Energy Hedge Fund Elustria Ends Short Run

Oct 30 2013 | 2:00pm ET

Elustria Capital Partners will close its doors just two years after launching.

The energy hedge fund told investors yesterday that it would liquidate "with deep regret." Co-founders Andrew Waranch and Eric Kimmel wrote that, "over the past two years, the power space has faced numerous challenges."

The liquidation was first reported by Absolute Return magazine.

The New York-based firm's fund debuted in September 2011. Waranch and Kimmel founded it after stints at Elliott Associates and Kottke Associates, respectively.

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