Brummer Multi Strategy UCITS

Investment Objective

Brummer Multi-Strategy is a fund with exposure to hedge funds managed by Brummer & Partners. The goal is to deliver a competitive risk-adjusted return and effective risk diversification. The Brummer Multi-Strategy UCITS aims to minimise the tracking error versus the original BMS AIF via an efficient managed account platform in order to avoid UCITS constraints diluting risk and returns.

Latest Meeting Note

Meeting 21 Jan 2021

Brummer & Partners was founded 25 years ago and currently has 8 partners. The Brummer Multi-Strategy fund ("BMS AIF", offshore) was launched in 2002 with the focus of providing a stable and positive return over time, regardless of ma... Read more

Brummer & Partners was founded 25 years ago and currently has 8 partners. The Brummer Multi-Strategy fund ("BMS AIF", offshore) was launched in 2002 with the focus of providing a stable and positive return over time, regardless of market direction. The fund is Brummer’s main seeding vehicle and the portfolio consists of c. 10 funds from within the Brummer & Partners group. The portfolio is structured to include funds with different strategies (credit, macro, event driven, trend following, ELS) that over time are expected to be lowly correlated with one another as well as traditional assets, ultimately creating an all-weather strategy. The UCITS version of the fund was launched in November 2020 with internal capital before accepting client capital in December. The fund aims to have a minimal tracking error vs the BMS AIF and has an increased risk profile by c. 1.5x. Through 2021 the team will be adding the Frost strategy, a Scandinavian fixed income relative value fund, whilst also adding a managed account from Lynx (CTA).

Performance

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC YTD
2020 0.4 0.9 0.7 0.3 0.8 0.5 0.9 0.4 0.4 0.1 0.3 0.9 0.1
2019 0.8 0.3 0.2 0.5 0.5 0.8 0.7 0.9 0.9 0.8 0.4 0.4 0.8

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