Öresund launches an activist fund
Investment AB Öresund ("Öresund"), a Swedish publicly listed investment company managing approximately 1Bn, has decided to launch an activist fund to take advantage of investment opportunities in listed Nordic companies, where opportunities exists to create shareholder value through operational, structural and/or financial change initiatives. The fund's goal is to be an active owner of 6 - 10 companies, each with a market capitalization of over 1Bn. In the first stage, the fund seeks capital of 500M - 1Bn from institutional investors in the Nordic region, Europe and the US.