On January 18, 2012 we launch DNB Norway Absolute Return, a market neutral long/short fund within the UCITS framework.
The fund aims to achieve a positive absolute return over the long-term regardless of market conditions by taking long and short positions in equities listed on the Oslo Stock Exchange. DNB Norway Absolute Return will be managed by a well-resourced team with long and solid experience in the Norwegian equity market.
Portfolio manager is Eirik Hauge. He will lead a team of four people with allocated sector responsibility.
DNB Norway AR will be the third fund in our family of long/short UCITS fund. The two existing ones, DNB ECO (LU0547714286) and DNB TMT (LU0547714526) posted best of peers performance in 2011.