Brummer & Partners’ flagship 48.8 billion Swedish kroner ($5.7 billion) multi-strategy fund is back in the black in 2016 after summer gains helped it recover from its worst start to a year since launch back in 2002.
Brummer's flagship fund, which invests across a range of hedge fund managers in which the firm also takes stakes, has never had a loss-making year and has four times enjoyed double-digit annual percentage gains, according to its latest monthly report for June.