Brummer & Partners to redeem investment from long/short credit hedge fund Observatory Submitted By Hugh Leask | 24/06/2021 - 10:55am Brummer & Partners, the long-running Swedish multi-strategy hedge fund firm, is withdrawing its investment in Observatory, one of the underlying funds in the flagship Brummer Multi-Strategy (BMS) vehicle. BMS has allocated capital to Observatory – a trading-oriented long/short corporate credit-focused hedge fund – since January 2010. Brummer’s decision to redeem its entire investment comes despite Observatory, which launched in June 2004, currently hovering around an all-time high.