Wednesday, 2 December 2015
Last updated 7 hours ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…