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

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note