Brummer Secures $500M For Long-Term Hedge Fund

Law360, New York (September 5, 2012, 6:06 PM EDT) -- Top Scandinavian hedge fund firm Brummer & Partners is rumored to have locked in $500 million for the long-term, equity-credit combo investment vehicle it plans to launch next month, according to a Wednesday news report, making it one of the biggest European launches of the year.

The investment base for Brummer's so-called Carve fund — whose name stands for cross asset relative value equity — reportedly includes $150 million from the firm's top staff, the Financial Times reported Tuesday, citing an unnamed investor.

The investments are...
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