Brummer Multi-Strategy

Brummer & Partners

Strategy Description

Brummer Multi-Strategy (BMS) is a multi-strategy fund with an objective to consistently deliver absolute returns irrespective of market environment. BMS targets institutional and private investors looking for risk diversification and low correlation to capital markets over time. The portfolio is highly liquid with diversifying strategies investing across 300+ markets and 4,000+ positions. Risk management is at the core of the fund’s investment approach and shapes how the portfolio management team dynamically allocates to in-house investment teams within the different strategies. Brummer Multi-Strategy is available in different risk/volatility levels ranging from low to medium risk. The different fund jurisdictions include: Swedish AIF (monthly liquidity), Irish UCITS (weekly liquidity) and Bermuda (monthly liquidity).

Fund Information

General Information

NHX CategoryMulti-Manager
NHX CountrySweden
Legal StructureSwedish Special Fund
Fund DomicileSweden
Minimum Investment100,000 SEK
AUM15,073M SEK
Inception DateApr 2002
Management Fee0.00%
Performance Fee0.00%
SFDR Classification -

Company Information

CompanyBrummer & Partners
AddressNorrmalmstorg 14
Stockholm, SE-103 86
Phone+46 (0) 8 566 214 80
E-mail[email protected]
Websitewww.brummer.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 -0.21 -0.35 1.77 1.24 -0.85 0.94 -1.03 0.18 1.30 2.99
2023 0.66 0.28 -2.31 1.06 1.03 -0.47 -0.11 0.50 0.91 -0.78 -1.67 0.97 0.00
2022 0.27 0.12 2.35 2.73 -1.71 0.69 -0.63 1.74 2.15 0.22 -2.20 1.24 7.05
2021 -0.86 3.15 -1.86 1.53 -0.35 -1.16 -0.14 -1.12 0.47 0.18 -1.73 -0.19 -2.17
2020 0.84 -0.31 -2.26 0.01 2.92 1.49 1.08 0.39 0.07 0.17 3.10 4.52 12.51
2019 0.20 0.87 0.79 0.60 0.97 2.10 0.61 0.84 -2.82 -1.36 0.04 0.36 3.16
2018 2.60 -2.02 -0.63 0.01 2.11 -0.75 0.25 1.16 0.67 -3.93 -2.13 0.87 -1.97
2017 0.44 0.96 -0.67 0.56 2.12 -0.58 0.57 2.38 -0.44 1.83 0.00 -0.92 6.36
2016 -0.65 -1.87 -0.53 -0.39 -0.39 2.28 1.79 -0.23 0.27 -0.04 -1.45 -0.02 -1.30
2015 1.96 1.89 0.98 -1.98 2.01 -1.05 0.96 -2.63 -0.78 -0.24 1.18 0.16 2.35
2014 0.45 1.47 -1.46 -1.04 1.16 0.22 -0.36 1.03 0.65 -1.92 1.28 1.00 2.43
2013 1.56 0.26 0.33 0.41 0.91 -1.52 1.50 1.15 0.93 0.39 1.42 1.74 9.42
2012 0.90 1.22 -0.18 0.31 0.96 -1.16 1.69 1.00 -0.13 -0.78 0.40 0.14 4.42
2011 0.99 1.15 0.32 1.58 -0.97 -1.44 0.57 -0.28 0.81 0.76 -1.12 0.78 3.14
2010 0.48 0.37 0.55 -0.12 -0.03 -0.93 -0.39 2.46 -0.38 0.48 -1.22 2.29 3.55
2009 0.42 1.08 2.81 0.68 1.37 -0.11 0.74 0.64 2.15 -0.46 1.56 0.33 11.75
2008 2.76 2.94 -0.07 -2.43 1.66 1.38 -0.59 0.94 -0.77 -0.04 1.88 -0.07 7.71
2007 1.54 -0.42 0.68 2.62 2.97 0.99 0.15 -3.61 2.19 2.72 -0.13 -0.84 9.02
2006 -0.44 0.47 0.13 0.51 -0.41 -1.08 -0.64 0.06 -0.19 0.67 1.91 2.83 3.82
2005 0.70 1.27 -0.06 1.53 1.61 3.26 0.52 0.22 2.34 -2.42 1.99 1.28 12.83
2004 1.61 0.50 -0.80 -1.09 -0.39 0.48 -0.46 0.74 0.04 1.24 3.64 1.71 7.36
2003 0.59 1.17 -0.07 -0.77 2.08 1.50 -0.65 0.93 2.21 0.82 0.53 2.04 10.83
2002 1.17 1.54 2.62 2.03 0.84 2.75 -0.57 0.18 0.34 11.39

