Hedger - The Nordic Hedge Fund Blog

This is the blog for www.hedger.se. A site covering the development of the Nordic Hedge Fund arena. Here, AlphaSeeker will publish comments on the current events in the Nordic hedge fund arena. The active reader is encouraged to comment!

2008-02-18

The Final Margin Call?

It seems as if the SocGen driven liquidation on January 18, managed to take out the remains of what once was Kullberg & Spiik (the Explora and Edge funds was closed down by the Swedish FSA one and half year ago). It is reported that a couple of the investment clubs managed by one the managers suffered losses on that day and had to liquidate positions at a significant loss. DI reports a 50% loss. It is also reported that Mr. Spiik has gone underground and is hard to reach. The webpage seems to be mostly empty. One investor is also reported to have filed a complaint against the manager.

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