Denmark: Copenhagen catches up with neighbours

Tue Sep 4, 2007

After playing the wallflower at the Nordic hedge fund party for so many years, Denmark has lost its shyness and is catching up for lost time. The onset of a revised liberal regulatory framework for hedge funds, in July 2005, created a more conducive environment for stimulating the Danish industry, which only accounted for a tiny 1.4% share of overall regional hedge fund assets in mid-2005. Although initially slow to grasp the new opportunities, the pick-up in momentum over the last year has transformed Denmark’s position. Having previously ranked fourth in terms of asset size, it now accounts for 10.4% of total Scandinavian assets. Consequently, Denmark has graduated into the third-largest hedge fund centre in the region.

During 2007, the flow of new hedge funds into the market is expected to rise sharply, especially as Danish regulations now permit the establishment of Danish-domiciled funds. Clearly, there...

ISSN: 2151-1845 / CDC10004H

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