- Advertisement -
- Advertisement -

Related

Brummer Crumbles Under October Market Rout

Latest Report

This year’s Alternative Fixed Income report from HedgeNordic explores how institutional investors and asset managers are navigating this new reality, balancing yield and resilience amid shifting credit cycles, structural change, and evolving sources of return.

Stockholm (Hedgenordic) – The Brummer & Partners family of funds, Brummer Multi-Strategy (BMS), has not managed to offer equity investors protection during the market rout that prevailed during the first half of  October. According to estimates on the Brummer website, the BMS lost 1,9 percent on the month as per October 15, bringing year-to-date performance to +1,4 percent.

Among the underlying funds that weighed on performance were systematic trend following managers Lynx and Florin Court with losses of 7.0 and 3.3 percent respectively. Also the long/short equity strategies from Bodenholm (-4.1%) and Manticore (-3.1%) recorded losses. The recently added Alphacrest was down 1 percent.

Among positive contributions were Black-and-White (+1.9%), Nektar (+1.3%), Observatory (+0.5%) and Arete (+0.4%).

The best performing Brummer funds on the year are Black-and-White (+11.7%), Manticore (+7.7%), and Bodenholm (+7.2%). On the negative side Lynx stands out with an estimated year-to-date loss of 7.6 percent.

Since inception of the BMS in 2002, the fund has only had one losing year (2016), an average return per year of 6.5 percent and a Sharpe ratio of around 1.2 (as per end of September).

Picture (c): Rawpixel.com-shutterstock

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

Our newsletter is sent once a week, every Friday.

HedgeNordic Editorial Team
HedgeNordic Editorial Team
This article was written, or published, by the HedgeNordic editorial team.

Latest Articles

A Story of Data in the Age of Data Deluge

Transtrend started as a research project in 1989. We had bought data and computers, hoping something could be done with that. So, that’s what...

Proxy P’s Bet on Traditional Utilities Amid AI-Driven Power Surge

Since its launch in late 2018, fund boutique Proxy P Management has managed a directional long/short equity fund focused on renewable energy and energy...

November Halts Nordic Hedge Fund Momentum

After six consecutive months of gains, the Nordic hedge fund industry recorded a slight dip in November, edging down 0.3 percent on average. With...

Trade-off Between Illiquidity and Rebalancing Premium

In the search for diversification and higher returns, institutional investors worldwide have steadily increased their exposure to illiquid asset classes such as private equity,...

Diversification in the Era of Monetary Reset

Diversification has long been a cornerstone of investing, designed to balance risk across different markets and asset classes. But with fiat currencies under persistent...

Three Years In, Norselab’s Flagship Fund Reaches More Radars

After years of co-managing Alfred Berg’s high-performing high yield fund, Tom Hestnes has spent the past three years proving his strategy in an alternative...

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.