Brummer and Partners, Sweden's largest hedge fund manager, plans to buy a stake in the management company of a new fund that has lined up $500m to capitalise on "global financial imbalances".

According to a Swedish statement published on Brummer's website, Brummer partners Per Josefsson and Peter Thelin, and Bo Börtemark, a former colleague of theirs, have set up a new firm called Carve, and are preparing to launch a hedge fund in October.