Topsy-turvy markets see Brummer’s multi-strategy hedge fund flagship go into reverse Submitted By Hugh Leask | 17/03/2021 - 3:24pm Stockholm-based Brummer & Partners’ flagship multi-strategy fund has dipped into negative territory in recent weeks according to mid-month estimates for March, with long/short equity losses offsetting gains made by other strategies. The Brummer Multi-Strategy (BMS) vehicle’s SEK class fell 1.1 per cent during the first two weeks of March, reversing February’s 3.2 per cent advance to leave its year-to-date return at 1.2 per cent.