- Advertisement -
- Advertisement -

Related

Eastern Europe Absolute Shutdown

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Danske Bank’s asset management arm, known in the Nordic hedge fund industry for its successful suite of fixed-income hedge funds, is liquidating its Eastern Europe-focused long/short equity fund. Danske Invest Eastern Europe Absolute is set to liquidate on October 19 due to a decline in the volume of assets under management.

“Having taken into account all relevant factors, namely the fact that the level of the assets of the Fund has reached a level which no longer allows for the Fund to be operated in an economically efficient manner, the Board is of the view that the contemplated termination of the Fund would be in the best interest of the Shareholders of the Fund,” according to an announcement. “The Board has therefore decided to close the Fund for subscription by any additional investor as of 21 September 2020 at 10:00 AM.”

Danske Invest Eastern Europe Absolute was launched in October 2011 under the name Danske Invest Europe Absolute, before the then Europe-focused fund changed its name, investment strategy and investment team at the beginning of September 2017. With the original fund’s strategy exhibiting a higher-than-expected degree of correlation with the stock market, the fund’s focus shifted towards Eastern European equity markets starting from September 2017 in an attempt to produce uncorrelated returns. Danske Invest Eastern Europe Absolute has been managed by chief portfolio manager Morten Lund Ligaard (pictured).

The long/short hedge fund investing in companies operating or domiciled in Eastern Europe or Turkey delivered a negative cumulative return of 7.8 percent since September 2017, after returning a negative 4.4 percent year-to-date through the end of August. The fund has seen its asset under management fall from over SEK 2.0 billion at the beginning of 2020 to about SEK 700 million at the end of July and to below SEK 100 million this month.

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

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Active Decisions in Passive Wrappers: Othania on ETF Innovation

Founded in early 2016 by brothers Vincent Dilling-Larsen and Christian Mørup-Larsen, Danish fund boutique Othania built its foundation on a proprietary risk model, “Tiger,”...

Rettig Appoints Crescit Manager to Oversee Hedge Fund Strategies

Simon Borgefors has joined Finnish family-owned investment company Rettig as Investment Director for hedge fund strategies in Stockholm, leaving Swedish hedge fund boutique Crescit...

€5m Ticket to Nordic High Yield From German Family Office

A German family office plans an initial €5 million commitment to a UCITS‑compliant Nordic high‑yield fund, with capacity to scale over time. According to...

From Beef to Bitcoin: August’s Wild CTA Ride

In August 2025, the CTA sub-index of the Nordic Hedge Index edged lower after two positive months, reflecting mixed performance among managers. Strong gains...

Lauri Ehanti to Leave Aalto University Endowment After 14 Years

Lauri Ehanti is leaving Aalto University’s endowment fund after 14 years in various roles, most recently as Head of Investments. His responsibilities will be...

Othania’s All-In-One Fund Celebrates Five Years

Danish fund boutique Othania is celebrating the five-year anniversary of Othania Balanceret Makro, its all-in-one fund blending equity, bond, and alternatives exposure through Exchange...

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.