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