Brummer Multi-Strategy to redeem its investment in Talarium

The funds in which Brummer Multi-Strategy (BMS) invests are evaluated continuously alongside the ongoing work to identify and evaluate new asset management teams. The purpose of all investment management decisions is to improve BMS. The decision to redeem BMS’s investment in Talarium is based on an overall assessment of the fund’s future ability to contribute to BMS risk-adjusted return. BMS will redeem its investment in Talarium on July 31, 2017.

Talarium has since its inception on June 1, 20161 generated a return of -4.1 percent and the contribution to BMS during the corresponding period2 has been -0.5 percentage points. By June 30, 2017 BMS investment in Talarium was 5.5 percent of the total assets under management.

BMS’s return year to date is 2.9 per cent and BMS 2xL has returned 5.2 per cent (estimates as at 1 July 2017). The main contributors to BMS’s performance during the first six months of 2017 were Manticore, Bodenholm and Black-and-White, all of which generated a strongly positive alpha. These funds take long and short positions in equities (long/short equity).

After redeeming its investment in Talarium, BMS will be invested in eight funds: Arete, Bodenholm, Black-and-White, Florin Court, Lynx, Manticore, Nektar and Observatory.

For any investor questions, please contact Investor Relations on +46 8 566 214 80 or at info@brummer.se. 

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1  BMS share class
2  1 June 2016 – 1 July 2017

Press contact

Jacob Lannerö, Director of Public Affairs. Telephone +46 (0)761-11 14 86. E-mail media@brummer.se.