- Advertisement -
- Advertisement -

Brummer Multi-Strategy invests in AlphaCrest Systematic Strategies

- Advertisement -

Stockholm (HedgeNordic)  – Brummer & Partners announced it is partnering with AlphaCrest Capital Management, a quantitative research and technology-driven systematic trading firm located in New York.

AlphaCrest structures and trades portfolios comprised of global equity securities across developed markets. The firm employs a model-driven systematic approach to trading that is focused around an extensive and continuous empirical research process. Over time, AlphaCrest seeks to generate favorable risk-adjusted returns with low correlation to traditional asset classes and market factors.

AlphaCrest was founded in 2013 by Mika Toikka. Prior to founding AlphaCrest, Toikka was a Managing Director and Head of the Systematic Trading Group within Credit Suisse Asset Management (“CSAM”). Before his tenure at CSAM, Toikka was a Managing Director and senior member of the management team of the Credit Suisse Proprietary Trading Group within the investment banking division. Prior to Credit Suisse, he was employed at Goldman Sachs & Co. and Salomon Brothers. Other members of AlphaCrest include former heads of proprietary trading teams, distinguished academics, researchers, technologists, and traders.

“We are pleased to welcome AlphaCrest to the Brummer group as they have a unique and high-quality alpha strategy, which will diversify and add value to the BMS portfolio,” says Mikael Spångberg (pictured left), Portfolio Manager and Managing Director of Brummer Multi-Strategy.

“We are excited about AlphaCrest and where they stand today, but also for what they can become and deliver to our investors going forward. As always when we bring new funds on board, we do it with a long-term perspective.” Ola Paulsson (pictured right), CEO of Brummer & Partners adds.

Mika Toikka is very much looking forward to being a part of the Brummer group. “The long-term perspective of Brummer & Partners has been clear in our discussions over the last couple of months and is precisely what I envisioned for AlphaCrest in a strategic relationship. This, together with Brummer’s global network and infrastructure, as well as the flexibility they offer, made it a perfect match for us”, stated Mika Toikka, Managing Principal and CIO of AlphaCrest.

It is anticipated that Brummer Multi-Strategy Master will gradually allocate capital to the AlphaCrest Strategies Offshore Fund Ltd. commencing in September 2018.


Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Kamran Ghalitschi
Kamran Ghalitschi
Kamran has been working in the financial industry since 1994 and has specialized on client relations and marketing. Having worked with retail clients in asset management and brokerage the first ten years of his career for major European banks, he joined a CTA / Managed Futures fund with 1,5 Billion USD under management where he was responsible for sales, client relations and operations in the BeNeLux and Nordic countries. Kamran joined a multi-family office managing their own fund of hedgefunds with 400 million USD AuM in 2009. Kamran has worked and lived in Vienna, Frankfurt, Amsterdam and Stockholm. Born in 1974, Kamran today again lives in Vienna, Austria.

Latest Articles

January: Mirror Image of 2022 for Nordic CTAs

Stockholm (HedgeNordic) – The average return of the eight “CTA” constituents of the Nordic Hedge Index that had positive performance in 2022 was 14.4...

Did Energy Prices Cause This Inflation Surge?

Copenhagen – (Jesper Rangvid): You often hear that soaring energy prices, caused by supply-chain disruptions resulting from the pandemic and the war in Ukraine,...

UB Launches Forest-Focused PE Fund

Stockholm (HedgeNordic) – United Bankers is launching a private equity fund investing in forest and bio-based industries. The fund, named UB Forest Industry Green...

Origo’s First Ten Years on (a) Quest

Stockholm (HedgeNordic) – Long/short equity fund Origo Quest is celebrating ten years of bargain hunting in the universe of Nordic small-cap stocks. After a...

The Cycle is Back and so is Active Investing

Stockholm (HedgeNordic) – The relationship between equities and bonds has traditionally been inverse, making bonds a leading choice as a diversifier to an equities...

Alcur’s Third Win in a Row

Stockholm (HedgeNordic) – Alcur Fonder’s first hedge fund, Alcur, has been named “Hedge Fund of the Year” by Swedish business magazine Privata Affärer for...


Most Popular This Week


Request for Proposal

- Advertisement -