Friday, 27 November 2015
Last updated 1 day ago
Apr 8 2010 | 4:14am ET
Investors have yanked US$1 billion from Nevsky Capital’s flagship hedge fund in the months since the firm announced its managers would be stepping down.
The London-based firm, which manages about US$6.5 billion, has said it will likely liquidate the Nevsky Fund, noting the “highly specialized nature of the fund’s mandate and the central role” that managers Martin Taylor and Nick Barnes fill. Taylor, a co-founder of the firm, which was spun-off from Thames River Capital in 2007, and Barnes said in March that they will leave Nevsky in March 2011.
But investors aren’t waiting for the two to leave, or for Nevsky to pull the plug. Before the redemptions, the Nevsky Fund manages about US$3.5 billion.
While its flagship will sail off into the sunset, Nevsky itself plans to remain sailing. Thames River’s Michael Warren told CityWire that the firm’s other funds remain popular with investors.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…