- Advertisement -
- Advertisement -

Related

Team Reinforcement at BMS with Two Partners

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Brummer & Partners has welcomed two new partners, Wilhelm Kleman and Adrian Brummer, to reinforce the team steering its multi-manager vehicle, Brummer Multi-Strategy. The pair will officially join the firm in early December.

Wilhelm Kleman, most recently a Senior Advisor within the senior executives team at SEB Investment Management, brings with him eight years of experience from multi-strategy firm Citadel. During his tenure at Citadel, Kleman served as a portfolio manager focusing on long/short equities with a focus on the financial sector. In his new role at Brummer & Partners, Kleman will focus on identifying fresh talent for Brummer Multi-Strategy and overseeing existing long/short equity teams.

Meanwhile, Adrian Brummer has a background as an analyst and portfolio manager of hedge fund Alcur, where he also served as a board member and partner at the fund company Alcur Fonder. Following five and a half years at Alcur Fonder, Brummer has focused his efforts on independent investment initiatives since 2015. At Brummer & Partners, he will focus on the long/short equity allocation of Brummer Multi-Strategy (BMS) and support the allocation of risk in the multi-manager, multi-strategy vehicle across different strategies.

“Our quantitative edge is robust, and now BMS, along with the partnership, is set for a substantial leap in qualitative analysis and management.”

“We have relentlessly refined our model to thrive amidst ever-evolving market conditions,” comments Patrik Brummer, the founder of Brummer & Partners and the responsible portfolio manager of BMS. “Our quantitative edge is robust, and now BMS, along with the partnership, is set for a substantial leap in qualitative analysis and management,” he comments on the new appointments.

As a seeder of single-strategy hedge funds, Brummer & Partners aims to provide investors access to an actively balanced multi-strategy portfolio of hedge funds strategies through Brummer Multi-Strategy (BMS). Long/short equity strategies represent a core component in the portfolio of BMS, accounting for about 60 percent of the entire portfolio as of the end of October. Systematic trend-following strategies account for approximately 30, with the remaining allocation directed towards systematic macro strategies. Brummer Multi-Strategy, which oversees SEK 36.5 billion in assets under management, edged up an estimated 0.7 percent in the first ten months of 2023 after gaining 7.1 percent in the difficult market conditions of 2022.

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

Infrastructure’s Role in Europe’s Transformation

As Europe accelerates its transition toward a greener and more digital future, infrastructure investment has become a cornerstone of this transformation. However, a funding...

Capital Four Reaches Hard Cap for Fifth Private Debt Vintage

Copenhagen-based credit specialist Capital Four has reached the hard cap of €3 billion for its fifth private debt vintage, Private Debt V – Senior....

Othania Introduces UCITS Version of All-Weather Strategy

Danish boutique asset manager Othania has assumed management of the UCITS-structured fund ØU Invest Balance KL, which will be rebranded as Othania Stabil UCITS...

Hilbert Expands Asset Management Arm

Hilbert Group, which operates an asset management business specializing in hedge funds focused on digital assets, has completed the acquisition and integration of digital...

Elementa Reaches All-Time High on 10th Anniversary

Elementa, the long/short equity fund managed by Marcus Wahlberg, was named “Rookie of the Year” at the 2015 Nordic Hedge Award, recognizing it as...

Private Markets and Equity Exposure Top Priorities for Nordic Investors

Nuveen has published the results of its annual Global Institutional Investor Survey, revealing that 58 percent of the 40 surveyed Nordic investors plan to...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -