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HedgeNordic comments on the handling of redemptions for SCFI

Scandinavian Credit Fund I provides senior secured loans with terms between three and 48 months to small and medium-sized companies in Scandinavia. As the direct lending fund offers monthly liquidity, there is a mismatch between the fund's liquidity terms and the liquidity of the underlying investments, as previously explained by our CIO Fredrik Sjöstrand. This misalignment was particularly noticeable during the month of March due to the rapid preference for liquidity by investors during the covid-19 panic.

Read more at https://hedgenordic.com/2020/04/fund-gated-due-to-mismatch/