- Advertisement -

Related

Brummer set to end losing streak in June

- Advertisement -

Stockholm (HedgeNordic) – Brummer & Partners, the Swedish hedge fund giant with total assets under management of SEK 127 billion, has had a difficult start to 2016 with its multi-strategy fund, BMS, posting losses of 3.8 per cent on the year as of May 31.

Following five consecutive months of losses in 2016, the BMS fund is currently experiencing its deepest and longest running drawdown since its inception in April 2002 with accumulated losses mounting to 6.1 per cent since the peak in March of 2015, data from Brummer and Partners and HedgeNordic reveals.

Mid-month estimates for June however suggests that the BMS fund is set to end its losing streak. Powered by a strong month from trend following CTA Lynx (+5.3% as per June 15) and tech-focused equity hedge fund Manticore (+4.3% as per June 15), the BMS reportedly shows a net gain of 1.5 per cent on the month, bringing year-to-date numbers to -2.3%.

In a comment to Brummer’s recent performance, CEO Klaus Jäntti (pictured) says in a recently published video on the hedge fund manager’s website:

“In general one can say that this ever desperate increase in QE (quantitative easing) has further distorted the value of most assets from their fundamentals. This provides for a difficult environment where applying logic and reason, which our managers do, becomes very difficult. The start of this year has proven particularly difficult for hedge funds overall.”

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

Nordic Hedge Funds End Summer on a Strong Note

After a brief dip in July, Nordic hedge funds ended the summer on a strong note, gaining an average of 1.5 percent in August....

Colosseum Turns Corner as Douglas Swedberg Joins as Portfolio Manager

After two difficult months in April and May, hedge fund Colosseum Global Alpha has regained momentum over the summer, posting three consecutive positive months....

BMS Adds New Teams and Continues Development of Two Centre Books

Brummer Multi-Strategy (BMS) continued to evolve its portfolio during the first half of the year, adding three specialist teams, parting ways with a U.S.-focused...

Nordic CTAs Bounce Back as Trends Strengthen

The NHX CTA Index rebounded strongly in August, supported primarily by gains in currencies and equity markets. Most managers and sub-strategy groups finished the...

AI Isn’t the Transformation. Your Hedge Fund Operating Model Is.

By Ashish Shrestha, Senior Solutions Consultant at MAIA Technology: Artificial intelligence is moving quickly from experimentation towards implementation across the hedge fund industry. For...

Volt Diversified Alpha Posts Second-Best Month

Volt Diversified Alpha Fund delivered an estimated 5.8 percent gain in August, its second-best monthly performance since launching in early 2017, as its systematic...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -