Hedge Funds

Nordic-focused Taiga adopts active role in search for value

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The fund formerly known as Explora Active has formally renamed itself as the Taiga Fund and is seeking to boost its investor base following a very strong showing in 2009.

 
Ola Wessel-Aas and Andreas Petteroe


The name Taiga refers to the world's largest forest, which ranges from the Nordic countries through Russia and across to Alaska and Canada. The fund, which launched in May 2008, fell by 7% in its first year amid the tumult in global equity markets in 2008 but rebounded strongly in 2009 with a gain of nearly