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Hedgenordic has launched the first hedge fund index in the Nordic region, which monitors hedge funds in Sweden, Denmark, Norway and Finland and provides a database of fund returns.
Jan Andersen, CEO of Hedgenordic, told nrpn that the new hedge fund regulations in Norway and Denmark provided an excellent opportunity for launching the service.
“It is now possible to speak of a complete Nordic hedge fund market. We believe that a great demand for index data and news from this market exists among institutional investors, for example pension funds and insurance companies,” Mr Andersen said.
“Of course, we in Denmark are not in the same league with the Swedish market, since our regulation comes almost 10 years later. Nevertheless with the new regulations, the Danish market is bound to grow rapidly,” he said.
ERCM grows assets
Estlander & Rönnlund (ERCM), the Finnish hedge fund company, has increased its assets by more than 40 per cent in the last twelve months. The company now manages over US$300m for the first time since its establishment in 1991. “In addition to the combination of trading with futures and options, our advanced IT platform has had a positive affect on our returns," said Kaj§ Rönnlund, founding partner and chairman of the company.
