Wednesday, July 4, 2007

Aasgard's Mikkelson Beats Europe Hedge Funds With Danish Mortgage Bonds

(Bloomberg) -- Kim Mikkelsen outperformed his
European hedge-fund peers by investing in bonds backed by summer
homes in Hornbaek and waterfront apartments in Copenhagen.

Mikkelsen, 38, put about half of his Aaasgard Fixed-Income
Fund's $150 million of assets into Denmark's mortgage-bond
market, the world's largest per capita. The fund returned 31
percent for the year ended June 29, according to data compiled by
Bloomberg, and is No. 1 in HedgeFund Intelligence's ranking of
fixed-income hedge funds in Europe.


Read more at Bloomberg Bonds News

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