Stockholm-based long/short equity house Prior & Nilsson had
a bumper year in 2010 with the Idea Fund, the more adventurous
of its two Nordic-biased European equity offerings.
Torgny Prior (left) and Per-Olof
The fund, managed by co-founder Torgny Prior, made an
impressive 30.26% return for the year – compared with
around 5% for the EuroHedge European Equity Nordic index. The
fund was already doing well when it received a late boost
thanks to a strong showing in December, returning 8.32% on the
Prior & Nilsson’s other offering, the more
conservative Yield Fund, also made good progress –
returning 4.99% on the year. Yield is designed...