After a solid start to 2026, following three consecutive years of strong performance, March proved to be a sharp setback for Nordic hedge funds. The downturn was driven in large part by the outbreak of conflict in the Middle East that effectively shut down the critical Strait of Hormuz, one of the world’s most important oil transit chokepoints. The industry, as measured by the Nordic Hedge Index, declined 2.6 percent during the month, making it one of the five most difficult months since 2009. ...
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