Hong Kong's Triskele Calls It Quits

Jan 10 2013 | 2:01pm 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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note