- Advertisement -
- Advertisement -

Brummer add Black-and-White Innovation Fund to BMS

- 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


Most Popular This Week


Request for Proposal

- Advertisement -

Latest Articles

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...

Resscapital’s Key Appointment in Pursuit of Awareness

Stockholm (HedgeNordic) – To capitalise on strong performance and continued asset growth in 2022, Resscapital made a key appointment to its investor sales and relations...