Boyer Allan Liquidating

Feb 3 2012 | 10:30am ET

After 14 years, Boyer Allan Investment Management is closing its doors.

The Asia-focused hedge fund will complete its liquidation "within weeks," HFMWeek reports. The firm spun off its Pacific Opportunities Fund on Feb. 1 and is in the process of doing so with its last remaining fund, Boyer Allan Emea.

Most of the firm's remaining US$400 million in assets has already been returned to investors.

Firm founders Johnny Boyer and Nicolas Allan made the decision to pull the plug last year, which also saw the closure of two other hedge funds. Boyer Allan also delisted all five of its funds from the Irish Stock Exchange.

Allan and Boyer are said to have found the going for the once-US$2 billion hedge fund "ever harder than in 2008"—and to have found it even harder to change with the times.

The firm's "strategy wasn't right for the markets and it's hard to retool the entire DNA," a source told HFM. "U.S. pensions don't like long-bias funds anymore."

Allan and Boyer has also lost interest in fund management, sources said.

Boyer Allan's Pacific Opportunities fund is now in the hands of Stone Drum Partners, helmed by Charlie Erith and Andrew Tay.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…