Wednesday, 30 July 2014
Last updated 9 hours ago
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.
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…