Commenting on the decision, Viggers tells HedgeNordic that “we have seen an acceleration of capital inflows, and it is important for us to grow at a pace that matches our niche focus on the investment side.” The fund uses an opportunistic investing approach that focuses on special situations, with its flagship strategy involving the participation in rights issues and other related deals. The special situations-focused fund has grown to manage DKK 195 million (roughly €26 million) at the end of March from DKK 11.6 million at its inception in December 2015.įormue Nord Markedsneutral, managed by a three-member team comprised of CIO Rasmus Viggers ( pictured right), CEO Thøger Dam Johansen ( pictured left) and analyst Mikkel Hagel, is pausing new subscriptions starting from May but may open for subscriptions again in the future. Stockholm (HedgeNordic) – Formue Nord Markedsneutral, a Danish market-neutral fund focusing on special situations, has announced it will be closing its doors to new investors at the end of April following strong performance and accelerated investor capital inflows.
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