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DnB Nor says US recession is a reality

Along with Nordea, DnB Nor has re-evaluated its opinion of the current situation on the financial markets and now accepts that a US recession...

Citigroup has suspended redemptions in CSO Partners

February 15th (Times Online): Citigroup has barred investors from withdrawing money from its fund CSO Partners. This comes after investors tried to withdraw over...

Hedge funds could influence US election

February 14th (Reuters): The hedge fund industry could play an important role in the US election as funds donate money to back politicians’ campaigns....

Credit crisis is far from over

According to the Group Managing Director of Nordea, Christian Clausen, we are only halfway through the credit crisis despite previous contrary claims, NA24 reported....

Latin American fund managers show little concern for US credit crunch

February 14th (HedgeWeek): Most Latin American fund managers do not expect the US sub-prime crisis to seriously affect Latin America, KPMG's latest annual Latin...

Swedish repo rate increased to 4.25%

February 13th (Financial Times): At its meeting yesterday, the Executive Board of the Riksbank, Sweden’s central bank, decided to raise the repo...

London is the preferred location for emerging market hedge funds

February 13th (Financial Times): New research by Hedge Fund Research suggest that London is the most popular location for emerging market hedge ...

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...