Thu, Sep 21, 2017
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. Asia - Hedge funds used to love shorting China. Now, not so much, Fledgling China FoFs require careful use: NCSSF, Amac, Japanese banks turn to PE, hedge funds for returns[more]

    Hedge funds used to love shorting China. Now, not so much From Bloomberg.com: A sharp devaluation. A credit crisis. And an economic hard landing. That's what some of the biggest names in the hedge fund industry were predicting for China after the nation's stocks and currency tumbled in 2

  2. Launches - Orchard launches new credit platform, ETN based on hedge fund to launch on the LSE[more]

    Orchard launches new credit platform Orchard Platform has rolled out Deals as a part of its new platform launch. With the addition of Deals to their suite of technology solutions for loan originators and institutional investors, Orchard Platform takes the next step in their evolution. De

  3. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  4. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  5. ...And Finally - FAN-antic[more]

    From Newsoftheweird.com: Jeffrey Riegel, 56, of Port Republic, New Jersey, left 'em laughing with his obituary's parting shot at the Philadelphia Eagles. In it, Riegel asked that eight Eagles players act as pallbearers, "so the Eagles can let me down one last time." Riegel owned season tickets for 3