- Advertisement -
- Advertisement -

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.”

close

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

Most Popular This Week

Voices

Request for Proposal

- Advertisement -

Latest Articles

RFP: Absolute Return Multi-Strategy/Fund of Funds

(Global Fund Search) - A Danish Institutional Investor is searching for an absolute return strategy for an allocation of EUR 40 million. The mandate...

Brummer Multi-Strategy Navigates 2022’s “Perfect” Storm

Stockholm (HedgeNordic) – 2022 experienced a “perfect” inflation storm due to an unprecedented amount of monetary and fiscal policy stimulus during the pandemic, war,...

Dream Comes True for Grönblom

Stockholm (HedgeNordic) – Ernst Grönblom had been running his high-conviction strategy of cherry-picking the stock market’s undervalued future winners under the umbrella of United...

Boarding the Broader Alternatives Ship

Stockholm (HedgeNordic) – Tore Davidsen, portfolio manager of SEB Eureka Fixed Income Relative Value since its launch in 2018, will join BankInvest as Senior...

Year of Stabilization of Interest Rates

By Kari Vatanen, CIO of Veritas: The year 2022 was a year of negative surprises in the investment markets and in the global economy. Hopes...

Playing Offense in the Net-Zero Transition

Stockholm (HedgeNordic) – The world’s adoption of cleaner energy had been ongoing prior to Russia unleashing war in Ukraine. The war and its consequences...