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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of