In a letter to unitholders, Swedish investment house Rhenman & Partners took the decision to liquidate the Rhenman Global Opportunities L/S fund on 30 November following a review by the management board.

The fund was launched as a Luxembourg-domiciled vehicle in 2016 and had been managed by Staffan Knafve. According to Morningstar, the fund peaked at around EUR 10m in assets in January 2018 and has steadily declined to be around EUR 5.9m as of the end of October 2020.

Rhenman says its management rules and prospectus meant that it now had to close the fund, as the total assets were not at a workable level. The liquidation costs for the fund were borne by Rhenman & Partners. According to Citywire Selector, it's understood that Knafve will remain at Rheman & Partners in a senior adviser capacity following the closure of the fund.

English Edit: Nielsine Nielsen