- Advertisement -
- Advertisement -

Related

Bodenholm Liquidated, Team to Take “Clean Break”

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Stockholm-based hedge fund manager Bodenholm Capital has decided to return capital to its investors and liquidate its funds. The Bodenholm team “will take a clean break from the industry for the foreseeable future,” according to a letter to investors by Bodenholm. Brummer & Partners, in turn, announced that Brummer Multi-Strategy would redeem its entire investment in Bodenholm by April 15.

“Looking back over the last five years, we are tremendously thankful that Brummer & Partners believed in us and gave the initial seeding and hosted us within their premises,” writes a letter penned by CIO Per Johansson (pictured), CEO Erik Orving and the Bodenholm team. “They backed, what was then, a very young team and we will always be grateful for their support.” Founded by Johansson, Bodenholm is a Europe-focused fundamental equity long/short fund with a global mandate. Brummer Multi-Strategy (BMS) has been invested in Bodenholm since its launch in September 2015.

Bodenholm delivered an annualized return of 4.4 percent since inception through the end of February 2020. “We are pleased (but as Buffett says; never satisfied) with performance over the years and we are very happy to have been recognized both in 2018 and 2019 as the winner of several European hedge fund awards,” the letter writes. “We are also pleased that we are liquidating the funds at peak performance relative to the markets since we started.”

“We have had discussions with Bodenholm regarding the fund’s investment and risk management for some time, and the CIO and parts of the investment team have announced their intention to resign from Bodenholm,” comments Mikael Spångberg, CEO and portfolio manager of BMS, on the decision to redeem capital from Bodenholm. “We will redeem BMS’s entire investment in Bodenholm One on April 15, 2020.” Following the redemption in Bodenholm, BMS will be invested in nine funds.

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

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Avanto Right Tail Crosses 100% Since Inception

Lars Mikelsen, portfolio manager of Avanto Right Tail, runs a strategy designed to capture extreme upside events through concentrated bets on themes such as...

Nordic Hedge Funds Extend Solid Run Through Summer

Nordic hedge funds continued their strong run since May, closing out the summer on a positive note with an average gain of 0.5 percent...

Pasi Havia Bids Farewell to HCP, Quant Strategy Carries On

After more than a decade at Helsinki Capital Partners (HCP), portfolio manager Pasi Havia has stepped down from his role, leaving behind the management...

Fresh Talent, New Funds: ALCUR Expands Reach in Retail Segment

After a wave of portfolio manager hires earlier this year, stock-picking fund boutique ALCUR Fonder is preparing to launch several new funds aimed at...

Quirky Questions for Kathryn Kaminski (AlphaSimplex)

Not every hedge fund conversation needs to revolve around performance charts or trade execution. In HedgeNordic’s Quirky Questions series, we look beyond the strategies to the...

Active Decisions in Passive Wrappers: Othania on ETF Innovation

Founded in early 2016 by brothers Vincent Dilling-Larsen and Christian Mørup-Larsen, Danish fund boutique Othania built its foundation on a proprietary risk model, “Tiger,”...

Allocator Interviews

In-Depth: High Yield

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.