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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...