Portfolio Managers

Patrik Brummer, Chairman and Portfolio Manager of Brummer Mullti-Strategy, joined Alfred Berg Fondkommission in 1973. By the time he left in 1995, he had become group chief executive of Alfred Berg with responsibility for the group’s strategic development. Patrik Brummer left Alfred Berg in April 1995 to set up Brummer & Partners. Between 1996 and 2005 he was one of the fund managers of the Zenit fund. Patrik Brummer is partner and chairman in Brummer & Partners AB.

Markus Wiklund was appointed Managing Director of Brummer Multi-Strategy in October 2021. Wiklund joined Brummer & Partners as a quantitative analyst at the Nektar fund in 1997. He has held various senior positions in the group over the past few years, most recently as Deputy Managing Director and before that as Head of Research of Brummer Multi-Strategy AB. Before that, he headed the risk and valuation team at B & P Fund Services AB. Wiklund’s main focus in these positions has been in the areas of portfolio risks, portfolio composition and analysis of portfolio manager performance as well as business development. Wiklund has an MSc in Engineering Physics from the Royal Institute of Technology and an MSc in Economics and Business from the Stockholm School of Economics.

Kerim Celebi is Portfolio Manager at Brummer Multi-Strategy AB since October 2021. Celebi joined Brummer & Partners in 2014 as an analyst at Brummer Multi-Strategy AB and was appointed Head of Research in 2017. Celebi has mainly focused on further development of Brummer Multi-Strategy AB’s research methods and allocation process, both quantitatively and qualitatively, while also helping to develop the tools for monitoring the risks in the funds. Celebi holds an MSc in Finance from Stockholm School of Economics.
 

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. HedgeNordic in no way guarantees the accuracy of these numbers and has supplied them to you for information purposes only. This does not constitute a solicitation to buy or an offer to sell. No investment should be made without fully reviewing the associated risk factors, fees and conflicts of interest as outlined in each fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past results are not necessarily indicative of future results. Trade only with risk capital. Sales restrictions may apply in your jurisdiction.

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 MONTH ROLLING ROR Return

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -6.12% 14 15 04/2015 08/2017
2 -5.98% 2 7 10/2018 06/2019
3 -5.44% 7 5 09/2019 08/2020
4 -4.33% 10 4 03/2021 04/2022
5 -3.61% 1 2 08/2007 10/2007

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.15%0.29%0.12%0.09%0.22%
% Positive66.67%66.67%50.00%58.33%61.11%
Avg. Pos. Period0.74%0.92%1.07%0.88%1.02%
Avg. Neg. Period-1.03%-0.94%-0.81%-1.00%-1.02%
Sharpe Ratio0.551.080.410.300.65
Sortino Ratio0.851.860.620.390.98
Monthly Volatility0.95%0.95%1.06%1.10%1.24%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 4.52%-3.93%0.46%0.48%1.30%65.19%
3 Months 7.94%-5.35%1.37%1.31%0.44%73.88%
6 Months 11.45%-4.73%2.72%2.58%1.77%77.74%
1 Year 19.46%-6.11%5.41%4.90%1.45%88.80%
2 Years 25.05%-3.00%11.09%10.75%2.19%95.55%
3 Years 37.07%1.84%17.13%15.56%8.33%100.00%
5 Years 62.56%1.77%29.41%24.17%20.18%100.00%

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

AUM (EUR)

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. HedgeNordic in no way guarantees the accuracy of these numbers and has supplied them to you for information purposes only. This does not constitute a solicitation to buy or an offer to sell. No investment should be made without fully reviewing the associated risk factors, fees and conflicts of interest as outlined in each fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past results are not necessarily indicative of future results. Trade only with risk capital. Sales restrictions may apply in your jurisdiction.

