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Martin Estlander Beverly Chandler, Opalesque London:

Delegates at The Opalesque 2013 Nordic Roundtable, sponsored by Estlander & Partners, Eurex and Taussig Capital discussed the Nordic preference for onshore as opposed to offshore financial products.

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 ......................

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