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

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note