AMWatch

Brummer Multi-Strategy loses heir apparent

Mikael Spångberg was appointed CEO of the hedge fund manager's flagship strategy in 2017. He leaves less than a year after founder Patrik Brummer announced he was the key to the company’s future.

Mikael Spångberg leaves Brummer Multi-Strategy | Photo: Brummer & Partners/PR

Swedish hedge fund manager Brummer & Partners is announcing changes to the management of its flagship Brummer Multi-Strategy (BMS) fund. Mikael Spångberg is departing the firm after ten years, with four of those as the CEO of BMS. He is leaving for personal reasons, the firm has announced, without divulging more details.

"There's a time for everything. I've had the ten best years of my professional life at Brummer & Partners, with a mix of passion and intellectual challenges and a brilliant team. I'll be devoting more time to my family for a while, and then new challenges await," Spångberg says in the company statement.

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