Healthinvest

After a dashing run in the three first months for the recently launched Swedish Long/Short equity fund, Health Invest, the fund has encountered difficult market circumstances and is currently down 30.8% since inception after getting battered up in the equity markets. The fund re-opened in August 2007 after seeing assets falling below 1200 Mio Sek and will remain upon until they reach 1400 Mio Sek. A fair guess that it would take some time to do so, given the recent track-record. Perhaps running an asset management business outside their former employers was more difficult than previously anticipated.