Brummer & Partners is preparing to launch a new pod within its Brummer Multi-Strategy, focusing on a Scandinavian-oriented discretionary fixed-income relative value and macro strategy. The responsible portfolio manager for this new strategy will be Anders Augusén, who joined Brummer & Partners after brief tenures at Barclays Corporate & Investment Bank and Nordkinn Asset Management, following an extensive career under the Brummer & Partners umbrella.
“I’m happy to share that I’m starting a new position as Fixed income relative value and macro at Brummer Multi-Strategy,” announces Augusén. His career in fixed-income markets began in 1997 at Brummer & Partners-backed Nektar Asset Management, where he worked as a portfolio manager until 2006. He then served as lead portfolio manager at AP3 for two years before joining SEB as Head of Short Rates Trading, a position he held for nearly six years. In 2014, Augusén rejoined Nektar Asset Management, remaining there until the closure of its fixed-income relative value and macro fund in the summer of 2019.
“I’m happy to share that I’m starting a new position as Fixed income relative value and macro at Brummer Multi-Strategy.”
Following that, he joined a relative value hedge fund focused on Scandinavian fixed-income markets, alongside former Nektar colleagues. Subsequently, Augusén briefly worked at Barclays Corporate & Investment Bank from late 2022 to mid-2023, before joining hedge fund boutique Nordkinn Asset Management as an investment manager in September 2023. After a year and a half with fixed-income macro manager Nordkinn, Augusén is now joining Brummer & Partners to launch a Scandinavian-focused discretionary fixed-income relative value and macro strategy pod.
Brummer Multi-Strategy (BMS) made significant enhancements in 2024. Two new senior partners, Adrian Brummer and Wilhelm Kleman, joined the team, bringing valuable experience and catalysing a long-term growth direction. Investments in infrastructure included the launch of Brummer Multi-Manager Fund Ltd, which improved the onboarding process for new investment teams as ‘pods.’ This strengthened infrastructure allowed for the addition of new complementing strategies.
At the start of the year, the team behind BMS emphasized its ongoing commitment to seeking out new talent and strategies. “The primacy for us is the quality of the talent rather than necessarily needing to add a certain strategy type for the sake of filling a blind spot,” said the BMS team. Historically managing an average of ten strategies within its portfolio, the team is now focused on further diversification by increasing the number of underlying strategies to around 15. The new PM Pod led by Anders Augusén is part of this effort.
