GATKO To Close Global Long/Short Hedge Fund

May 23 2008 | 2:00am ET

The volatile equity market has claimed another hedge fund. London-based GATKO Partners is shuttering its equity long/short offering, the latest hedge fund to fold despite positive performance.

The US$68 million GATKO Global Opportunities Fund, which is up 0.42% year-to-date, will close at the end of May. The fund returned 7.85% last year and 8.59% in 2006.

The firm declined to comment on the fund closing.

The GATKO Global Opportunities Master Fund employed a macro driven thematic investment approach and its investment strategy is directional, though not long-biased, with conservative use of the balance sheet. Its average gross exposure since inception is 76%, with the average net exposure at 15%.


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