Brummer & Partners, the $14 billion Stockholm-based
multi-strategy group led by Patrik Brummer and Klaus Jantti, is
preparing to a launch a major addition to its range with a new
global equity and credit fund that will combine long/short
equity strategies with capital structure arbitrage.
The new Carve fund, which is expected to launch in October
subject to approval from the Swedish Financial Supervisory
Authority (Finansinspektionen), will look to generate high
risk-adjusted returns by investing across a wide range of
capital structure situations in both liquid and illiquid
As a result the firm is seeking a relatively long-term
mandate from investors to give the managers full flexibility to
invest across the liquidity spectrum,...