Spanish Bourse Gets First Listed Hedge Fund

Jan 21 2009 | 2:53am ET

Nordkapp Inversiones has listed the first hedge fund product on Spain’s Mercado Alternativo Bursátil.

Nordinvest, Sociedad de Inversión Libre debuted on the MAB yesterday. The fund had a starting share capital of €3 million, with a maximum of €30 million. The fund, which is designed for qualified investors, has a minimum investment requirement of €50,000.

MAB began operations in May 2006.

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