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In a longer interview, Martin Källström, CEO and partner at Lynx Asset Management, reflects on the historical development and current state of the hedge fund industry. He argues that the Nordic region stands out when it comes to institutional allocations to hedge funds.
“Today, relatively few large Nordic institutional investors have meaningful exposure to hedge funds. The broader global trend towards increased allocations is not clearly visible in the Nordics. That said, there are signs of change. At the very least, the conversation is becoming more active,” he says. Looking back, Martin Källström notes that the hedge fund industry saw significant momentum in the 1990s, with firms such as Brummer launching in 1996 and Lynx following in 1999. “It was a period of rapid growth, but hedge funds are inherently challenging businesses. Unlike private equity, hedge funds must consistently deliver returns without relying
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