Trouble at Brummer?

Brummer & Partners, the Swedish hedge fund giant, seems to have run into a spell of weak performance. After the closure of the Fixed Income Fund Latitude, the internal FOF Helios have delivered a negative result of 0.9% YTD. The shining stars this year is Zenith, Manticore and Avenir with results above the risk free rate. The table is from AFV.se and Brummer & Partners.

Will write a text on Swedish hedge fund failures someday, and will make sure to include Latitude as an example. But is good to see that the failure of Latitude did not totally bring down the performance of the Helios fund, which invest in other Brummer funds.