Danske Invest is seeking to launch the first Ucits-compliant hedge fund in Denmark, HFMWeek reports. The Scandinavian fund manager will unveil one long/short equity strategy and an FX portfolio in the second quarter of 2011. The long/short equity Ucits fund will be based in Luxembourg, while the FX fund may be domiciled in Denmark. The funds will target Nordic and European investors, both institutional and high-net-worth individuals.
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