Latest Hedge Fund Rumor: Alopex Capital Shutting Down

Posted by John Carney, Jan 23, 2008, 4:09pm

Rumors are swirling that Alopex Capital, the equity volatility arbitrage hedege fund manager founded by ex-Goldman Sachs and Soros trader Peter Van Dooijeweert is shutting down. The Global Vega Fund (no relation to Vega Asset management) was apparently seeded by Tudor Investments in 2003 and in a document filed with the SEC in April 2006 the company listed only $226 million in assets under management –although people we spoke with list current assets significantly higher.

Looking for info from anyone who knows anything. Alopex could not be reached for comment.

--DealBreaker contributor A. Barber.

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Posted in: Hedge Funds, Rumors

Comments

Posted by jag, Jan 23, 2008 4:20PM

The firm had under $100 million in AUM, according to the best estimates I am hearing. They use(d) Deutsche Bank's prime brokerage services.

Posted by , Jan 23, 2008 4:25PM

Anyone hearing anything about layoffs at Lehman today?

Posted by , Jan 23, 2008 4:27PM

Anyone hearing anything about layoffs at Lehman today?

Posted by Yo!, Jan 23, 2008 4:40PM

That dude's last name should be shut down.

Posted by I'm a dude, Jan 23, 2008 4:42PM

Alopex in in NYC not Boston

Posted by , Jan 23, 2008 4:42PM

hedge, not hedege.

just saying...

Posted by John Carney, Jan 23, 2008 4:48PM

Just to be clear, this is a different rumor than the earlier Boston rumor.

Posted by I'm a dude, Jan 23, 2008 4:53PM

lots of rumors goin round

Posted by , Jan 23, 2008 5:06PM

there's an "alopex" that plays the Motley Fool CAPS stockpicking game. they're pretty highly ranked

Posted by VolArb, Jan 23, 2008 5:10PM

Sure would suck if a fund that was short a bunch of Vol had to close up shop hours before the bond insurer bailout got announced....

Posted by anonymous, Jan 23, 2008 8:59PM

Heard this was the top rated vol fund in Euromoney magazine poll last year, but they didn't make much in 2007 so he shut it down.

Posted by anonymous, Jan 24, 2008 5:15PM

this story implies they lost a lot of money, but it seems they were flat last year and are closing due to lackluster returns not losses.

Posted by anonymous, Jan 24, 2008 5:17PM

see hedge fund alert for real story--this is a dull one

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