HedgeCo.Net — Swedish multi-strategy firm Tidan Capital launched a UCITS version of its NOVA volatility arbitrage strategy on the Alma Capital platform, HedgeNordic reported on September 24, 2026. Alma Capital fund materials list the Alma Tidan Nova Volatility Arbitrage Fund launch date as July 31, 2026, with Tidan Capital as investment manager and Magnus Linder and Dennis Karlsson as fund managers.
HedgeNordic said the UCITS vehicle had attracted more than $100 million from seed investors, while the overall NOVA strategy managed about $360 million as of end-August. NOVA is described as a market-neutral volatility and options arbitrage approach seeking structural dislocations created by institutional demand for downside protection.
The UCITS wrapper broadens access for European institutional and wealth channels that prefer regulated UCITS packaging over offshore hedge-fund structures, without changing the described market-neutral vol-arb mandate.
For hedge-fund allocators tracking European volatility strategies, the hard marks are the July 31, 2026 UCITS launch date, more than $100 million seed capital into the UCITS vehicle, about $360 million AUM across the overall NOVA strategy as of end-August, and managers Magnus Linder and Dennis Karlsson. Do not invent return streams or Sharpe figures beyond published descriptions.