Tuesday, 7 July 2015
Last updated 2 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…