Nordea asset management and Stockholm- based hedge fund Madrague Capital Partners launch a new European Equity Long/Short UCITS. The fund will trade a global universe of stocks with a typical split of 50% Europe (ex-Nordics), 30% Nordic and 20% in North America. The investment process is strongly fundamentally driven, supplemented with derivatives to hedge against substantial negative trends in the equity markets.

Earlier this year, Nordea Asset Management invested 40% in Madrague Capital Partners. This is the first fund the firms have launched together.