AMWatch

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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch