Brummer Multi-Strategy ends August in red, as flagship adds financials-focused long/short hedge fund Submitted By Hugh Leask | 03/09/2021 - 5:02pm 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. Overall, Brummer Multi-Strategy fell 1.1 per cent last month, a loss which dragged down its year-to-date performance to -0.9 per cent.