ReachCapital Pulls Plug On Hedge Funds

Apr 13 2011 | 12:46pm ET

ReachCapital Management has liquidated at least three hedge funds.

The Harrison, N.Y.-based firm has shuttered its International Fund I, International Fund II and European Equity Fund, HFMWeek reports. All three funds suffered major losses during the financial crisis; International I dropped 46.15% and European Equity 33.29% in 2008.

But both funds rebounded strongly in 2009, soaring 47.42% and 54.06%, respectively, according to BarclayHedge.

ReachCapital was founded by Putnam Investments veteran Nigel Hart.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...