Adapto launches Nordic fund

Stockholm-based hedge fund managers Adapto Advisors are leading a rash of regionally-focused hedge funds, with an equity long/short fund focusing on the 100 most liquid stocks in the Nordic market. Jasper Almkwist, portfolio manager and founder of Adapto Advisors, said the fund, pending the regulator's approval, would mix fundamental with technical analysis to select its stocks. A typical exposure, according to the group, would be 55% to Sweden, 16.5% to both Finland and Norway and 12% to Denmark. The fund, scheduled for a first quarter launch, will measure the conviction level toward st...