Industry News

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

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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San Francisco HF Shuts Down

May 02, 2013
Jing Chen

San Francisco-based healthcare hedge fund firm Ayer Capital is shutting its doors.

Bloomberg Businessweek reproted that the firm is returning the majority of clients' money by the end of this quarter, and the rest by the end of the year. The reason for Ayer's closure was not disclosed, however the firm's assets dropped to $200 million at the end of 2012 from $300 million in the middle of the same year.

Ayer was founded in 2008 by Venkatesan, a former director at Boston-based private equity firm Brookside Capital.

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