Stockholm (HedgeNordic) – Joakim Schaaf, Chief Compliance Officer at Brummer & Partners for more than 13 years, has now become a partner in the Swedish hedge fund group. “Brummer & Partners strengthens its partnership with the addition of Joakim Schaaf as partner,” says an announcement.

Schaaf joined Brummer & Partners as Head of Legal and Compliance in mid-2009 from Finansinspektionen, Sweden’s financial supervisory authority. At Brummer & Partners, he has been working with regulatory compliance and has been focused on organizing the hedge fund group’s operations in alignment with Swedish and international regulations.

“It is, and always has been, of the utmost importance for us to both comply with regulations and to understand how changes in them affect our business. I am therefore happy to welcome Joakim as partner.”

“Our goal is to generate competitive risk-adjusted returns regardless of the market environment and we do so in a world with extensive and complex regulations,” comments Patrik Brummer, founder and chairman of Brummer & Partners since the company’s inception in 1995. “It is, and always has been, of the utmost importance for us to both comply with regulations and to understand how changes in them affect our business. I am therefore happy to welcome Joakim as partner.”

As a seeder of single-strategy hedge funds, Brummer & Partners seeks to offer investors access to an active well-balanced multi-strategy portfolio of hedge funds strategies through Brummer Multi-Strategy (BMS). Brummer Multi-Strategy, which oversees SEK 32.6 billion in assets under management as of the end of July, has advanced 6.1 percent year-to-date through September 6 in what was a difficult market environment for most investors and fund managers.

Photo by photographer Michael Hoffman.