Archipel is an equity-oriented hedge fund that failed in recent years. Yields were clearly inferior, – 1.1 percent on average over three years, compared with 6.4 percent for the fund category as a whole, according to Morningstar.
Now, Brummer & amp; Partners decided to close the fund. On October 31, the units will be redeemed.
“The recent market conditions have been challenging for the Fund. The quantitative models underlying the Fund’s management has had difficulty making money, both strategies based on relative valuation and those seeking to identify trends in the market, “the fund company in a press release.
The background is that Brummer Multi-Strategy, which is a fund-of-fund hedge fund, has decided to redeem their shares in Archipel because yields have not lived up to expectations.
As late which last month announced Brummer & amp; Partners to fund Futuris wound.
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