Brummer builds the Nordic model
Fri Jun 26, 2009
The leading Swedish hedge fund has embraced regulation, modest fees and transparency to build a $5.6 billion firm without sacrificing returns.
The leading Swedish hedge fund has embraced regulation,
modest fees and transparency to build a $5.6 billion firm
without sacrificing returns
By Barry Cohen
U.S. hedge fund managers could learn a lot from
the Scandinavian model, particularly the one designed by Patrik
Brummer, the 60-year-old chairman and founder of Brummer &
Partners, a $5.6 billion Swedish hedge fund firm established 14
years ago. Whereas American funds fought off regulation for
years, Brummer's firm embraced it from the start. To lure local
institutional investors, which have jumped into Swedish hedge
funds in a big way, it has kept its fees modest and its process
No wonder Patrik Brummer is known as a visionary - he's way
ahead of the pack in anticipating what an institutionalized
hedge fund world will look like. If the historic egalitarianism
- some might say socialism - of Sweden is a theme at
ISSN: 2151-1845 / CDC10004H
The full contents of this article are available to active AR subscribers and trialists only.
TAKE A FREE TRIAL
To continue reading please, take a free trial, subscribe or log in to AR.
Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.