- Advertisement -
- Advertisement -

Two new launches reviewing NHX-Iceland subindex

- 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

Benchmark-Plus High-Yield Investing at LD Pensions

Stockholm (HedgeNordic) – Danish pension fund LD Pensions manages two separate pension funds, each with different investment horizons. While the allocation across equities, investment-grade...

Small-cap Equities: Entering a Sweet Spot?

By Krzysztof Janiga, CFA, Senior Equity ETF Strategist at SPDR: As valuation levels in large caps became extreme, the market rally began to broaden...

Rhenman’s Healthcare Fund Transitions to Article 8 Classification

Stockholm (HedgeNordic) – Since its inception in mid-2009, the Rhenman healthcare fund has focused on investing in healthcare companies, which contribute to at least...

The ART of Finding Right Tails

Stockholm (HedgeNordic) – Philosopher Nassim Nicholas Taleb coined the term ‘Black Swan’ to describe the tendency to underestimate the likelihood of extreme, hard-to-predict events,...

Cevian Acquires Stake in Swiss Insurer

Stockholm (HedgeNordic) – Swedish activist investor Cevian Capital has unveiled a 3.12 percent stake in Swiss insurer Baloise Holding AG. The stake is valued...

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...

Allocator Interviews

Latest Articles

In-Depth: High Yield


Request for Proposal

- Advertisement -