Sweden is home to one of the largest absolute return UCITS
launches so far this year.
Stockholm-based Norron Asset Management launched three funds
on 1 February 2011 with a combined $100 million assets under
management. They have already grown to $200 million with
a further $30 million mandate expected in the next couple of
The Luxembourg-domiciled Norron SICAV is an umbrella fund
with three sub funds: a multi strategy fund called Norron
Target, an equity long/short fund called Norron Select and
Norron Preserved, a fixed income fund. All the funds are
currently focused on companies based in the Nordic
Ulf Frykhammar: chief executive of Norron Asset
Individual funds that recently launched with $100 million
include: Millburn Ridgefield Corporation, launched in June
2011, and Paulson & Cos first UCITS fund which...