Strategy Description

Brummer Multi-Strategy (BMS) is a multi-strategy fund with an objective to consistently deliver absolute returns irrespective of market environment. BMS targets institutional and private investors looking for risk diversification and low correlation to capital markets over time. The portfolio is highly liquid with diversifying strategies investing across 300+ markets and 4,000+ positions. Risk management is at the core of the fund’s investment approach and shapes how the portfolio management team dynamically allocates to in-house investment teams within the different strategies. Brummer Multi-Strategy is available in different risk/volatility levels ranging from low to medium risk. The different fund jurisdictions include: Swedish AIF (monthly liquidity), Irish UCITS (weekly liquidity) and Bermuda (monthly liquidity).

Fund Information

General Information

NHX CategoryMulti-Manager
NHX CountrySweden
Legal StructureSwedish Special Fund
Fund DomicileSweden
Minimum Investment100,000 SEK
AUM15,073M SEK
Inception DateApr 2002
Management Fee0.00%
Performance Fee0.00%
SFDR Classification -

Company Information

CompanyBrummer & Partners
AddressNorrmalmstorg 14
Stockholm, SE-103 86
Phone+46 (0) 8 566 214 80
E-mail[email protected]
Websitewww.brummer.se
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 -0.21 -0.35 1.77 1.24 -0.85 0.94 -1.03 0.18 1.30 2.99
2023 0.66 0.28 -2.31 1.06 1.03 -0.47 -0.11 0.50 0.91 -0.78 -1.67 0.97 0.00
2022 0.27 0.12 2.35 2.73 -1.71 0.69 -0.63 1.74 2.15 0.22 -2.20 1.24 7.05
2021 -0.86 3.15 -1.86 1.53 -0.35 -1.16 -0.14 -1.12 0.47 0.18 -1.73 -0.19 -2.17
2020 0.84 -0.31 -2.26 0.01 2.92 1.49 1.08 0.39 0.07 0.17 3.10 4.52 12.51
2019 0.20 0.87 0.79 0.60 0.97 2.10 0.61 0.84 -2.82 -1.36 0.04 0.36 3.16
2018 2.60 -2.02 -0.63 0.01 2.11 -0.75 0.25 1.16 0.67 -3.93 -2.13 0.87 -1.97
2017 0.44 0.96 -0.67 0.56 2.12 -0.58 0.57 2.38 -0.44 1.83 0.00 -0.92 6.36
2016 -0.65 -1.87 -0.53 -0.39 -0.39 2.28 1.79 -0.23 0.27 -0.04 -1.45 -0.02 -1.30
2015 1.96 1.89 0.98 -1.98 2.01 -1.05 0.96 -2.63 -0.78 -0.24 1.18 0.16 2.35
2014 0.45 1.47 -1.46 -1.04 1.16 0.22 -0.36 1.03 0.65 -1.92 1.28 1.00 2.43
2013 1.56 0.26 0.33 0.41 0.91 -1.52 1.50 1.15 0.93 0.39 1.42 1.74 9.42
2012 0.90 1.22 -0.18 0.31 0.96 -1.16 1.69 1.00 -0.13 -0.78 0.40 0.14 4.42
2011 0.99 1.15 0.32 1.58 -0.97 -1.44 0.57 -0.28 0.81 0.76 -1.12 0.78 3.14
2010 0.48 0.37 0.55 -0.12 -0.03 -0.93 -0.39 2.46 -0.38 0.48 -1.22 2.29 3.55
2009 0.42 1.08 2.81 0.68 1.37 -0.11 0.74 0.64 2.15 -0.46 1.56 0.33 11.75
2008 2.76 2.94 -0.07 -2.43 1.66 1.38 -0.59 0.94 -0.77 -0.04 1.88 -0.07 7.71
2007 1.54 -0.42 0.68 2.62 2.97 0.99 0.15 -3.61 2.19 2.72 -0.13 -0.84 9.02
2006 -0.44 0.47 0.13 0.51 -0.41 -1.08 -0.64 0.06 -0.19 0.67 1.91 2.83 3.82
2005 0.70 1.27 -0.06 1.53 1.61 3.26 0.52 0.22 2.34 -2.42 1.99 1.28 12.83
2004 1.61 0.50 -0.80 -1.09 -0.39 0.48 -0.46 0.74 0.04 1.24 3.64 1.71 7.36
2003 0.59 1.17 -0.07 -0.77 2.08 1.50 -0.65 0.93 2.21 0.82 0.53 2.04 10.83
2002 1.17 1.54 2.62 2.03 0.84 2.75 -0.57 0.18 0.34 11.39

Portfolio Managers

Patrik Brummer, Chairman and Portfolio Manager of Brummer Mullti-Strategy, joined Alfred Berg Fondkommission in 1973. By the time he left in 1995, he had become group chief executive of Alfred Berg with responsibility for the group’s strategic development. Patrik Brummer left Alfred Berg in April 1995 to set up Brummer & Partners. Between 1996 and 2005 he was one of the fund managers of the Zenit fund. Patrik Brummer is partner and chairman in Brummer & Partners AB.

