COPENHAGEN, Denmark (HedgeWorld.com)--The Nordic Hedge Fund Index has added six funds of funds managed by Nykredit, a Danish financial services provider, according to an article published on the Nordic News web site.
The new index components, all launched in April 2005, are: Nykredit Alpha Diversified, Nykredit Alpha Equity Long/Short, Nykredit Alpha Equity Relative Value, Nykredit Alpha Fixed Income Directional, Nykredit Alpha Fixed Income Relative Value and Nykredit Alpha Trading.
Since inception, the best performing among these are the long/short equity fund, which has returned 17.14%, and the Trading fund with a return of 16.58%. Nordic News reports that all six funds have "experienced good performance runs". However, no data were supplied on the funds' volatility, or on the assets under management in each.
Denmark's onshore hedge funds are constructed as restricted investment associations, are accessible exclusively to institutional and professional investors, and have a limit of 10 investors per association.
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