Fund launches & closures

Brummer makes Asia push with event-driven strategy

by

Stockholm-based Brummer & Partners, among the largest hedge fund groups in Europe with $10 billion in assets, is making a splash in the Asian event-driven space with the planned launch of the Orvent fund – an Asia event-driven equity strategy – on 1 January 2011.


Klaus Jäntti


The firm, also the biggest hedge fund manager in the Nordic region, has been running the Asia-focused Karakoram fund since 2009, but its latest move marks a more concerted and well strategised push in the opportunity-rich Asian landscape, and will entail an expansion of its Singapore office.