Swedish Hedge Fund Brummer to Set Up New Bangladesh Stocks Fund

Bloomberg – Brummer & Partners, the largest Scandinavian hedge-fund manager, plans to set up a fund to buy Bangladeshi stocks, betting the south Asian nation will attract investors seeking the world’s next low-cost labor hub.

The fund “should not be larger than $100 million” as only about a third of Bangladeshi companies’ outstanding shares are publicly traded, said Patrik Brummer, founder of the Stockholm- based firm, whose assets are at their peak of about $7 billion. The fund will be formed within the next three months, he said.

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