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Brummer flagship returns to the black on summer comeback

Swedish hedge fund investor's flagship fund recoups unprecedented losses of early 2016, as sterling shorts and rebounding stocks fuel summer gains

Brummer flagship returns to the black on summer comeback
Photo: iStockPhoto

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.

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