Senrigan Down 8.5% In ‘11

Jan 13 2012 | 1:08am ET

Senrigan Capital Group wasn’t spared a difficult 2011 for hedge funds, especially in its home region of Asia.

The Hong Kong-based firm’s flagship lost 8.5% last year, Bloomberg News reports. The US$1 billion fund returned 6% in 2010.

The event-driven fund launched with US$220 million in November 2009, backed by the Blackstone Group. The firm was founded by former Citadel Investment Group Asia principal Nick Taylor. The fund hit the US$1 billion asset mark early last year.

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