- Advertisement -
- Advertisement -

Brummer Crumbles Under October Market Rout

- Advertisement -

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

Estlander Awaiting the Black Swan

Stockholm (HedgeNordic) – Finnish systematic asset manager Estlander & Partners has been in the business of providing so-called “crisis alpha” for decades through one...

Niche Opportunities in Private Credit Amid Record Dry Powder Levels

Stockholm (HedgeNordic) – The evolution of private credit as an asset class has been remarkable, attracting increasing allocations from investors. Assets under management by...

Tidan Readies Systematic Macro Launch with Linus Nilsson

Stockholm (HedgeNordic) – Stockholm-based fund boutique Tidan Capital is broadening its suite of strategies with the upcoming launch of its systematic macro initiative in...

Chelonia to Embrace Long-Biased Strategy

Stockholm (HedgeNordic) – Despite securing a spot among the top 15 best-performing Nordic hedge funds this year as a market-neutral fund, Chelonia Market Neutral...

Nykredit Hedge Funds Battle to Reverse Downtrend in Assets

Stockholm (HedgeNordic) – Despite showing improved performance, the fixed-income hedge fund trio at Nykredit Asset Management is struggling to reverse a downward trend in...

“Boring” Short Sellers Partner with Sector for Fund Launch

Stockholm (HedgeNordic) – Renowned short seller Andrew Left has been quoted as saying that short sellers are becoming “a dying breed.” Despite the departure...

Allocator Interviews

Latest Articles

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -