Sureview Shuts After Fundraising Difficulties

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.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

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

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

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.