Fund Management

Alternatives fund manager to close down after police report and million-dollar losses

Much-maligned fund manager The Many has thrown in the towel and asked the Danish FSA to revoke its license. ”The Many, as you know it, is shutting down,” its CEO says.
"We have taken stock of the situation and decided that this is not a business area that we will focus on,” Frederik Gundorph Olesen, CEO of The Many and Selected Group. | Photo: PR
"We have taken stock of the situation and decided that this is not a business area that we will focus on,” Frederik Gundorph Olesen, CEO of The Many and Selected Group. | Photo: PR
by PETER S. MYGIND

A long and unsightly journey has reached its final destination: The Many is closing down as a provider and manager of investment funds within real estate and green energy.

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