Finland: Range of strategies continues to grow in Helsinki

Tue Sep 4, 2007

Finland opened up its hedge fund market back in 1998, just two years after Swedish legislation pioneered a framework for an alternative investment industry. Like Sweden, Finland’s supportive regulations not only stimulated a local hedge fund industry, but also made hedge funds acceptable to a broad range of retail investors and institutions.

However, in recent years, its relative position in the Nordic universe has declined, primarily due to the rapid rise of the Norwegian and Danish hedge fund markets. In 2005, Finland was the second-largest home for Nordic hedge fund assets with a market share of 13%, but has slipped down to the fourth ranking with a 7.8% share.

While this relative decline can partly be blamed on the modest flow of new hedge funds into the market, new initiatives – such as the Contango Commodity Fund – nevertheless reflect an ongoing entrepreneurial spirit within the local...

ISSN: 2151-1845 / CDC10004H

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