Hong Kong's Triskele Calls It Quits

Jan 10 2013 | 3:01pm ET

Last year saw a raft of high-profile hedge funds close their doors. Now, 2013 has its first well-known casualty.

Hong Kong-based Triskele Capital Management will close its two hedge funds, it told investors, Bloomberg News reports. The firm blamed both poor performance and investor redemptions; its assets under management have fallen to US$132 million from a peak of US$600 million.

It's not clear whether Triskele, which was founded in 2006, will survive in any form. Tsuyoshi Shiba, the firm's co-founder and chief investment officer, said no decision has been made about the future of the management company.

Shiba said that its China Fund has performed poorly for two years, including a 9% drop last year. The firm's US$12 million CB Fund, a convertible securities vehicle, did much better, but is being closed due to its small size.


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...