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Team Reinforcement at BMS with Two Partners

Report: Systematic Strategies

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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.

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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

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