Hedge Funds

Brummer unveils new fixed-income strategy

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Swedish firm raises $500m for special opportunities version of Nektar fixed-income fund

Swedish asset management company Brummer & Partners has defied the difficult fund-raising environment to launch a new fixed-income strategy with $500 million in assets and a three-year lockup.

 
Kent Janér and Torbjörn Olofsson


Brummer started the Nektar Special Opportunities fund last month with initial backing from a group of institutional investors, many of whom are invested in other Brummer funds and strategies.

The strategy initially began as a small proportion of the fund's existing Nektar fixed-income fund, but managers Kent