North Carolina Hedge Fund Shuts Down

Jul 27 2012 | 10:55am ET

A North Carolina hedge fund has closed its doors after its anchor investor pulled its money.

Raleigh-based Belltower Advisors launched in 2009 with an unidentified foundation as one of its largest investors. That foundation's decision to redeem left the firm which once managed more than $170 million, without sufficient assets to stay in business.

"We had one large client that decided to relocate," co-founder Mark Corigliano told the Triangle Business Journal.

Corigliano is now teaching at the University of North Carolina at Chapel Hill, whose campus is home to the landmark bell tower that his defunct hedge fund was named after. The Belltower co-founder teaches graduate classes at the college's Kenan-Flagler Business School.


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.