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 month.
Prior & Nilsson's other offering, the more conservative
Yield Fund, also made good progress - returning 4.99% on the
year. Yield is designed...