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

Q&A: Pantheon’s McCrary Says Private Equity Market ‘Robust’

Dec 17 2014 | 8:32am ET

Dennis McCrary is a partner at Pantheon, a private equity firm with $32.2 billion...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps 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.