Highbridge Vets To Close Hedge Fund

Sep 13 2012 | 7:57am ET

A trio of Highbridge Capital Management veterans are giving up on their own hedge fund venture.

The founders of Kingsbrook Partners, Adam Chill, Ari Storch and Scott Wallace, told investors on Tuesday that they would return all outside capital by the end of the year. While the three will continue to manage their own money, they said they were moved to throw in the towel by a lack of investment opportunities.

"Put simply, we do not believe that the right risk/reward investment opportunities currently exist that will enable us to generate risk-adjusted returns," the trio wrote.

New York-based Kingsbrook, which the three founded in 2009, has about $100 million in assets under management, Hedge Fund Alert reports.

Kingsbrook's Opportunities Fund is down 1% this year, but has posted a cumulative return of 31.1%. The small- and micro-cap fund is the successor to a similar fund the men ran at Highbridge beginning in 2001.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note