Fairfield Shutters Multi-Strat Offering

Jan 22 2008 | 10:16am ET

Fairfield Greenwich Group, the $16 billion New York-based hedge fund, has liquidated its Fairfield Parabolic Partners Fund, a multi-strategy arbitrage offering.

A source with knowledge of the situation said the principals of Parabolic Partners Capital Management–the sub-advisor to the fund–decided to close shop last month despite the fact that the fund had positive performance since inception. “This was not a case of ghastly performance or anything of that nature,” said the source.

The $81.7 million fund, which was launched in September 2005, last year fell 4.55% through November. In 2006, it returned 11.90% and finished 2005 up 0.24%, according to BarclayHedge.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note