Mon, Jul 6, 2015
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

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner