Smedvig Capital backs new Nordic he dge fund

FGS Capital, the recently launched Nordic-based hedge fund, has attracted backing from Norwegian Venture Capital firm Smedvig Capital, the latter taking an interest in he firm. In a related move, Smedvig is launching a European quantitative market and sector neutral hedge fund to which FSG is acting as investment advisors. Smedvig has not yet begun raisin funds although it is expecting commitments of around EUR 26.5m from an unnamed large institution and another EUR 20m from other sources. The fund will have a target of approximately EUR 500m.

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