- 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

The Dollar, Equity Flows and the Hidden Risks in Institutional Portfolios

By Bul Ekici: AI has turned U.S. equities into a magnet for foreign capital. Once hedge ratios are taken into account, this channel matters...

Asset Adviser Appoints Frank Sørensen as Senior Strategist

Danish boutique asset manager Asset Adviser has appointed Frank Sørensen as Senior Strategist, less than a year after Stonehenge Fondsmæglerselskab, the Danish asset manager...

Elo’s Hedge Funds Stand Out in Strong First Half

Finland’s pension investors are entering a new phase as regulatory changes allow them to increase their equity exposure and raise long-term return expectations. For...

Agmentum Maritime Adds to Portfolio Management Team

Agmentum Capital, the asset manager behind the shipping-focused equity long/short hedge fund Agmentum Maritime, has strengthened its portfolio management team with the appointment of...

Coeli Winds Down Energy Opportunities as Etzler and Kalvoy Move on to New Opportunity

After more than seven years at Coeli, energy-focused portfolio managers Joel Etzler and Vidar Kalvoy are leaving the Stockholm-based boutique for what they describe...

Danske Strengthens Quant & Overlay Team with Goldman Sachs Hire

Danske Bank Asset Management has strengthened its Quant & Overlay team with the appointment of Jonas Bovbjerg as portfolio manager, following an 11-year career...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -