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Alternative Market Briefing

Sweden's $42.3bn hedge fund industry second largest in Europe

Thursday, July 25, 2019

Laxman Pai, Opalesque Asia:

The €92bn of assets managed by Sweden-based alternatives fund managers makes it the third-largest industry in Europe; in contrast, the €12bn of capital invested in Sweden-based assets since the beginning of 2018 ranks seventh among the countries.

According to Preqin report on Europe, the Swedish alternatives industry is dominated by the private equity & venture capital and hedge fund markets, which together represent €80bn of AUM (or 87% of the national alternatives market).

Despite private debt's relative youth as an alternative asset class, Sweden boasts a €6.0bn industry, larger than that of Switzerland (€5.0bn) and Germany (€2.9bn).

While Sweden houses many healthy private capital markets, the hedge fund industry is the standout sector, said Preqin.

European mainland's hedge fund hub

At €38bn ($42.3bn), Sweden's hedge fund industry is the second largest European market, representing 6.6% of total European assets.

Stockholm is the hub and is home to nearly nine of every 10 Sweden-based hedge fund managers.

Although the UK is the largest hedge fund market in Europe, the presence of large managers in Sweden such as Cevian Capital (€11.5bn) and Brummer & Partners (€11.1bn) has helped to build the fifth-largest hedge fund industry in the world.

Cevian Capital represents the only non-UK-based hedge fund manager to feature among the 10 largest Europe-based hedge fund managers in Preqin's 2019 Le......................

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