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

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

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.