Hedge Fund Closings Hit Record High in 2016 since 2008
Fortress Investment Group plans to close down its macro hedge fund after two years of losses, including a 17.5 percent swoon this year through September.
Hedge funds are shutting at a rate not seen since the financial crisis, as many managers post disappointing returns and the largest players dominate money raising. The $37 billion hedge func Brevan Howard Asset Management LLP [...]
Ziff Brothers Dirk Ziff, Daniel Ziff and Robert Ziff Shutting Down Their Multi Billion Dollar Hedge fund.
Matrin Curry fined $14 Million Regulators Fine Martin Currie $14 Million British and U.S. regulators have fined asset manager Martin Currie a combined £8.6 million ($13.9 million) for failing to manage a conflict of [...]
Hedge Fund Manager will shut down his Centaurus Capital after successful decade. John Arnold (Net worth $3B) told clients of his Centaurus Energy Master Fund yesterday that he would liquidate its holdings and return their capital. [...]
Hedge Fund Manager Louis Bacon built Moore Capital Management LLC into one of the biggest and most successful hedge funds over more than two decades. His record investing in startups run by former traders is less [...]
$1 billion energy hedge fund Bluegold Capital Management LLP, co-founded by Pierre Andurand, is liquidating after losing 34 percent last year. The London-based fund will return about 98 percent of investors' money after calculating asset values [...]