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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of