BlackRock Co-Founder To Shut Hedge Fund

Nov 6 2014 | 3:46pm ET

Yet another global macro hedge fund—one led by a co-founder of BlackRock Inc.—is closing its doors.

Anderson Global Macro will close at the end of the month, Bloomberg News reports. The firm was founded in early 2012 by Keith Anderson and began trading in May of last year. It had $420 million in assets in January; Anderson had sought up to $1 billion for the fund.

It is unclear why Anderson pulled the plug or how the fund has performed. But macro funds have been battered by the low-volatility market environment this year, and Anderson had a rough last year-and-a-half at Soros Fund Management, where he served as chief investment officer from 2008 through 2011.

Prior to joining Soros, Anderson spent 20 years at BlackRock, which he co-founded in 1988. 

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