shutterings

Kleinhenz Capital Shuttering Leaves Void In The “Hedge Fund Managers Who Have No Qualms About Driving Their Adversary’s Kia Sorento Into A Pond” Field

By

Last Friday, Bloomberg reported that Kleinheinz Capital Partners had written investors to inform them that the firm would be closing up shop, on account of founder John Kleinheinz no longer “enjoying running running the fund” as much as he used to. And while JK is certainly not the first hedge fund manager to throw in the towel or to blame “central bank and government intervention for reducing volatility and making macro investing more difficult,” and there are obviously enough people left in the industry to manage people’s money, this particular account of calling it quits should leave you slightly misty-eyed, for one reason: the hedge fund community has lost the guy that did this (and, noting the less than apologetic apology, would do it again?): Read more »

  • 09 Nov 2012 at 2:17 PM

John W. Henry & Company To Evict Investors At The End Of The Year

By

Clients were informed of the turn of events today in a rather terse email that may or may not have concluded, “So that’s all, don’t let the door hit you on the way out.” Read more »

Octavian Advisors Is Closing Its Doors Because Investing Is Hard

By

Octavian Advisors, a roughly $1 billion hedge fund firm specializing in distressed investments, said it was shutting down, becoming the latest casualty of tough market conditions as it suffered double-digit losses…”We are deeply frustrated by a market that is driven almost entirely by macroeconomic and political decision-making in the short and intermediate term, where idiosyncratic investments and analysis are overwhelmed by the broader backdrop, and where ‘events’ have become more and more difficult to effectuate and analyze,” founder Richard Hurowitz wrote a letter to investors. [Reuters]

  • 24 Jan 2012 at 2:07 PM

Ticonderoga Securities To Close Up Shop

By

According to Bloomberg, the brokerage “will halt operations after an attempt to boost capital fell through” and close by the end of the week.

  • 03 Jan 2012 at 12:47 PM

This Is What Happens When You Forsake Ken Griffin!

By

“Re: WJB Capital cutting its brokerage operations…the firm had recently gone on a hiring spree, including a couple Citadel analysts.”

  • 03 Nov 2011 at 10:27 AM

OSS Capital “To Wind Down In Its Current Form”

By

Read more »

  • 11 Aug 2011 at 9:08 AM

Citadel Securities Shutting Down This Morning (Update)

By

Update: According to Citadel “we’re laying off some employees but not shutting down the entity. This continues to be an ongoing business.”

From the front lines: Read more »

  • 08 Mar 2011 at 1:30 PM

Feds Can Add Loch Capital To The Body Count

By

Loch Capital for the hat-trick. Read more »

  • 01 Feb 2011 at 5:00 PM

High Rise Capital Management Closing Its Doors

By

From the mailbag: Read more »

  • 31 Jan 2011 at 5:29 PM

STG Capital Shuttering May Have Had Something To Do With ‘Expert Network’ Ties

By

Last week we reported that hedge fund STG Capital had abruptly closed its doors, though the reason was unclear. Today Reuters’ Matthew Goldstein and Emily Chasan have a bit more color: Read more »