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Brummer & Partners AB

PRI reporting framework 2020

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other

Please specify

          Private equity funds approximately 1,2% of AUM
        
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

We currently manage 10 single strategy hedge funds and one fund of hedge funds (Brummer Multi-Strategy "BMS"). BMS only invests in the single strategy hedge funds managed within the Brummer group.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Sweden

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

355 FTE

02.4. Additional information. [Optional]

Ever since our founding in 1995, a key focus for us has been to build a sustainable business model with the aim of generating a competitive and sustainable long-term risk-adjusted return for our clients. Our business model is characterised by investment management firms who manage their funds and run their businesses independently. We put a premium on preserving our innovative corporate culture, which enables our investment management teams to draw on the pool of knowledge and experience in the group. Our business model has proved compelling to skilled portfolio management teams who value the combination of entrepreneurship, experience and expertise that we offer.

All our funds pursue different investment strategies and together form a well diversified portfolio in Brummer Multi-Strategy (BMS). In our search for new investment management teams to add to the group, we look for investment strategies which we believe will improve BMS’s ability to generate a competitive and sustainable risk-adjusted return over time.

Brummer & Partners in brief:

  • Pioneer in the Nordics, founded 1995, privately owned
  • The business concept is to offer a well-diversified selection of actively managed funds by bringing together skilled managers with different investment strategies into a single corporate group
  • Entrepreneurial business model and joint ownership by Brummer & Partners and the fund managers
  • Approximately 350 employees in seven countries
  • Brummer & Partners AUM: USD 11.2 bn as of January 2020
  • Fund portfolio managers are encouraged to invest their personal financial wealth in the funds that they manage and normally do so
     

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

We hold significant shares, but less than 50 per cent, of Carve Capital, Lynx Asset Management and Bodenholm Capital. The three companies submit their own transparency reports but their responsible investment activities are also reported upon in this report as they are part of the Brummer group's firm wide responsible investment activities.


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

04.5. Additional information. [Optional]

In our answer to indicator OO 04.2 we have included Carve Capital, Lynx Asset Management and Bodenholm Capital. Although they submit their own transparency reports we also report on their responsible investment activities in this report as they are a part of the firm-wide responsible investment initiative.


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 0 0 0 0
Private equity 0 0 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds >50% 67 0 0
Fund of hedge funds 10-50% 32 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify <10% 1 0 0
Other (2), specify 0 0 0 0

`Other (1)` specified

          Private equity
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

79 Developed Markets
19 Emerging Markets
2 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


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