Wednesday, 27 July 2016
Last updated 9 hours ago
Jun 9 2014 | 11:26am ET
Hedge fund Sureview Capital has closed its doors after a three-year run during which it failed to garner much interest from investors.
The Greenwich, Conn.-based firm closed last month and has been liquidating its portfolio in recent weeks. Once seen as a potential powerhouse, Sureview had just $427 million in assets at the time of its last regulatory filing. The shutdown comes after a difficult start to 2014, with losses in March and early April. Performance at the firm had generally been good, however.
Sureview was founded in 2011 by John Wu, a veteran of Tiger Management and Kingdon Capital Management. The equity specialist was seeded by Blackstone Alternative Asset Management, which has a history of backing successful new funds.
Wu decided to pull the plug due to the large amount of time he was forced to spend fundraising rather than trading, according to The Wall Street Journal.