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.


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...