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Brummer shuts down credit fund after heavy losses

Troubled credit fund that recently lost a lot of money is now being discontinued by the Swedish hedge fund giant. The fund was active less than two years.
Patrik Brummer, founder of Brummer & Partners | Photo: Dan Coleman/Dan Coleman AB
Patrik Brummer, founder of Brummer & Partners | Photo: Dan Coleman/Dan Coleman AB
by MIRZA GAZIC

The Brummer & Partners-backed Swedish credit hedge fund Frost is being shut down. Yesterday, Brummer released a statement informing of plans to cease operations at Frost, which has been operational for less than two years after launching in January 2020.

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