- Advertisement -
- Advertisement -

Related

Brummer add Black-and-White Innovation Fund to BMS

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Brummer & Partners have announced the addition of  Black-and-White Innovation Fund to its Brummer Multi-Strategy (BMS) family of funds. Investments into the new fund will start on November 1, 2016, according to a press release on the Brummer website.

The Black-and-White Innovation Fund employs a long/short equity strategy that aims to take advantage of trends in technological innovation. The fund will invest in the traditional TMT-sector as well as in other sectors that are affected by innovation and technological development, where companies either are leading change or get obsolete due to lack of innovation. The mandate is global but the fund will focus on the US market.

Black-and-White Innovation will be managed by Seth Wunder who previously was one of the porfolio managers behind the Manticore hedge fund, a fund that was managed by Contour Asset Management under the Brummer umbrella.

Wunder brings 17 years of fund management experience and will manage the fund together with an investment team consisting of Matthew Berg, most recently with York Capital, and Omnig Terzian, previously with Zweig-Dimenna Associates.

The fund is based in Los Angeles, California.

The BMS Fund will allocate around 270 MUSD to Black-and-White as per November 1, 2016 which corresponds to 5 percent of total fund assets in BMS, the press release states.

Picture: Pressmaster – 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

From Running Laps to Running Capital: Ex-Taiga Analyst at DNB

After nine years as an analyst at equity long/short hedge fund Taiga Fund, Øystein Kvaerner has joined DNB Asset Management to launch a new...

Nordic Hedge Funds Wrap Up Strong Third Quarter

Nordic hedge funds continued their strong run of performance since May, advancing an additional 1.7 percent on average in September – the industry’s second-best...

DNB’s Stable Alpha Goes DACH

DNB Asset Management has managed its in-house multi-manager, multi-strategy fund platform since early 2020. After a period of muted performance in its early years,...

Opportunities Lie Beneath Aggregate Credit Spreads

Credit spreads across the United States and Europe have tightened to historically low levels, leaving limited reward for simply holding long credit positions. This...

European Alternative Investments Conference 2025

More than 200 practitioners, academics and thought leaders met in Copenhagen for the second European Alternative Investments Conference, hosted by Finansforeningen, CFA Society Denmark...

Playing ‘Moneyball’ for Investors

Having managed the opportunistic hedge fund Pensum Global Opportunities under the Pensum Asset Management umbrella since 2022, Sector co-founder Peter Andersland has now established...

Allocator Interviews

In-Depth: High Yield

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.