Nordic Absolute Return expands horizons to target UK and other European investors

Fri Nov 25, 2011

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 by...

ISSN: 2151-1845 / CDC10004H

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