Thu, May 23, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
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
Article link
Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  2. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  3. Performance – Chenavari Investment holds off U.S. dominance to crack big league of top hedge fund performers, BlueCrest credit hedge fund makes gains despite European short bias, Sensato Asia-Pacific Fund up 15% YTD, says Japanese stock valuations are no longer attractive, ETF that follows hedge fund gurus is up 52% since inception less than a year ago[more]

    Chenavari Investment holds off U.S. dominance to crack big league of top hedge fund performers From Cityam.com: A boutique London-based hedge fund has smashed into the top three best performing funds in the world this year, breaking the dominance of US hedge fund managers, according to a

  4. Moore Capital founder Louis Bacon to anchor $750m senior loan fund[more]

    From PEhub.com: Billionaire hedge fund manager Louis Bacon is placing a big bet on mid-market lending by backing a new firm that is seeking to raise a $750 million debt fund aiming at the lower end of the middle market, two sources told sister magazine Buyouts. Bacon, the founder of Moore Capi

  5. Systematic Absolute Return’s Survey Findings: When compared with other hedge fund strategies, there is no real difference in how tail risk is defined in the asset finance space. A closer look at the tail events in certain option arbitrage strategies, tend to show a similar profile - high Sharpe ratios, no negative months, uncorrelated returns -
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. 36 South
  2. Cultivar
  3. New Zealand
  4. Aspiring
  5. wine investment
  1. managed account
  2. asian hedge fund
  3. pioneer
  4. launch
  5. Ucits