Norwegian FX trader shuts down business after 12 years
Conscendo Asset Management closes for business due to low exchange rates for the Norwegian currency in recent years.
Norwegian FX trading company Conscendo Asset Management has decided to close down after investors have continued to pull out deposits.
According to Norwegian business daily Dagens Næringsliv, Conscendo managed assets totaling EUR 34m back in 2012. In 2017, AUM was down to EUR 6.6m and last year, everything was gone.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Tumbling global yields send one Japan fund deep into Norway
For subscribers
