Despite a strong track record dating back to 2003 –
making it one of the more established Scandinavian hedge fund
managers – Stockholm-based Nordic Fund Management is
far from a household name, and its Nordic Absolute Return Fund
may have eluded many investors’ radar screens.
But the firm is now making moves to extend beyond its
traditional Swedish clientele, with a marketing initiative
aimed at investors in the UK and, potentially later, other
major European centres.
Its fundamental long/short equity strategy has produced an
annualised return of 7.92% since launch in April 2003, and the
fund has performed well so far in 2011, with a year-to-date
gain of 8.03%. This includes positive returns in August and
September of 1.56% and 3.09% respectively, when equity markets
and most European long/short funds took a pummelling.
The Dublin-domiciled Nordic Absolute Return Fund is managed