- Advertisement -
- Advertisement -

Related

Danske L/S Fund Liquidated

Industry Report

- Advertisement -

Stockholm(HedgeNordic) Danske Invest SICAV – Europe Long-Short Dynamic Plus fund has closed and liquidated following significant assets drop, as the company announced. The manager argued the fund has been closed “because the overall investment volume has proven not to be sufficient to provide a satisfactory return.”

Danske Invest specified in a letter to shareholders at the end of July that assets in the fund, which only launched in June 2015, had reached a level at which the management of the fund could no longer be operated efficiently, and therefore would close with August 10.

According to data from Lipper, the fund had $101 million in assets at the end of July 2108, it had peaked at $662 million in April 2016.

The fund was managed by Peter Rothausen and Simon Christensen with the aim of delivering absolute return through a long/short equity approach focusing on European companies and Eastern Europe stocks. The fund invested mainly in equities and equity-related securities in companies domiciled in or with main activity in Europe. The fund invested a small part in securities domiciled in or traded on regulated markets in countries outside Europe.

The Danske Invest Europe Long Short Dynamic Plus fund lost 4.5% in euro terms over the three years to the end of June 2018.

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

Rising Adoption of Quantitative Investment Strategies Among Nordic Investors

From a high-level perspective, there is a clear trend of increasing adoption of quantitative investment strategies (QIS) among Nordic institutional investors, either through the...

EU Plans Stress Test for Hedge Funds and Non-Bank Firms

European regulators are planning a stress test to identify vulnerabilities beyond the traditional banking sector, focusing on less regulated entities such as hedge funds,...

ALCUR Fonder Continues Hiring Spree

Following two earlier additions this year, ALCUR Fonder continues to expand its portfolio management team at a notable pace. The Stockholm-based hedge fund boutique...

Nordic Private Markets Modernize with Data-Centric Trade Lifecycle Automation

By Anders Stengaard Jensen at Indus Valley Partner: In recent years, asset managers in Nordic countries have accelerated efforts to modernize trade operations, particularly...

Norwegian Hedge Fund Industry Sees Major Boost with New Launch

The Swedish and Danish hedge fund industries remain closely matched in size, with Denmark recently edging ahead of Sweden. While still less than half...

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

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.