- Advertisement -
- Advertisement -

Related

No relief for Brummer in March

Report: Alternative Fixed Income

- 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

Origo Fonder Lands Mandate from NBIM

Norges Bank Investment Management (NBIM), which manages Norway’s sovereign wealth fund, has awarded a mandate to Swedish stock-picking boutique Origo Fonder through a separately...

Beyond the Benchmark: Aktia’s Active Approach to EM Local Currency Debt

Passive strategies have reached nearly every segment of financial markets, including the more remote corners of emerging market (EM) local currency debt. While passive...

Standout Month for Symmetry: A Sign of Things to Come?

February of this year marked one of the best months in the nearly 12-year history of stock-picking hedge fund Symmetry Invest with an advance...

CTAs Struggle Amid Reversals, Non-Trend Strategies Hold Up

In February 2025, the NHX CTA index was down due to losses in soft commodities, energies, and bonds as markets reversed forcefully on gloomy...

Tidan Capital Launches Portable Alpha Product

Late last year, Tidan Capital introduced Nova, a market-neutral options and volatility arbitrage strategy designed to exploit anomalies in equity options markets. These inefficiencies...

NBIM Signals Interest in Long/Short Equity

Investor interest in long/short equity strategies appears to be making a comeback as market volatility and stock dispersion – driven in part by higher...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -