Raptor Vets. Broggi, Fantasia To Shutter Hedge Fund

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.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of