Wednesday, 17 September 2014
Last updated 14 hours ago
Sep 16 2010 | 2:06pm ET
It was a good idea, in theory, but Theory Capital Partners is closing its doors after raising money proved, in practice, too difficult.
The Boston-based firm debuted only last year, founded by two veterans of another short-lived Boston hedge fund, former Tudor Investment Corp. veteran James Pallotta’s Raptor Capital Management. But last month, Robert Broggi and Carl Fantasia e-mailed clients to say they would be getting their money back because Theory couldn't raise enough of it.
Given poor “current and future prospects to raise capital, we concluded it was in the best interests of our existing limited partners and the team at Theory Capital to wind down operations,” the two said in an e-mail on Aug. 25.
All told, the firm raised less than $100 million, according to Reuters.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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