Hedge fund manager sees his fund as a "luxury product"
Mikael Petersson manages Swedish hedge fund Coeli Absolute European Equity with EUR 56.6m under management. "I don't have a problem charging for the excess return that I deliver. I think it is absolutely fair," says Petersson when confronted with the asset management industry's criticism of high fees.
BY HELLA ANDERSEN
After 24 years in the Swedish finance industry, Mikael Petersson launched his own hedge fund called Coeli Absolute European Equity 18 months ago.
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