Markus Wiklund was appointed Managing Director of Brummer Multi-Strategy in October 2021. Wiklund joined Brummer & Partners as a quantitative analyst at the Nektar fund in 1997. He has held various senior positions in the group over the past few years, most recently as Deputy Managing Director and before that as Head of Research of Brummer Multi-Strategy AB. Before that, he headed the risk and valuation team at B & P Fund Services AB. Wiklund’s main focus in these positions has been in the areas of portfolio risks, portfolio composition and analysis of portfolio manager performance as well as business development. Wiklund has an MSc in Engineering Physics from the Royal Institute of Technology and an MSc in Economics and Business from the Stockholm School of Economics.

Kerim Celebi is Portfolio Manager at Brummer Multi-Strategy AB since October 2021. Celebi joined Brummer & Partners in 2014 as an analyst at Brummer Multi-Strategy AB and was appointed Head of Research in 2017. Celebi has mainly focused on further development of Brummer Multi-Strategy AB’s research methods and allocation process, both quantitatively and qualitatively, while also helping to develop the tools for monitoring the risks in the funds. Celebi holds an MSc in Finance from Stockholm School of Economics.
 

Return Statistics

Last Month Return 1.30%
3 Month Return 0.44%
Year to Date Return 2.99%
12 Month Return 1.45%
36 Month Return 8.33%
Total Return Annualized 5.53%
Winning Months (%) 65.19%
Average Winning Month 1.19%
Average Losing Month -0.92%
Total Return Cumulative 235.78%

Risk Statistics (12M)

1 Year
Sharpe Ratio0.41
Sortino Ratio0.62
Sterling0.12
Calmar0.60
Skewness-0.06
Kurtosis-0.79
Maximum Drawdown-2.44%
Correlation vs S&P 500-0.33
Annualized Volatility3.66%
Annualized Down. Deviation1.65%

Risk/Return Comparison

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 MONTH ROLLING ROR Return

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -6.12% 14 15 04/2015 08/2017
2 -5.98% 2 7 10/2018 06/2019
3 -5.44% 7 5 09/2019 08/2020
4 -4.33% 10 4 03/2021 04/2022
5 -3.61% 1 2 08/2007 10/2007

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.15%0.29%0.12%0.09%0.22%
% Positive66.67%66.67%50.00%58.33%61.11%
Avg. Pos. Period0.74%0.92%1.07%0.88%1.02%
Avg. Neg. Period-1.03%-0.94%-0.81%-1.00%-1.02%
Sharpe Ratio0.551.080.410.300.65
Sortino Ratio0.851.860.620.390.98
Monthly Volatility0.95%0.95%1.06%1.10%1.24%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 4.52%-3.93%0.46%0.48%1.30%65.19%
3 Months 7.94%-5.35%1.37%1.31%0.44%73.88%
6 Months 11.45%-4.73%2.72%2.58%1.77%77.74%
1 Year 19.46%-6.11%5.41%4.90%1.45%88.80%
2 Years 25.05%-3.00%11.09%10.75%2.19%95.55%
3 Years 37.07%1.84%17.13%15.56%8.33%100.00%
5 Years 62.56%1.77%29.41%24.17%20.18%100.00%

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

AUM (EUR)

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. HedgeNordic in no way guarantees the accuracy of these numbers and has supplied them to you for information purposes only. This does not constitute a solicitation to buy or an offer to sell. No investment should be made without fully reviewing the associated risk factors, fees and conflicts of interest as outlined in each fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past results are not necessarily indicative of future results. Trade only with risk capital. Sales restrictions may apply in your jurisdiction.

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Data and information is provided for informational purposes only. Past performance is not necessarily indicative of future results.

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