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Nordea Take Advantage of Luxembourg Hedge Fund Regime

Stephen Harris

4 April 2005

Norwegian bank, Nordea has launched its first group of onshore hedge funds. The Arbitrage Fund, Managed Derivatives Fund and European Equity Hedge Fund all under the Nordea Alternative Investment SICAV umbrella and are being run from Nordea’s Luxembourg offices. With a minimum investment of €15,000, the initial management fee of five per cent is waived if investors sign up by April 28.