Mon, Apr 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Brummer to launch European hedge fund that capitalizes on 'global financial imbalances’

Wednesday, September 05, 2012

From Komfie Manalo, Opalesque Asia – Sweden’s largest hedge fund manager Brummer and Partners with $14bn in assets under management, is set to launch one of Europe’s biggest hedge funds this year that requires longer monetary commitment and capitalizes on "global financial imbalances."

In a statement, Brummer said the fund, to be called Carve, would demand investors to commit to long-term mandate with a minimum of one year lock-up, preferably three years, to free the fund to invest in less liquid strategies.

The fund is expected to be launched in October this year. The former Zenit managers Per Josefsson, Peter Thelin and Bo Börtemark will manage the fund. Stefan Engstrand from Zenit and Christian Fredriksson from Goldman Sachs have also joined Carve. Another senior manager has been recruited, the firm added.

A report by the Financial Times said that Carve has already secured at least $500m in the first month since Brummer marketed the fund to domestic clients. But Carve’s assets are expected to further rise coming from investors from the UK and Switzerland before its official launch. Top executives from Brummer is under......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. does not want hedge funds to invest in offshore re-insurers for tax purposes[more]

    Komfie Manalo, Opalesque Asia: The U.S. Treasury Department on Thursday introduced a new rule aimed at limiting hedge funds’ ability to reduce their tax bills by investing in insurance companies in offshore tax havens. As a general rule, the U.S. tax laws does not allow hedge funds to use off

  2. Ruling: Hedge funds suing Argentina can have access to bond offering details[more]

    Komfie Manalo, Opalesque Asia: U.S. District Judge Thomas Griesa in Manhattan ruled yesterday that hedge funds are entitled to details of a recent bond offering by Buenos Aires, reports

  3. Hedge funds looking to continue their rally in Q2[more]

    Komfie Manalo, Opalesque Asia: Hedge funds finished the first quarter on a strong note and are looking to continue the rally in the second quarter, said Lyxor Asset Management in its Weekly Brief. The Lyxor Hedge Fund Index is up 0.4% over the week

  4. Hedge funds down -0.17% in March (+1.23%YTD)[more]

    Bailey McCann, Opalesque New York: The hedge fund industry produced an aggregate return of –0.17% in March to end Q1 2015 up 1.23%, compared to the S&P 500 which increased 0.96%, according to the latest data from eVestment. Hedge fund performance returns were mixed in March amid increased equity

  5. Fund managers express concern of overvaluation in both equity and bond markets[more]

    Komfie Manalo, Opalesque Asia: According to the BofA Merrill Lynch Fund Manager Survey, investors see growing overvaluations in both

 

banner