TIG Shutters Emerging Markets Fund

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.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of