Stockholm (HedgeNordic) – Mikael Spångberg is stepping down from his role as managing director of Brummer Multi-Strategy and is leaving Brummer & Partners for personal reasons. Deputy managing partner Markus Wiklund, formerly COO and Head of Research for Brummer Multi-Strategy, is taking over as managing director. Head of Research Kerim Celebi has been appointed as Portfolio Manager.
“There is a time for everything. I have had the best ten years of my professional life at Brummer & Partners.”
“There is a time for everything. I have had the best ten years of my professional life at Brummer & Partners; it’s provided a mixture of passion and intellectual challenges – and the chance to work with a brilliant team,” Mikael Spångberg comments on his departure. “I will devote the near future to my family and thereafter, new challenges await.”
“I will devote the near future to my family and thereafter, new challenges await.”
Mikael Spångberg joined Brummer & Partners as the COO of Nektar Asset Management in 2012 and was appointed Deputy CEO in 2013. He was appointed Managing Director and Portfolio Manager of Brummer Multi-Strategy in 2017. “Mikael Spångberg has been a much-appreciated colleague during the last four years and I would like to thank him for his significant contributions,” says Patrik Brummer.
“Mikael Spångberg has been a much-appreciated colleague during the last four years and I would like to thank him for his significant contributions.”
Markus Wiklund and Kerim Celebi will be managing Brummer Multi-Strategy alongside Patrik Brummer. The team is further strengthened with the addition of a new risk manager, Andreas Ekenbäck. Brummer Multi-Strategy is a multi-strategy fund investing in the single-strategy hedge funds under Brummer & Partners’ umbrella. The multi-strategy fund is also undergoing changes at the portfolio level.
Brummer & Partners is onboarding two fundamental market-neutral long/short equity sector specialists based out of London: Kersley Street Capital and Pantechnicon Advisors. Meanwhile, Black-and-White Capital, a Brummer & Partners-backed hedge fund firm founded and managed by Seth Wunder out of Los Angeles, California, is shutting down. Brummer Multi-Strategy will redeem its entire investment in Black-and-White’s tech-focused long/short equity strategy.