Saturday, 30 May 2015
Last updated 9 hours ago
Mar 20 2012 | 1:32pm ET
Hedge fund TIG Advisors is pulling the plug on its emerging markets portfolio.
The New York-based firm is liquidating the $210 million Global Emerging Markets fund, it told investors. The 15-year old fund, which once managed $1.5 billion, had suffered two straight losing years, including 11% last year, Reuters reports.
"Our Global Emerging Markets funds have been closed and are being liquidated," TIG wrote in a March 9 e-mail.
TIG still manages four other hedge funds with a combined $1.1 billion in assets.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…