Hedge Funds

Brummer builds the Nordic model

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The leading Swedish hedge fund has embraced regulation, modest fees and transparency to build a $5.6 billion firm without sacrificing returns.

The leading Swedish hedge fund has embraced regulation, modest fees and transparency to build a $5.6 billion firm without sacrificing returns

By Barry Cohen

U.S. hedge fund managers could learn a lot from the Scandinavian model, particularly the one designed by Patrik Brummer, the 60-year-old chairman and founder of Brummer & Partners, a $5.6 billion Swedish hedge fund firm established 14 years ago. Whereas American funds fought off regulation for years, Brummer's firm embraced it from the start. To lure local institutional investors, which have jumped into Swedish hedge funds in a big way, it