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Proxy advisory firm Institutional Investor Services urged Alkermes (ALKS.O) shareholders to elect one of three director candidates proposed by activist hedge fund Sarissa Capital, arguing more outside...
The biggest annual loss for Chris Rokos’s hedge fund isn’t deterring investors.
Multi-strategy hedge fund Brummer dips into negative territory, as poor short alpha drives January equity losses Submitted 03/02/2021 - 1:33pm Stockholm-based hedge fund manager Brummer & Partners saw its flagship multi-strategy fund dip slightly into negative territory last month. The Brummer Multi-Strategy (BMS) vehicle slipped 0.8 per cent in its SEK class, and 0.9 per cent in the USD class, in January, while the twice-levered Brummer Multi-Strategy 2xL version of the fund lost 1.7 per cent in both SEK and USD tranches. Brummer said on Wednesday that equities and bond yields ticked upwards...
Submitted By Hugh Leask | 21/01/2021 - 5:36pm Brummer Multi-Strategy CEO Mikael Spångberg says the fund is in a “good position” to deliver continued positive performance, after it posted its second-best annual performance to date – but he underlined the importance of generating alpha in the face of unpredictable markets. Spångberg, who is portfolio manager of Stockholm-based Brummer & Partners' long-running fund, said 2020 had been an “extraordinary” year for markets, and “quite a fantastic year” for BMS in terms of performance and returns. The multi-strategy hedge fund manag...