‘Quixotic’ Denver Hedge Fund Calls It Quits

May 15 2008 | 10:07am ET

Denver-based Quixote Capital Management is closing its doors, its crusade fatally wounded by the ongoing credit crisis.

Founder Jerry Paul, who earlier this year closed Quixote’s mutual fund, said the firm’s hedge fund will liquidate this month. With little capital available to pursue buyouts and acquisitions, Paul told the Denver Post that “there is not much to do” with his merger arbitrage offering.

The fund’s returns have been in the single-digits, Paul, a former high-yield and fixed-income manager at Invesco Funds Group, says. The fund manages about $30 million.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note