Abacus Shuts Down Hedge Fund, Shelves Quant Strategy

Westport, Connecticut-based Abacus Asset Management recently pulled the plug on its Abacus Small Cap Growth Fund, a long/short equity small-cap vehicle, because of lack of investor demand. The firm’s Abacus Quantitative Strategy, which can be used as a long-only equity strategy or as a risk-neutral strategy when combined with short positions, has also been shelved.