- Advertisement -
- Advertisement -

Related

Brummer set to end losing streak in June

Powering Hedge Funds

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

A Photo Finish at the Top of Nordic Hedge Funds

The race for the title of best-performing Nordic hedge fund in 2025 went down to the wire, culminating in one of the closest finishes...

Nordic CTAs Rebound in December, End Year in the Red

The CTA sub-index within the Nordic Hedge Index staged a meaningful recovery in the second half of 2025, rising 4.1 percent, including a 1.1...

Cleaves Shipping Moves Home to Norway After Standout 2025

After a strong year for Cleaves Shipping Fund, which is on track to finish among the ten best-performing Nordic hedge funds of 2025, the...

The Year of Industrial Investments

By Kari Vatanen, Head of Asset Allocation and Alternatives at Elo: In 2026, the global economy will continue to grow in an environment overshadowed...

Turning Distressed Loans Into Returns

While most credit investors aim to avoid defaults, Swedish investors Gustav Hultgren and Tobias Thunander have built a career on the opposite: buying non-performing...

Borea to Gain Banking Footprint in Northwest Norway

Norwegian fund boutique Borea Asset Management is set to welcome a new owner and strategic partner in Sparebanken Møre, the largest bank in the...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.