Long-short investing

FUND PERFORMANCE

Brummer Multi-Strategy ends August in red, as flagship adds financials-focused long/short hedge fund

Brummer Multi-Strategy ends August in red, as flagship adds financials-focused long/short hedge fund

Brummer & Partners’ flagship multi-strategy vehicle slipped into the red during August, with all but two of its underlying managers posting losses during the month. The slide comes as the Stockholm-based fund began allocating capital to Kersley Financials, a new financials-focused long/short equity strategy, on 1 September.