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The Icelandic currency has deteriorated further

Iceland has not escaped unscathed from the global credit crunch as the value of the country's currency dropped further. The Icelandic krone has weakened substantially and consequently, financial...

Strong 2007 performance from emerging market hedge funds

February 11th (Reuters): In 2007, hedge funds which specialise in emerging markets took in $9 billion in new money. The strongest portfolios focused especially...

RAM Partners’ Diversified Fund I joins the Nordic Hedge Fund Index

Finnish RAM Partners’ fund of funds, Diversified Fund I, has joined the Nordic Hedge Fund Index. Launched in September 2007 by RAM Partners, Diversified...

Danish inflation rate reaches highest level in five years

In January, Danish consumer prises increased by 2.9% compared to the same month last year, which is the largest yearly increase since March 2003,...

G7 meeting disclosed concern that sub-prime losses could reach $400bn

February 10th (Financial Times): The G7 talks were dominated by issues related to the credit crunch and the general concern was reportedly that write-offs...

Straumur CEO finds recent criticism of Icelandic banks justified

According to William Fall, CEO of Straumur, the criticism of Icelandic banks is justified, Dagens Industri reported. Furthermore, the CEO expects the financial markets...

Latest hedge fund trading patterns indicate a market turn

February 7th (Reuters): The latest moves by hedge funds give the impression that financial markets need to take a break from the trading patterns...

Scandinavian banks stay in good health despite international credit crisis

According to HSH Nordbank, Scandinavian banks are in good health and hold strong credit portfolios in spite of the US sub-prime crisis, epn.dk reported....

Hedge fund SRM Global drops 50%

February 7th (Financial Times): The hedge fund SRM Global, which is Northern Rock’s largest shareholder, has dropped approximately 50% since 2006. In...

New Danish hedge funds soon to be launched

2008 brings new hedge funds to Danish investors as the Danish Financial Supervisory Authority has approved of five new hedge funds, Børsen reported. “There is...

Saxo Bank joins Reuters Prime Brokerage for Matching with JP Morgan

Saxo Bank and JP Morgan have announced a prime broker agreement that will make Saxo one of the first, fully deployed clients of the newlyenhanced...

Activist hedge fund to target Europe

According to Financial Times, Guy Wyser-Pratte, the New York-based arbitrageur, has teamed up with one of the co-founders of Knight Vinke asset management to...

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