- 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

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 -