Speaking to the Institutional Investor news service ahead of the introduction on July 1 of new regulations allowing onshore hedge fund investment in Denmark, investment professionals predicted that there will be an explosion in Nordic hedge fund offerings over the coming years.
It was announced last month that both Norway and Denmark are putting in place new regulatory frameworks for hedge funds in order to attract increased investment in this area.
Neighbouring Finland and Sweden have had such rules in place since the late 1990s, and have reaped the benefits in recent years.
Under the new Danish rules, hedge funds will be permitted to organise themselves as associations, and will not need to limit their investment policies or risk profiles.
Martin Lykke, head of Danish financial research firm, Netposten revealed that the firm's HedgeNordic subsidiary has launched a Nordic-focused non-investable hedge fund index, designed to help institutional investors keep track of the growing number of Nordic hedge fund managers.
He suggested that:
"I think there will be a strong demand for hedge funds in Denmark, as there has been in Sweden since they regulated eight years ago."
Mr Lykke went on to predict that at least five or six Danish hedge funds will be launched following the introduction of the new rules.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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