Danish hedge fund calls it a day after 17 years in operation

After the closure of his hedge fund fund, David Rindegren will continue to work at C Worldwide Asset Management in a new role, leading and coordinating a new team of analysts.

David Rindegren, portfolio manager at C Worldwide Asset Management. | Photo: C Worldwide PR.

The longest-running Danish hedge fund has shut down after more than 17 years of operations. C Worldwide Long/Short Fund of C Worldwide Asset Management, most recently managed by David Rindegren, was wound down last month, writes Hedgenordic.

"The prolonged time period of central bank suppressed volatility has made investors not wanting to invest in products that provide returns at a lower volatility level and downside protection. (...) If stock markets only can go up, then paying an extra fee for downside protection does not make sense," Rindegren writes in a monthly letter to investors.

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