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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Sweden Hedge Fund to Shut Down

Oct 08, 2013
Jing Chen

Hedge fund firm Density is planning to shut down after a period of poor performance.

Reuters reported that Sweden-based Density lost 14.9% in the first nine months of this year. Density co-manager Jonas Vikstrom admitted to the news outlet that “performance has been quite bad, and has not been what [the firm] hoped for.”

The article added that Density is among a slew of computer-driven hedge funds, including Man Group’s AHL, that have suffered losses as the actions of the central bank disrupted the firms’ long-running market trends.

Originally a unit of Brummer & Partners, Sweden’s largest hedge fund, Density launched out on its own in 2008. It managed about $54 million in assets at its peak.

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