Over the past decade Brummer & Partners have
established themselves as near-legends in the Scandinavian
hedge fund market. Barry Cohen plots the company's rise and
Since the launch in 1996 of Zenit, Brummer & Partners'
first hedge fund, the group has not only emerged as a
Scandinavian powerhouse; it has also become a legend in its own
time. Among Nordic hedge fund managers, the Stockholm-based
firm is acknowledged as a pioneering enterprise which
effectively started the Swedish, and ultimately, the regional
onshore hedge fund industry.
Over the past 10 years, the firm has developed a stable of
nine uncorrelated hedge funds of varying strategies as well as
offshore funds, a fund administration company, a unit-linked
insurance business, and an internal fund of funds. From a
handful of staff at the outset, Brummer now employs 130 people
in offices in Stockholm, Oslo, Helsinki and New York. Although
dozens of other...