May 2, 2019 / 3:03 PM / 4 months ago

Swedish hedge fund Nektar to close after top investor redeems

LONDON, May 2 (Reuters) - Swedish hedge fund Nektar Asset Management said on Thursday it would close after top investor Brummer & Partners notified of plans to redeem its entire investment.

Brummer said in a separate statement that it would complete the process by the end of May. A spokeswoman for Brummer said the investment accounted for two-thirds of Nektar’s total assets of around 10 billion Swedish crowns ($1.1 billion). (Reporting by Simon Jessop; editing by Huw Jones)

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