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!

2009-03-21

Swedish Madoff Exposures

Seems like things are moving in the Swedish fund-of-funds sector where several funds have been caught in the Madoff debacle. Although disclosing rather late, it seems as if Indecaps "Guide 2" fund had a 7% allocation to the fraudulent manager. In total the exposure was rather modest with 20-30 mn USD in exposure. The exposure is claimed to have been through a fund called "Defender Limited", question is who it defended.

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