- Advertisement -
- Advertisement -

You may be too late for Taiga!

- Advertisement -

Stockholm (HedgeNordic) Hesitant investors who had been looking to allocate to Taiga Fund may well be disappointed as the Norwegian manager announced the fund will be hard closing due to capacity restrictions and will not be accepting new investments.

In a statement the funds portfolio manager and founding partner Ola Wessel-Aas says “We are pleased to announce that we have now reserved capacity that meets the AUM target for the fund for the foreseeable future. We will therefore not accept further subscriptions from investors who have not received confirmation that we have reserved capacity on specific valuation dates.”

Taiga Fund had previously stated the manager would not accept further subscriptions once it had reached total asset under management of two billion NOK or approximately 215 million Euros. „The fund will be considered hard closed after 1st August 2016 but we will initiate a waitlist in order to allow investors to replace future redemptions”, says Elin Wallin Tørre, responsible for Operations & Investor Services at Taiga Fund Management (pictured).

The fund is one of the most consistent nominees at the Nordic Hedge Award. On April 27th Taiga Fund was awarded third place in the category “Best Nordic Equity Hedge Fund 2015” and an outstanding ranking as “Best Nordic Hedge Fund 2015 (over all)”, second only to Denmarks´Asgard Fixed Income Fund.

Impressively, Taiga Fund returned (close to) 20 per cent per annum five times since its inception in July 2009 and only once yielded negative in a calendar year (-1.65 per cent in 2011). According to data from HedgeNordic, Sharpe Ratio for Taiga Fund is close to 2.

Taiga Fund is up by 2.5 per cent in 2016 while the Nordic Hedge Index Composite (NHX) remains under water by 0.2% YTD despite three consecutive months of positive returns.

Picture: (c) Niklas Åkesson Creative for HedgeNordic

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

Latest Articles

Nordic Hedge Funds Sustain Momentum

Stockholm (HedgeNordic) – Following its strongest first quarter in 15 years, the Nordic hedge fund industry sustained momentum into April. As reflected by the...

The Hands-On Approach of NCI Advisory in Debt Investing

Stockholm (HedgeNordic) – With over 45 years of expertise in structured finance and debt asset management, Jørgen Beuchert has dedicated the last 15 years...

Hedge Fund Journal: Calculo Best in Commodity Trend Following

Stockholm (HedgeNordic) – Calculo Evolution Fund, a pure commodity trend-follower based in Denmark, has been recognized as the “Best Performing Commodity Trend Follower” over...

SRV’s Multi-Pillar Fixed-Income Strategy

Stockholm (HedgeNordic) – Despite Danish mortgage bonds being widely regarded as almost risk-free, occasional spikes in risk aversion trigger significant spread widening versus government...

DBi Pioneers Cost-Efficient Access to CTA Performance

Stockholm (HedgeNordic) – Trend-following CTAs or managed futures vehicles are often seen as effective diversifiers within investment portfolios, exhibiting limited correlation to equity and...

Swiss Bank Eyes Global Equities Through Quant and Options Overlay Funds

Stockholm (HedgeNordic) – A Swiss private bank is seeking to allocate a minimum of €20 million to a fund specializing in global equities through...

Allocator Interviews

Latest Articles

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -