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Sector Shuffle as Brummer Multi-Strategy Drops Tech Pod

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Stockholm (HedgeNordic) – In 2021, Brummer & Partners introduced a new “PM pod” structure and brought in Henrik Nyblom from Swedbank Robur to run a dedicated investment mandate exclusively for investors in Brummer Multi-Strategy (BMS). Having invested in Nyblom’s market-neutral equity strategy, specifically focused on tech sectors, since May 2022, Brummer Multi-Strategy redeemed its investment in early December. Consequently, Nyblom departed Brummer & Partners from his role as a portfolio manager.

“Of course, it happens that management teams and strategies do not contribute in a way that we hope for,” Johanna Hoffstedt, Head of Communications at Brummer & Partners, tells Swedish business magazine Dagens Industri (DI). “The overall analysis of the conditions going forward meant that the portfolio management team chose to close down the allocation to this tech mandate, which was a small part of BMS.”

“Of course, it happens that management teams and strategies do not contribute in a way that we hope for.”

Nyblom joined Brummer & Partners from Swedbank Robur, where he had served as a portfolio manager for Swedbank Robur Ny Teknik since May 2019. With 25 years of experience as an analyst and portfolio manager in the technology sector, Nyblom’s appointment was a part of Brummer & Partners’ initiative to create a “PM pod” to gain exposure to a tech-focused market-neutral equity strategy. These pods involve onboarding new managers to oversee dedicated investment mandates exclusively for Brummer Multi-Strategy without establishing a new fund management company and fund. Following Nyblom’s recruitment for the first pod, Brummer Multi-Strategy invested in a second pod in the final quarter of 2022, focusing on healthcare and led by Hans Mähler.

Brummer & Partners offers individual managers and teams a partnership that enables them to launch an investment strategy, leveraging the hedge fund house’s infrastructure and operational support. Investment teams have the flexibility to manage their strategy either as a pod within Brummer Multi-Strategy or by co-owning an investment management company with Brummer & Partners. After redeeming the allocation to Nyblom’s strategy, Brummer Multi-Strategy is poised to allocate to a new sector specialist based in London in the first quarter of 2024. This team will oversee a strategy centered around technology, consumer durables, and services.

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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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