Investors Fleeing Nevsky Flagship

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.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note