Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact

News Archive

Read More Industry News >

Connecticut Hedge Fund to Shut Down

Apr 17, 2013
Jing Chen

Connecticut-based hedge fund firm 5:15 Capital Management is closing its doors due to investor redemptions.

In a letter to investors obtained by Bloomberg, 5:15 co-founders E.G. Fisher and Rob Wahl explained that redemptions “driven by sector rotation” and “weakness in the fund-of-fund industry” led the assets in the firm’s main fund to drop to $370 million from its peak of $1 billion.

The pair also said that they did consider restructuring the firm to manage a reduced AUM, however they came to the conclusion that because of its trading strategy, winding down the fund would be in the investors’ best interest.

Launched in 2009, 5:15 utilizes global fixed income interest rate arbitrage and tail risk strategies.

Read More Industry News >

eVestment’s 2016 Hedge Fund Industry Outlook

Request Your Copy