Retiring Rowe Shutters SandRidge

Jan 11 2013 | 1:21pm ET

Another energy hedge fund is closing its doors as its founder calls it quits.

Andrew Rowe said today that he's closing his SandRidge Capital and retiring. Most of the fund's US$320 million in assets will be returned by the end of the first quarter, Reuters reports.

Rowe said he planned to "sit back and hang out with my kids and play golf."

"Life is good," he said.

The Houston-based hedge fund returned 11% last year.

Rowe's exit comes after a difficult year for commodity hedge funds—although not his. Last year also saw the closure of several prominent energy and commodity funds, including SandRidge's fellow Texan Centaurus Capital, BlueGold Capital and Fortress Investment Group's commodity fund.


In Depth

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...