The Nordic region has a young and small alternative UCITS
industry. The sector is centred in Sweden, the birthplace of
the Nordic hedge fund industry, with established asset managers
in Norway, Finland and Denmark also gaining ground.
There are a handful of asset managers in Sweden, Finland,
Denmark and Norway that manage around $2.6 billion in
alternative UCITS assets at 31 December 2011 (see table
below). The majority of asset managers that launched the
15 hedging strategies using the UCITS wrapper unveiled them
primarily in 2010 or 2011.
Economically, most of the region is in good health. In
particular, Sweden and Norway have been seen as something of a
safe haven in Europe. They came out of the global financial
crisis in rude health, having experienced their own economic
storms following recessions in the 1990s, and they
haven’t had the same sovereign debt issues that
their southern European neighbours have...