Arrowgrass Won't Shut Stock Fund

Sep 23 2011 | 2:02pm ET

Despite having lost more than 90% of its assets, Arrowgrass Capital Partners wants to keep its equity hedge fund afloat.

London-based Arrowgrass has no plans to shutter the Equity Focus Fund, Reuters reports. It's also thrown its backing behind Andrew Billett, the former SAC Capital Advisors trader who runs the fund.

Equity Focus is down 14.5% this year after an 8.65% drop last month. Even worse, the fund is down to just US$30 million in assets, the Financial Times reports, from US$400 million at the beginning of the year.

While it doesn't plan to do away with Equity Focus, Arrowgrass has allowed investors to redeem in advance of their regular redemption dates.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR