Hedge Fund JAI To Close

Apr 20 2011 | 1:36pm ET

A Soros Fund Management veteran is pulling the plug on his two-year-old hedge fund.

Michael Takata, a former stock manager at Soros, and Michael Ryan, formerly head of global equities and fixed-income at Credit Suisse Group, have decided to shutter their JAI Capital Management. The firm was launch in June 2009 with $150 million.

JAI ran a global opportunistic long/short strategy HFMWeek reports. It is unclear what left Takata and Ryan to decide to shutter the firm.

HedgeFund.net reports that a person at JAI’s New York office said that the firm was no longer operating there.

JAI is actually the second hedge fund co-founded by Takata, who also helped launch Ulysses Management. He also formerly worked at Pequot Capital and Odyssey Investment Partners, before spending two years at Soros.

In addition to his work at Credit Suisse, Ryan is an 18-year veteran of Goldman Sachs.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    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…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.