- Advertisement -
- Advertisement -

Related

Two new launches reviewing NHX-Iceland subindex

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Two new fund launches put Iceland back on the map of the Nordic hedge fund universe. The last Icelandic constituent, Verto Recovery Fund, closed its doors nearly three years ago.  The new additions to the NHX, which are run by Gamma Capital Management, are designed to “capture the idiosyncratic nature of the Icelandic economy.”

Gamma Icelandic Opportunity Fund is the first fund focused on investments into Iceland. Domiciled in Ireland, its objective is to create a conduit for international investors to invest in Iceland with EUR and USD share classes. The Multi-strategy fund invests in Icelandic assets such as government bonds, deposits, corporate credit and real estate companies, with target returns of 20% per annum over a three-year period, taking anticipated appreciation of the ISK into account.

Gamma Icelandic Macro Fund is a Fixed Income fund, also domiciled in Ireland, which invests in Icelandic government obligations denominated in the Icelandic Krona and in covered bonds issued by Icelandic banks, deposits and bank bills. Its target returns for investors is 10% or more per annum over the next three years, again taking appreciation of the ISK into account.

Gamma Capital Management was the first Icelandic post-crisis financial services company to undertake operations in the UK starting in 2015, following the forthcoming liberalization of the Icelandic capital account. According to Gisli Hauksson, CEO, CIO and co-founder of Gamma, the firm has grown rapidly in recent months, with AUM currently at approximately GBP 800 million. Following its obtaining of an independent operating license from the UK Financial Conduct Authority, the firm’s funds are designed to take advantage of the current favourable economic environment in Iceland, with high economic growth and a high interest rate differential compared to abroad, alongside the expected appreciation of the ISK.

Both funds launched November 1st 2016 and are thus currently working on their first monthly NAVs.

Welcome back to the NHX, Iceland. Make us proud!

 

Picture: (c) Danni—Fotolia.com.jpg

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

Our newsletter is sent once a week, every Friday.

Glenn Leaper, PhD
Glenn Leaper, PhD
Glenn W. Leaper, Associate Editor and Political Risk Analyst with Nordic Business Media AB, completed his Ph.D. in Politics and Critical Theory from Royal Holloway, University of London in 2015. He is involved with a number of initiatives, including political research, communications consulting (speechwriting), journalism and writing his post-doctoral book. Glenn has an international background spanning the UK, France, Austria, Spain, Belgium and his native Denmark. He holds an MA in English and a BA in International Relations.

Latest Articles

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.