting out a hedge fund in the Nordic region is possible and standards are as high as everywhere else. But the environment does not seem to encourage hedge funds start-ups. However, we talked to a couple of Nordic firms where new hedge funds go to: Brummer & Partners and SEB (see also our SEB interview in Seeders' Corner right after this article). We also hear about a new product from RPM that invests in new and small CTAs, and a Norwegian hedge fund manager, who is about to launch a new fund, tells Opalesque why he prefers to be in London.

Evolving CTA manager product

"One development that affects us, like all the other regions, is that the regulatory demands are increasing, which in fact also contributes to the trend that the biggest managers become even bigger. There are fewer start-up hedge funds and, to a certain extent, fewer types of new strategies comi......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t