Tue, Apr 25, 2017
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. Investing - Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low', Asia CIOs say "non" to Europe, Billionaire Mike Novogratz says he has 10% of his money in Bitcoin and Ether[more]

    Hedge fund Ecofin says EDP bid for renewable energy unit 'egregiously low' From Reuters.com: London hedge fund firm Ecofin said an offer from Portugal's largest company EDP to buy 22.47 percent of subsidiary EDP Renovaveis "significantly undervalues" the company, in a letter to EDPR's bo

  2. Alternative asset firm YieldStreet surpasses $100m of loans funded in less than 8 quarters[more]

    Komfie Manalo, Opalesque Asia: Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz. In a

  3. Investing - Investor appetite for high-growth IPOs to be tested, Apollo boosts fund's stock allowance for 'diamonds in the rough', Hedge funds uncertain over outlook for Hargreaves Lansdown[more]

    Investor appetite for high-growth IPOs to be tested From FT.com: The US listings market is poised for a busy week with deals that will test investors' appetite for high-growth - but lossmaking - companies. Eight new listings are scheduled for this week, the most since October of 2016,

  4. Hedge funds holding Puerto Rico bonds are looking at a long battle[more]

    Komfie Manalo, Opalesque Asia: Hedge funds which bought Puerto Rico's distressed debt bonds are facing the prospect of a long road ahead to recover their investments as the Caribbean island is attempting to use a U.S. Congress-approved rule that allows it to exploit a bankruptcy-like proceedings

  5. Aris Wealth' quant indices fare well[more]

    Benedicte Gravrand, Opalesque Geneva: Last year, Geneva-based Aris Wealth Management launched indices sponsored by Societe Generale Corporate & Investment Banking. These indices replic