- 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

Rethinking the 60/40 Portfolio

The 60/40 portfolio remains one of investing’s most recognizable conventions, even where few institutional portfolios literally consist of 60 percent equities and 40 percent...

Diversification That Comes From Somewhere Else

Insurance-linked investments offer something increasingly difficult to find in institutional portfolios: return drivers that are fundamentally different from those behind equities and bonds. At...

Reinforce, Don’t Replace: Carrying the 60/40 Through the Fragile Decade

By Steven Braun at Newfound Research and Return Stacked® Portfolio Solutions: Despite its ambiguous origins, the 60/40 remains the default portfolio for investors approaching...

Varma: Practical Considerations for Embracing a Total Portfolio View

Finland’s Varma is one of several large Nordic asset owners that has been moving towards a more holistic view of the portfolio – some...

Thinking Outside the 60/40 Box: How Active and Dynamic Commodities Can Complement Bonds

Bonds helped investors to diversify equity between about 2000 and 2021, which more than covers the entire career of many allocators. Since 2022 bonds...

60/40 – Don’t Count On It

By Harold de Boer at Transtrend: Cows produce milk. Every day again. That’s the fixed income for the dairy farmer. Bulls don’t produce milk....

Allocator Interviews

- Advertisement -

Voices

Request for Proposal

- Advertisement -