Nektar announces closure of Sweden's pioneering hedge fund
Following particularly difficult preceding years and the withdraw of its main investor, Brummer & Partners, Nektar Asset Management has decided to close Nektar, the oldest hedge fund in Sweden.
BY REETA PAAKKINEN
Sweden's Nektar Asset Management has decided to liquidate its Nektar hedge fund. The firm announced its decision last Friday after its biggest investor Brummer & Partners said it planned to withdraw its engagement after a disappointing performance in recent years.
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