Senrigan Down 15% After Big June Loss

Jul 19 2012 | 11:52am ET

Senrigan Capital, the Hong Kong hedge fund founded by former Citadel Investment Group trader Nick Taylor, managed to lose almost twice a much money in the first half as it lost all of last year.

The Asia-focused event-driven shop plummeted 6.7% last month. That decline, at a stroke, nearly doubled its year-to-date loss to almost 15%.

Senrigan lost 8.7% last year.

The performance losses have hit Senrigan's asset base. The firm managed more than US$1 billion at the beginning of the year, but has lost about a quarter of that and is down to roughly US$754 million, Reuters reports.

Senrigan's slide is likely causing consternation at the Blackstone Group, which seeded the firm and which has invested US$150 million in it. What's more, last month Blackstone committed a further US$50 million to co-invest with Senrigan.


In Depth

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Cash: An Asset In Adolescence

Aug 31 2017 | 3:34pm ET

If the investment industry has a rebellious teenager in the house today, that teenager...

 

From the current issue of