- Advertisement -

Related

No relief for Brummer in March

- Advertisement -

Stockholm (HedgeNordic) – Brummer & Partners saw its Brummer Multi-Strategy (BMS) fund posting another month of losses in March being down 0.5 percent following negative numbers in January and February. Year-to-date the fund is down 3 percent according to estimates on the Brummer website. March returns was particularly dissappointing given that leading global industry benchmarks such as the Barclay Hedge Fund Index and the HFRX Global Hedge Fund Index bounced back gaining 2.3 percent and 1.2 percent respectively.

Among the underlying Brummer funds, the quant strategies Florin Court (-2.3%) and Lynx (-1.0%) were both in negative territory by the end of the month, albeit positive on the year. Nektar also had a negative month posting a loss of 0.9%.

On the positive side, MNJ (+1,7%), Observatory (+1.1%) and Carve (+1.0%) gained with Observatory being the only manager among these names to be positive year-to-date. As previously reported, Brummer is closing the MNJ fund (see separate story).

Among other Brummer funds, there were only minor changes during the month.

Since its inception in 2002, the Brummer Multi-Strategy has generated average annualised returns of 6.9% to a standard deviation of 4.3% translating into a Sharpe ratio of 1.19 according to the February factsheet. The BMS is yet to report a full negative year.

Picture (c): MR.LIGHTMAN1975 – shutterstock.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

Alcur Elevates Flöstrand to CIO One Year After Joining

Stock-picking boutique Alcur Fonder has appointed Per Flöstrand as Chief Investment Officer, with the portfolio manager taking over the role from co-founder and long-time...

Month in Review – March 2026

After a solid start to 2026, following three consecutive years of strong performance, March proved to be a sharp setback for Nordic hedge funds....

Archipelago Adds Firepower After Back-to-Back Strong Years

Archipelago Investments is strengthening its investment team with the appointment of Anders Fagerlund as Senior Analyst and Head of Research. Bringing 15 years of...

From Zero Rates to Volatility: Excalibur at 25

Around the same time last year, Lynx Asset Management marked the 25-year anniversary of its flagship strategy. This April, it is Excalibur Asset Management’s...

Two Allocators, One View: Liquidity, Cost and Control Behind CTA ETF Adoption

On the surface, Morten Christensen, Chief Financial Officer at Norwegian family office Aars, and Jonas Thulin, Chief Investment Officer at Sweden’s AP3, may appear...

Maybe CTA Alpha is Simpler Than You Think: Evidence from the ETF Space

By Andrew Beer, Co-Founder of DBi: Managers of CTA hedge funds and mutual funds often argue that complexity leads to higher alpha generation. After all, why...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -