Hedge Funds

Brummer unveils new fixed-income strategy


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