Pecunia

Pecunia is out in the news again.

After the planned retirement of Peter Edwall, Ragnhild Wilborg now
appears to be in full ownership of the fund. Peter Edwall, seems to
have traded himself out the fund, leaving the fund with only
regulatory capital.

The new manager of the fund, seeking free marketing in some of
Sweden's major newspapers on such diverse subjects as the policy of
the Swedish Riksbank. Well, if she cannot perform, Pecunia lost 13.7%
in 2006, she might as well continue the myth building process.

Swedish funds closing

A number of hedge funds in the Nordic area have recently closed. Among
them are Brummer's Zenith fund, Radar, the award winning LS fund as
well as Eikos.

It is good that the funds are closing, as some of the strategies and
markets that the mangers trade do indeed have limited capacity. The
closing of the funds enables the managers to fully focus on the
management of the assets rather than the raising of the assets.