Hedge Fund Pivotal Calls It Quits Due To Fundraising Woes

Sep 12 2012 | 1:09pm ET

Hong Kong hedge fund Pivotal Investments is closing its doors, the latest Asian hedge fund to join the scrapheap this year.

Pivotal's demise was blamed on a common complaint, inability to raise money. The firm debuted in 2010 with US$50 million but was never able to exceed US$70 million in assets, despite returning 44.5% last year.


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